Cargill has new financial manager

Cargill Oils, one of the main producers of vegetable oil, appointed a new financial manager, Jose Maria Barragan, last autumn. He took over this position after the former financial manager, Jose Fauda, was appointed economic manager of the food division of Cargill’s subsidiary in Venezuela. Spanish-born Barragan, 42, has been working with the Cargill group for 16 years, after previously working as a financial manager of the grain and sunflower seeds division of the Italian Cargill subsidiary, as well as of the animal feed divisions of the Portuguese and Spanish divisions. Cargill Oils, the producer of the vegetable oil brands Untdelemn de la Bunica and Olpio, posted 38.1 million-euro turnover in 2006, up 50% against the preceding year, and net losses worth 2.5 million euros, six times less than those recorded a year before.