ADM Creates New Business Unit to Accelerate Value Creation
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today announced the creation of a new business unit called Ag Services & Oilseeds, which combines ADM’s Origination and Oilseed business operations into a single reporting structure, effective July 1.
The new business unit will be led by Greg Morris, formerly president, Oilseeds for ADM.
“ADM’s ability to provide value through the entire supply chain – from origination to processing to transportation to ingredients and solutions – is what sets us apart from others in the industry,” said Chairman and CEO Juan Luciano. “Bringing the unparalleled strength of our global origination, global trade and destination marketing businesses and our transportation network together with our leadership in oilseeds processing and value-added product mix is a natural evolution. This helps us better integrate the supply and value chains to deliver significant simplification and efficiency to the day-to-day business.
"I am personally committed to the strategic value that simplification can bring to our organization, and feel our ability to accelerate purposeful value creation within ADM has never been greater.”
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 40,000 employees serving customers in nearly 200 countries. With a global value chain that includes approximately 450 crop procurement locations, more than 330 food and feed ingredient manufacturing facilities, 62 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.liuo1.com.
Archer Daniels Midland Company