ADM Announces Appointment of Director, Declares Cash Dividend
Archer Daniels Midland Company (NYSE: ADM) today announced that Terrell
K. Crews, retired chief financial officer of Monsanto Company, has been
appointed to its Board of Directors and to the board′s audit committee.
'I′m confident that Terry′s deep global agribusiness experience and
demonstrated success at helping to deliver outstanding shareholder value
will enable him to make valuable contributions to our board,? said ADM
Chairman, CEO and President Patricia A. Woertz.
Crews retired from Monsanto in November 2009 following a 32-year tenure
with the company that culminated in nearly a decade of service as its
executive vice president and chief financial officer. Crews also served
as CEO of Monsanto′s vegetable division from August 2008 until his
retirement.
Earlier, he was the global finance lead for Monsanto′s Global Seed
Group, where he oversaw the financial integration of 11 acquired seed
companies. And in 1997, he was appointed the company′s general auditor
following assignments as controller for Latin America and as CFO of
Monsanto′s Asia-Pacific operations.
He holds a bachelor′s degree in accounting from Freed-Hardeman
University and a master′s degree in management from the Kellogg School
of Management at Northwestern University.
Cash Dividend Declared
ADM′s Board of Directors also declared a cash dividend of 16 cents per
share on the company′s stock payable on June 9, 2011, to Stockholders of
record on May 19, 2011.
This is ADM′s 318th consecutive quarterly payment, a record
of 79 years of uninterrupted dividends. As of March 31, 2011, there were
637,739,915 shares of ADM stock outstanding.
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.
ADM Media Relations
217-424-5413
media@adm.com
