Tereos (Béghin Say), the world’s second largest sugar group, experienced a serious governance crisis in 2020. Pascal Rossignol / REUTERS
The Franco-Portuguese was, between 2013 and 2016, managing director of the Rouiller group, specializing in agricultural supplies and agrifood.
Tereos announced on Friday the arrival of Jorge Boucas, who is leaving the powerful dairy cooperative Sodiaal, to take the post of general manager of the French sugar giant after a series of governance and management crises. Jorge Boucas, 50, will take office on April 20 and “will be tasked with carrying out Tereos’ strategic project“, notably “to complete the recovery of the cooperative group, to deploy the decarbonization plan as soon as possible in the face of the energy challenges affecting our industry“, According to a press release.
Tereos (Béghin Say), the world’s second largest sugar group, experienced a serious governance crisis in 2020 and successive management changes, following the overthrow of its historic management and a governance conflict with the cooperative members, of 12,000. After this turbulent period, the group had chosen in April 2022 a new general manager, Ludwig de Mot, who stayed only six months. The group has since been led by the chairman of the board of directors, Gérard Clay.
“The new effective governance structure put in place since June 2022 is a determining factor in my choice to join the Tereos cooperative.“said Jorge Boucas, quoted in the press release. Instead of a supervisory board and a management board, the group has in fact moved to a board of directors of 9 members.
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Managing Director of the Sodiaal dairy cooperative until February 28, 2023, Jorge Boucas, polytechnician, was previously Managing Director of the Roullier group (agricultural supplies and agrifood, 2013-2016). He had joined Roullier by selling him Nextenergies, a specialist in energy production projects from biomass for industrialists, which he had co-founded and developed from 2006 to 2012. He has dual Franco-Portuguese nationality. The Tereos group returned to profit in 2021-2022, posting a turnover of 5.1 billion euros.
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