Feb 28, 2022

ADM Searches for Next CFO

Ray G. Youing is named vice chairman; will help transition new chief financial officer

ADM announces that Ray G. Young will assume the additional role of vice chairman, in which he will provide strategic counsel on major initiatives critical to ADM’s future success.

Young plans to transition from his role as chief financial officer once his successor is identified.

ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm.

“Ray has significantly contributed to ADM’s transformation into a global leader in human and animal nutrition, and played a key role in helping drive strong financial performance and providing financial flexibility to support ADM’s growth agenda," said Chairman and CEO Juan Luciano.

For his part, Young said he is committed to ensure a smooth transition for the next CFO.

“In my new role as vice chairman, I look forward to continuing to work closely with Juan and the entire leadership team as we continue to execute on our sustainable growth strategy and build on our momentum," he said.

Recently Added to Buyer's Guide

Semi-Automatic Hand-Prompt Batching Station

  • Designed to eliminate bad batches resulting from operator error and interruption
  • Operator involvement through each step in the batching process

C-LEVER EVA HE Controller

  • For bulk solids, accuracy is not impacted by different material densities, irregular material flows or extreme friction
  • All connections available (Ethernet, Profibus, CANbus, etc.) as standard equipment to easily connect/coordinate with existing systems

SORTEX H SpectraVision

  • Real-time tracking of sorting performance and emergency warnings with SORTEX Monitoring System
  • Newly designed in-house full-color cameras provide best color differentiation for subtlest of color defects

Feed Ordering Hub

  • Cloud-based hub designed to increase feed ordering and scheduling automation
  • Allows feed mills to make data-driven decisions and allocate resources better

24" Scalperators

  • Provides high capacity method for removing roughage, light fines and chaff in a single pass
  • Large material scalping and air density separation in one pass

Aqua MicroFeed System

  • Enables users to produce microfeed at 40% increased capacity
  • Optimized die can withstand higher pressure caused by smaller holes due to stronger construction, larger diameter and bigger open surface, and smart die base to create equal distribution of feed toward larger die

Magazine

Marketwatch: Jul, 03

US Corn Price Idx: ZCPAUS.CM

open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525

US Soybean Price Idx: ZSPAUS.CM

open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.0002
high: 9.0773
low: 8.5501
close: 8.6212

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.1033
high: 8.308
low: 7.749
close: 7.8078