Louis Dreyfus Co. (LDC) has launched a venture capital program to invest in food and farming firms while also announcing a change of head for its innovation business, reports Reuters.
The venture capital initiative, called LDC Innovations, will be part of LDC’s innovation and downstream division.
LDC Innovations will be led by Max Clegg, who has held business development and innovation roles at the group in North America since 2012.
Its current innovation chief Kristen Eshak Weldon is to leave the group at the end of this month.
