Olam's reorganisation will help unlock units' full potential, says its CEO

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".