23.8.2007: Meldung: Archer Daniels Midland Company (ADM): New Corporate Structure
ADM REORGANIZES OPERATIONS
New Corporate Structure Aligns Operations for Enhanced Performance
Archer Daniels Midland Company (NYSE: ADM) chairman, chief executive officer and
president, Patricia Woertz today announced an organizational restructure of the Company,
designed to enhance ADM’s operating efficiency and provide clearer lines of responsibility for
long-term success. The reorganization creates a single operations group, responsible for the
Company’s origination, merchandising, processing and marketing functions.
“The reorganization represents the next step in our process to position ADM for
continued success. We have defined our longer-term strategy and areas of focus; now we are
aligning our organization and leadership to execute our business plans,” said Woertz.
• John Rice, executive vice president, will lead the new Commercial & Production
division, with responsibility for global origination, merchandising, processing and
marketing across ADM’s major business lines.
• David Smith, executive vice president, secretary and general counsel, will take on
additional responsibility for Natural Health and Nutrition, Aviation and Internal Audit.
• Steve Mills, senior vice president, Strategic Planning, will assume additional
responsibility for Specialty Food Ingredients, ADM Investor Services and Hickory Point
In addition, Projects and Engineering will report jointly to Michael Pacheco, vice
president and chief technology officer, and John Rice. Marketing communications will report to
Victoria Podesta, vice president, Corporate Communications. Bill Camp, executive vice
president, will assume responsibility for Asia Strategy. And Lew Batchelder, senior vice
president, will be relocating to Hamburg, Germany, as a member of the management board of
Alfred C. Toepfer International G.m.b.H., a global commodity trading firm majority-owned by
The reorganization will not only streamline operations for enhanced performance, it will
also provide development opportunities for managers throughout the Company. “Installing a
reporting structure that supports our business strategy is a vitally important move,” said Woertz.
“Equally important is the creation of an organization that provides development and growth
opportunities for our future leaders. This will help ADM retain top talent and ensure our leaders
are well prepared for the many, diverse challenges and opportunities our future will present.”
About 30 individuals will have new reporting relationships or increased responsibilities,
including the following promotions.
Reporting to John Rice:
• Mark Zenuk, vice president, Global Oilseeds
• Mark Bemis, vice president, Cocoa, Malt and Milling
• Craig Huss, vice president, Transportation and Grain
• Kevin Moore, production vice president, BioProducts and Industrials
• Gary Towne, manager, Global Risk
Reporting to David Smith:
• Stu Funderburg, assistant general counsel
The reorganization will require some positions and responsibilities to be reconfigured,
and a limited number of managerial positions to be eliminated. ADM will be offering transition
incentives to individuals whose positions are affected.
John Rice joined ADM in 1976 as a tax accountant. From 1978-1993 he held positions in
merchandising and merchandising management. In 1993, he was elected vice president by the
board of directors. Since then, Rice has held various senior management positions within the
processing divisions, including president, North American Oilseeds and Food Oils, and senior
vice president, Global Corn Processing, BioProducts and Food. In February of 2005, he was
elected executive vice president with responsibility for Global Marketing and Risk Management.
David Smith has served in the ADM law department for over 25 years. As the executive
vice president, secretary and general counsel for the Company, he has direct global responsibility
for ADM’s legal affairs. Smith also oversees Corporate Security and Services, Insurance, and the
Office of Compliance and Ethics.
Steve Mills joined ADM in 1979, and has served in various senior treasury and
accounting roles. He was named controller in 1994, and elected a vice president in 2000. He was
appointed group vice president in 2002. Mills was named senior vice president, Strategic
Planning for ADM in 2006. In this role, he leads the Company’s long- and short-term strategy
setting process. Steve is also responsible for information technology, business development,
merger and acquisition coordination, and competitive intelligence analysis.
Mark Zenuk joined ADM in 2000. In 2005, he was elected vice president and managing
director, Europe and Asia. Mark has served in a variety of management roles including vice
president, Moormans/ADM-Animal Health and Nutrition; vice president, North American Oils
and Fats; and division senior vice president, North American and European Oils, Fats and
Mark Bemis joined ADM in 1983. During his tenure, Mark served in merchandising
management positions in the oilseeds group. In 1999, he was named vice president and general
manager, ADM Cocoa North America. In 2001, he was named president, ADM Cocoa; and in
2005, he was elected a vice president of ADM.
Craig Huss joined ADM in 1976 and has held various positions in grain elevator,
processing and merchandising management. In 1999, he was named president, ADM
Transportation; and in 2001, he was elected a vice president of the Company.
Kevin Moore joined ADM in 1990 and has held various manufacturing management
positions for ADM. In 2006, he was named vice president and technical director for the
Gary Towne joined ADM in 1997 and has served in a variety of management and
merchandising positions. In 1999, he was named vice president, ADM Export Company; and in
2000, he was named vice president, Corn Processing.
Stu Funderburg has served in the law department since 1998, first in the role of attorney
and then as corporate counsel.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a
premier position in the agricultural processing value chain. ADM is one of the world’s largest
processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel,
ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed
ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000 employees, more than 240
processing plants and net sales for the fiscal year ended June 30, 2007 of $44 billion. Additional
information can be found on ADM’s Web site at http://www.admworld.com.
Archer Daniels Midland Company
4666 Faries Parkway
Decatur, IL 62526
Director, External Communications