Home > Investors > Shareholder Reports > 2010 Annual Report > Letter to Shareholders > Building Capacity to Grow, Change and Lead

Building Capacity to Grow, Change and Lead

Strengthening our company’s internal capacity to create value is an ongoing process. To focus our efforts on the internal areas where we have the opportunity to make significant improvement, we identified safety, cost-management, performance and sustainability as our key company priorities for 2010, and we worked diligently to make progress on each.

ADM’s cost-management initiatives helped reduce manufacturing costs by $233 million, and our sales, general and administrative expenses by $14 million, compared to fiscal 2009. In our performance priority, we increased participation in our pay-for-performance incentive program, which continues to provide for rewards almost entirely based upon companywide performance. We believe this structure fosters high levels of teamwork and outstanding overall outcomes. In sustainability, we committed to achieving a 10 percent improvement in energy efficiency between 2010 and 2015, completed a data-collection system for water consumption and discharge, and extended programs to improve the integrity of our soybean and cocoa supply chains. For safety, as we noted earlier, we continued to make progress on our path to zero incidents, zero injuries.

We also celebrated two notable milestones: We marked 85 years of trading on the New York Stock Exchange, a testament to our long legacy of success, and we were named the Most Admired Company in the food industry by Fortune magazine, an important step toward achieving our vision of being the most admired global agribusiness.

Once again in 2010, ADM succeeded in using our global asset base to capitalize on opportunities—and deliver strong returns—amid dynamic economic circumstances and market conditions. In the process, our colleagues demonstrated the agility and acumen they bring to the task of serving vital needs.


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