Steven Mills has been named Senior Vice President-Strategic
Planning for Archer Daniels Midland Company. Mr. Mills will continue to
serve as a member of the Strategic Planning Committee and will report to
ADM CEO and President Patricia Woertz.
Mr. Mills joined ADM in 1979 and has 29 years of finance experience,
most recently serving as Group Vice President and Controller. In his new
role, Mr. Mills will be focused on strategic initiatives including
business development, merger and acquisition coordination, scorecard
development/alignment, and competitive intelligence analysis. ADM’s
Planning and Business Development group will report to Mr. Mills.
A certified public accountant, Mr. Mills received a Bachelor of Science
degree in mathematics from Illinois College.
John Stott has been appointed Vice President and Controller.
In this position, Mr. Stott will be responsible for all accounting
functions at ADM. Mr. Stott joined ADM in 1992 and has had a variety of
financial and treasury responsibilities both domestically and
internationally. He most recently served as Operations Controller. Mr.
Stott will report to Doug Schmalz, Senior Vice President and
Chief Financial Officer.
Mr. Stott, educated in England, is a Fellow member of the Association of
Chartered Certified Accountants and an Associate member of the
Association of Corporate Treasurers.
Also reporting to Doug Schmalz will be the Investor
Relations department. This move serves to streamline the Company’s
financial reporting processes and strengthen the Company’s investor
relations initiatives. Dwight Grimestad will continue
to serve as Vice President-Investor Relations, reporting to Mr. Schmalz.
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 26,000
employees, more than 240 processing plants and net sales for the fiscal
year ended June 30, 2006 of $37 billion. Additional information can be
found on ADM’s Web site at www.adm.com/.
ADM Media Relations