#Luxembourg #Board Changes #Adecoagro #Tether Investments

Adecoagro's New Board Dynamics

In a significant corporate transition, Adecoagro S.A. (NYSE: AGRO), known for its commitment to sustainable production in South America, has announced a transformative change in its Board of Directors. This announcement comes in the wake of Tether Investments S.A. de C.V.'s acquisition of a 70% stake in the company. Such a substantial investment signals Tether's commitment to Adecoagro's future and growth trajectory.

Departure of Renowned Board Members

As part of this transition, several prominent members of the board have tendered their resignations, including Mrs. Ana Cristina Russo, Mr. Guillaume van der Linden, Mr. Alan Leland Boyce, Mr. Andres Velasco Brañes, and Mr. Plinio Musetti. Their departures mark the end of an era, as these individuals played pivotal roles in shaping Adecoagro's strategies and operational excellence.

Welcoming New Leadership

To fill the impending leadership void, the remaining board members have immediately appointed five new directors. These appointments will be presented for approval at the upcoming General Shareholders' Meeting scheduled for June 6, 2025. The new members include:

• - Mr. Juan José Sartori Piñeyro
• - Mr. Christian De Prati
• - Mr. Andres Larriera
• - Mr. Kyril Robert Leonid Louis-Dreyfus
• - Mr. Oscar Alejandro León Bentancor

This new composition will enhance the board's strength, integrating diverse expertise and fresh perspectives that are crucial for steering the company towards its strategic goals.

Vision for the Future

Mariano Bosch, Co-Founder and CEO of Adecoagro, expressed immense gratitude towards the outgoing board members, acknowledging their invaluable contributions and setting a positive tone for the incoming team. “Their commitment has been foundational to Adecoagro's success, and I am excited to work alongside our new board members who bring unmatched energy and insight,” he remarked.

Likewise, Mr. Juan Sartori, the newly appointed Executive Chairman, emphasized the importance of this transition. He highlighted Tether's support as a catalyst for Adecoagro's continued expansion and innovation. Under the new leadership, Adecoagro aims to solidify its foothold in the food and renewable energy sectors while dynamically exploring new growth avenues.

Reinforcing Corporate Governance

Post-transition, the Board of Directors will maintain nine members, organized into several strategic committees: Strategy Committee, Risk and Commercial Committee, ESG Committee, Talent and Compensation Committee, and Audit Committee. Notably, the Audit Committee will comprise notable members including Mrs. Manuela Vaz Artigas, Mr. Ivo Andrés Sarjanovic, and Mr. Oscar Alejandro León Bentancor, strengthening Adecoagro’s commitment to good governance and transparency amid growth.

A Look at the New Board Members

• - Juan José Sartori Piñeyro is recognized as a driving force in the investment and private equity sectors, particularly in Latin America. His extensive background in diverse industries promises to foster strategic advancements in Adecoagro’s business model.

• - Christian De Prati brings a solid academic foundation and notable experience in corporate governance and investment banking, with prior affiliations with distinguished firms like Bank of America.

• - Andres Larriera has made significant contributions in various high-profile roles, fostering innovation in smart energy and corporate transformations.

• - Kyril Robert Leonid Louis-Dreyfus comes with legacy industry insights from the Louis Dreyfus Group, offering a unique perspective on agricultural markets.

• - Oscar Alejandro León Bentancor adds financial acumen honed over 30 years across industries, ensuring Adecoagro’s financial stability and growth.

Conclusion

This strategic realignment within Adecoagro's Board of Directors marks a pivotal shift towards an exciting future chapter for the company. With new perspectives that blend experience and innovation, the leadership is well-positioned to guide Adecoagro in achieving its sustainable production goals while enhancing shareholder value. As the company prepares for this transformational phase, the coming months will undoubtedly be crucial in laying the groundwork for long-term success and impact in the industry.