January 16, 2017 / 3:37 PM / a year ago

Sarjanovic steps down as CEO of sugar merchant Alvean

LONDON, Jan 16 (Reuters) - Sugar merchant Alvean said on Monday that Ivo Sarjanovic was stepping down as chief executive officer.

Sarjanovic has been CEO since the Geneva-based company was set up in 2014 through a joint venture, bringing together the sugar trading operations of Cargill and Copersucar.

“The change is part of a planned transition as the company focuses its strategy on the next phase of growth and development,” Alvean said in a statement.

Reporting by Nigel Hunt; Editing by Susan Fenton

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