ADM Realigns Business Segments to Further Accelerate Growth
Archer Daniels Midland Company (ADM) has announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, Oilseeds and Origination. The new segments better reflect ADM’s operating structure and will enable the company to further highlight the differentiation of its product and service offerings and enhance its ability to respond to the evolving needs of customers.
“The changes we are announcing enhance and accelerate our efforts to deliver value-added, differentiated products and services and drive growth across our entire portfolio,” says ADM Chairman and CEO Juan Luciano. “We have made tremendous progress over the last several years in creating a more agile and efficient company, and these changes position us to build on that momentum as we work to further enhance the customer experience and provide even greater value to customers and shareholders.”
ADM has appointed the following leaders from its existing management team to lead the new segments:
- Chris Cuddy will expand his role as head of Corn Processing to lead the Carbohydrate Solutions business unit, which will include the current Corn and Milling operations.
- Vince Macciocchi will expand his leadership role as head of Nutrition to include the Animal Nutrition and Bioactives businesses in addition to Wild Flavors & Specialty Ingredients (WFSI).
- Greg Morris will continue to lead the Oilseeds business unit, which will remain unchanged.
- Stefano Rettore has been named senior vice president and president, Origination, which will include the current Agricultural Services business, excluding Milling. He will also continue to serve as the company’s chief risk officer.