Bunge Limited announced this week the company will relocate its global headquarters from White Plains, New York, to St. Louis, Missouri. Bunge is a well-known agribusiness and food company focused on grain processing and exporting, and is the world’s largest soybean processor.

Bunge CEO Gregory Heckman says the move is “a big step forward in shifting the Company’s operating model to align around a more efficient, streamlined global business structure.” Heckman was appointed CEO a few months ago and has ties to the Midwest. He spent years in executive positions at ConAgra Foods and Gavilon, both based in Omaha, Nebraska.

Bunge calls St. Louis an important hub for it’s North American operation, noting the city home to several food and agriculture organizations and customers. Bunge is in the early planning stages of the transition to the new global headquarters, which is expected to be completed by the end of the second quarter of 2020. The company will move to an office in Chesterfield, Missouri, in the St. Louis metropolitan area.