Olam's reorganisation will help unlock units' full potential, says its CEO
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
AGRI-BUSINESS giant Olam International's current company structure is a "bit too complex" for the group to unlock the full potential of its business units, but the group's reorganisation plans will soon fix this problem, chief executive Sunny Verghese has said.
Speaking at a virtual dialogue organised by Sias (Securities Investors Association (Singapore) on Wednesday (Feb 9), he said the trends underpinning the Olam Food Ingredients (OFI) unit are different from the trends underpinning the Olam Global Agri (OGA) unit and the rest of Olam International's businesses.
In his view, each unit comes with a different set of geographies, trends and capabilities that are required in order to "succeed in that business".
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
