Agricultural processor Archer Daniels Midland has announced a series of management changes as it restructures its operations. 

ADM is consolidating the management of its cocoa processing business under its oilseeds unit and the responsibility for its wheat milling business under its agricultural processing arm. The changes are effective immediately.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

ADM said the consolidation is part of its continued effort to “streamline the organisation and restructure work to drive greater efficiencies and effectiveness”. Earlier this year, the firm announced a swathe of job cuts in a bid to save around US$100m a year.

The company announced the retirement of vice chairman John Rice and executive vice president David Smith. ADM said it has begun the search for a new general counsel.

Vice president of investor relations Dwight Grimestad has been appointed to the newly-created position of vice president of corporate strategy. He will be succeeded by Ruth Ann Wisener, who joins ADM from Tyson Foods where she was vice president of investor relations.

ADM also announced the appointment of Mark Kolkhorst as president of milling. He will also be responsible for ADM Alliance Nutrition, replacing Terry Myers, who is retiring as president after 42 years of service.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Kris Lutt has been appointed president of Golden Peanut Co., succeeding the unit’s retiring CEO Jimmy Dorsett.

ADM also named Scott Walker, vice president and managing director of ADM Cocoa international as president of ADM Cocoa.

The appointments are effective immediately.