Archer Daniels Midland Company Names Juan R. Luciano New Chief Operating Officer
Archer Daniels Midland Company (NYSE: ADM) today announced that Juan R.
Luciano will join the company in the new role of Executive Vice
President and Chief Operating Officer, effective April 12. Luciano will
lead the company′s global operations and commercial activities. He will
report to ADM′s Office of the Chairman, which includes Chairman, CEO and
President Patricia Woertz and Vice Chairman John Rice.
Luciano joins ADM from The Dow Chemical Company where he was an
Executive Vice President of the company and President of the Performance
Division.
'I am very pleased to have Juan join our senior executive team and
partner with us as we grow the value, earnings and size of our company,?
said Woertz. 'As our new COO, Juan will bring global manufacturing
experience and a track record of operational excellence and profitable
growth to accelerate our success. His extensive process and systems
expertise will complement ADM′s world-class commercial capabilities. He
joins an exceptional team that continues its focus on delivering
shareholder value as we serve vital needs for food and energy.?
'This is a wonderful chance to join a company with unprecedented
opportunities for growth,? said Luciano. 'From its unmatched global
asset base to the deep experience and expertise of its people, ADM is
extremely well positioned to capitalize on growing global demand for
agricultural products. I look forward to joining my new colleagues and
working with them to deliver profitable growth.?
'Expanding our leadership team will allow John Rice to provide
additional focus on our profitable growth strategy,? Woertz said. 'With
his extensive global contacts in agricultural processing, he is uniquely
qualified to execute global acquisitions and growth. As our Vice
Chairman, he continues to provide his unmatched commercial perspective
as we expand our sourcing, transportation and processing assets to serve
growing markets.?
About Luciano
Juan Luciano is ADM′s Executive Vice President and Chief Operating
Officer, effective April 12, 2011. He will serve on the company′s
Strategic Planning Committee and report to ADM′s Chairman, President and
CEO Patricia Woertz and Vice Chairman John Rice.
Luciano joins ADM from The Dow Chemical Company where he served as
Executive Vice President and President, Performance Division. He was a
member of Dow′s Executive Leadership Committee, Strategy Board and
Management Committee.
He oversaw several global businesses in the hydrocarbons and energy
field, including polymers, olefins, aromatics and plastics. He managed a
portfolio of companies that encompassed 29 countries and a global
workforce of more than 8,000, with additional responsibilities for 10
joint venture companies with manufacturing locations in Kuwait,
Argentina, Thailand, Japan, South Korea and the United States. As
President, Performance Division he led a business with a strong
innovation focus, with revenues of more than $16 billion, doing business
in 50 countries.
Luciano is a National Trustee in the Midwest region for the Boys & Girls
Clubs of America and holds a degree in industrial engineering from the
Buenos Aires Institute of Technology.
About ADM
Every day, the 29,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 240 processing plants, we convert corn,
oilseeds, wheat and cocoa into products for food, animal feed, chemical
and energy uses. We operate the world′s premier crop origination and
transportation network, connecting crops and markets in more than 60
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2010, were $62 billion. For
more information about our company and our products, visit www.adm.com.
Archer Daniels Midland Company
ADM Media Relations,
217-424-5413
media@adm.com
