ADM Further Strengthens Board with New Nominee, Creation of Sustainability and Corporate Responsibility Committee
March 22 2019 - 6:45AM
Business Wire
Archer Daniels Midland Company (NYSE: ADM) today announced two
important strategic additions to its Board of Directors.
The Board of Directors has nominated Dr. Lei Zhang Schlitz to
stand for election to the board at the company’s upcoming Annual
Stockholders’ Meeting on May 1, 2019.
Dr. Schlitz has held a series of senior-level positions for
Illinois Tool Works Inc. (ITW), an innovative, diversified Fortune
200 manufacturing company with operations in 55 countries,
approximately 48,000 employees, and more than 18,000 current and
pending patents. Currently, she serves as executive vice president
of ITW’s Food Equipment segment, a $2.2 billion business that
designs and manufactures state-of-the-art commercial ovens,
dishwashers, refrigerators, food processing equipment, and
after-sales services for commercial food service and food retail
customers around the globe.
Daniel Shih, who has served as an ADM director since 2012, has
informed the board that he will not seek re-election at the annual
stockholders’ meeting.
“Lei Schlitz’s tremendous knowledge, experience and leadership
at a global manufacturing company will make her a strong addition
to our Board,” said Chairman and CEO Juan Luciano. “Lei offers
significant expertise in technology innovation, financial
discipline, strategy development, and manufacturing excellence —
all key elements as we continue to advance our strategy and growth
efforts around the globe. On behalf of the board and our entire
company, I’d like to thank Daniel for his service to ADM. We are a
better company today thanks to his leadership.”
The company also announced the creation of a new Board committee
on Sustainability and Corporate Responsibility. The committee,
which will be formally launched at the upcoming May 2019 Board
meeting and chaired by Board member Suzan Harrison, will set
strategic objectives, goals and strategies for the company’s
sustainability and corporate citizenship efforts.
“Our extensive social and environmental goals are integral to
our overall business goals, and thus deserving of the highest level
of guidance and leadership from our Board,” Luciano said. “Our
Board’s expertise and commitment to our corporate citizenship
values will ensure that they remain prioritized at the center of
our strategy.”
About ADM
For more than a century, the people of Archer Daniels Midland
Company (NYSE: ADM) have transformed crops into products that serve
the vital needs of a growing world. At the end of 2018, we were one
of the world’s largest agricultural processors and food ingredient
providers, with approximately 32,000 employees serving customers in
more than 170 countries. With a global value chain that includes
approximately 450 crop procurement locations, 270 food and feed
ingredient manufacturing facilities, 46 innovation centers and the
world’s premier crop transportation network, we connect the harvest
to the home, making products for food, animal feed, industrial and
energy uses. Learn more at www.adm.com.
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RelationsJackie Andersonmedia@adm.com312-634-8484
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