The top sugar producer Tereos said on September 27 that its interim chief executive officer Ludwig de Mot is stepping down at the end of September, making it the third change in top management in the past two years, reported Reuters. The French cooperative group has seen repeated senior management changes and an in-depth review of its strategy since late 2020 when a long-running internal feud led to the ousting of its chairman and CEO. Chief Executive Officer Philippe de Raynal had left the group after less than a year at the helm and was replaced by de Mot in April. De Mot will be replaced by Gerard Clay, chairman of the board of directors, as managing director on an interim basis, Tereos said in a statement.
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