Bunge Prepares to Replace CEO Soren Schroder

The grain trader could announce departure of CEO in coming days, might also replace Chairman J. Patrick Lupo

Cara Lombardo,

Dana Mattioli and

Jacob Bunge

Updated Dec. 7, 2018 4:59 p.m. ET

Bunge Ltd. is preparing to replace its top leadership as the agricultural giant faces investor pressure sparked by its flagging performance.

The company is expected to announce in coming days the departure of Chief Executive Soren Schroder, people familiar with the matter said. Bunge plans to initiate a search for a replacement from inside and outside the company, one of the people said.

Bunge’s...