USA: Sugar Giant Alvean Loses More Traders After COO Departure

Alvean, the world’s top sugar-trading company, is losing more people after the exit of the chief operating officer last month. Options trader Sophie Maze, hired in Geneva at the end of last year, and five other employees left, Alvean said Friday in a statement responding to Bloomberg questions. Maze, formerly with BP Plc, was hired to exploit the links between sugar and energy, helping diversify earnings.

Alvean, a venture between U.S. agribusiness giant Cargill Inc. and Brazilian sugar and ethanol producer Copersucar SA, confirmed last week that COO Soren Jensen left. He held the job since the company was formed in 2014 after working for Copersucar. The departures follow the appointment of Gareth Griffiths, a former Noble Group Ltd. energy executive, as chief executive officer in May 2017.