According to a report at Reuters, Gavilon Group LLC, owned by Japan’s Marubeni Corp, has dismissed at least two senior executives, two people familiar with the matter said, amid a reshuffle that affected the firm’s Brazil unit this year.
The shakeup at Gavilon is the latest course correction in the region for Marubeni, one of several U.S. grain merchants struggling due to the trade war with China and historic flooding in Midwestern states.
Kevin Lewis, chief financial officer at Gavilon in the U.S., and Tasso Sideris, vice president and general manager for global agriculture, were asked to leave the firm, the sources said, requesting anonymity because the news was not public.
