The Rising Influence of Rising Affluence

[DewDiligence]

MON adds CZZ’s CEO to BoD:

http://www.sec.gov/Archives/edgar/data/1110783/000111078314000081/ex99.htm

Monsanto Company announced today the appointment of Marcos Lutz to the company’s board of directors. Lutz is the chief executive officer of Cosan SA and a director of Cosan Ltd. (NYSE: CZZ) – a Brazil-based company that operates businesses in sugar and ethanol, fuel, logistics services, lubricants and piped natural gas…

…Lutz holds a bachelor of science degree in naval engineering from the University of São Paulo and a master of business administration degree from Northwestern University’s Kellogg School of Management. [I would wager that Lutz is the only person who has these two degrees from these two institutions.]

The addition of Marcos Lutz to Monsanto’s board brings the number of directors to 13, with 12 independent directors [i.e. all directors are independent except CEO, Hugh Grant].