CFO for Bunge Jumping

WHITE PLAINS, N.Y., Feb. 8 /PRNewswire-FirstCall/ -- Bunge Limited (NYSE:BG) today announced that William M. Wells, Chief Financial Officer, will be leaving to accept the position of CFO with Loblaw Companies Limited, Canada's largest food distributor and a leading national retailer. Mr. Wells' departure will become effective April 1, 2007. Bunge has initiated a search for a new CFO, and plans to consider both internal and external candidates. Drew Burke, co-CEO, Bunge Global Agribusiness, will serve as interim CFO after April 1 until a permanent successor is appointed.

"Bill has been a valued member of our management team since 2000 and made a significant contribution to Bunge during a critical period in its 189-year history," said Alberto Weisser, Chairman and Chief Executive Officer, Bunge Limited. "Bill's financial leadership was instrumental to the success of Bunge's initial public offering and its acquisition of Cereol, as well as the creation of the strong growth position the company enjoys today. We wish him success in his new job. In the coming months Drew will work closely with Bill and me in preparation for serving as interim CFO."

"The past seven years with Bunge have been the most exciting and fulfilling of my career," stated Mr. Wells. "Bunge has a bright future, and I will miss the people here a great deal, but I am looking forward to applying my 17 years of experience in the food industry to new and interesting professional challenges. I am also excited by the opportunity to return to Canada where I grew up and have family."

Mr. Burke joined Bunge Limited in January 2002 as Managing Director, Soy Ingredients and New Business Development. Prior to joining Bunge, he served as CEO of Degussa Corporation, the U.S. subsidiary of the German chemical concern, where he also served as CFO and held a variety of finance and management positions. Prior to Degussa he worked for Beecham Pharmaceuticals and was an auditor with Price Waterhouse & Company.

About Bunge
Bunge Limited ( , NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's over 22,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.

CONTACT: Mark Haden, Investor Contact, +1-914-684-3398, or Stewart Lindsay, Media Contact, +1-914-684-3369, both of Bunge Limited
SOURCE Bunge Limited
February 8, 2007