Singapore, Jan. 21 -- Global food and agri company Olam International said yesterday that it will reorganise its businesses into two operating groups with a view to spinning them off, then listing them separately two to three years from now.
Olam Food Ingredients consists of the cocoa, coffee, edible nuts, spices and dairy business units, and will offer food products catering to the growing demand for healthier food that is traceable and sustainable.
It will be headed by chief executive A. Shekhar, who will step down from his current role as group chief operating officer of Olam with immediate effect.
The other group, Olam Global Agri, will supply food, feed and fibre with a focus on high-growth emerging markets in Asia and Africa. It...