Archer Daniels Midland Company (NYSE: ADM) today announced three management appointments. Gregory Morris has been named senior vice president and president, Global Oilseeds. Vince Macciocchi has been named senior vice president and president, WILD Flavors and Specialty Ingredients. Mark Bemis, senior vice president and president, North America, has been named to the additional role of chief risk officer, and Chris Cuddy [...]
Archer Daniels Midland Company (NYSE: ADM) announced today at its 92nd Annual Stockholders ™ Meeting that 13 incumbent directors were elected to its Board. The directors are: Alan L. Boeckmann, Mollie Hale Carter, Terrell K. Crews, Pierre Dufour, Donald E. Felsinger, Juan R. Luciano, Antonio Maciel Neto, Patrick J. Moore, Thomas F. O ™Neill, Francisco Sanchez, Daniel Shih, Kelvin R. Westbrook and Patricia A. Woertz. Cash [...]
Archer Daniels Midland Company (NYSE: ADM) announced today that it has reached an agreement to acquire complete ownership of North Star Shipping and Minmetal, enhancing the company ™s European origination and transportation network through the addition of export facilities at the Romanian Port of Constanta on the Black Sea. North Star and Minmetal operate grain elevators and bulk commodity storage and warehousing as well [...]
Archer Daniels Midland Company (NYSE: ADM) today announced that it is building a new feed-premix plant in the city of Zhangzhou, in southern China, bringing to four the number of plants in the company ™s premix network in the country. The company also announced that it will build a new feed plant in Glencoe, Minnesota, to support a growing market in the Midwest. Zhangzhou, China Demand for safe, high-quality animal feed [...]
Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended March 31, 2015. The company reported adjusted earnings per share1 of $0.77, up from $0.55 in the same period last year. Adjusted segment operating profit1 was $883 million, up 12 percent from $789 million in the year-ago period. Net earnings for the quarter were $493 million, or $0.77 per share, and segment operating profit1 [...]
Archer Daniels Midland Company (NYSE: ADM) announced today that Greg Mills has been named president, Golden Peanut and Tree Nuts. In his new position, Mills will be responsible for all Golden Peanut and Tree Nuts operations, business development, sales, marketing and distribution activities. During his time as president of ADM Crop Risk Services, we saw how Greg ™s focus on strong relationships, great customer service [...]
Archer Daniels Midland Company (NYSE: ADM) will present at the 10th annual BMO Capital Markets 2015 Farm to Market Conference on Thursday, May 21, 2015, in New York. CEO Juan Luciano will present at 11:30 a.m. Eastern Time. The ADM presentation will be webcast live at www.adm.com/webcast. A replay of the presentation will be available May 22, 2015, to June 1, 2015, at www.adm.com/webcast. About ADM For more than a [...]
Archer Daniels Midland Company (NYSE: ADM) today announced that it is investing to give the company ™s Enderlin, North Dakota, processing plant the ability to crush soybeans in addition to canola and sunflower seeds. At the same time, the company will convert a canola processing line in Windsor, Ontario, to a flex line that can also process soybeans. By increasing our crushing flexibility at these two facilities, ADM [...]
ADM Crop Risk Services (ADM CRS) announced today that it has received regulatory approval from the Federal Aviation Administration to operate unmanned aerial vehicles (UAVs) to expedite and improve claims processing, an industry-first addition to its cutting-edge suite of claims technologies. ADM is continuing to deliver on our commitment to create shareholder value, including by enhancing how we deliver products and [...]
Archer Daniels Midland Company (NYSE: ADM) today announced an agreement to purchase several assets of Eaststarch C.V., ADM ™s 50-50 joint venture with Tate & Lyle (LSE: TATE). Under the terms of the agreement, ADM will take full ownership of corn wet mills in Bulgaria and Turkey, and will own a 50 percent stake in a wet mill in Hungary. Tate & Lyle will receive a cash consideration of ‚¬240 million, subject to [...]
Archer Daniels Midland Company (NYSE: ADM) will release financial results for the first quarter of 2015 before the market opens on Tuesday, May 5, 2015. The company will host a conference call and audio webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A financial summary slide presentation will be available to download approximately 60 minutes prior to the call. To listen to the [...]
Archer Daniels Midland Company (NYSE: ADM) today announced that Mark Schweitzer has been appointed vice president, Investor Relations, where he will represent the company to the investment community and act as an advocate for shareholder value creation. Schweitzer previously served as managing director of ADM’s Intermodal and International Container Freight business. “Mark brings to the role his broad experience across ADM—from logistics to grain to oilseeds—and his strong financial acumen. He’s an excellent communicator and collaborator. He also brings a clear focus on delive... [...]