Archer Daniels Midland Company (NYSE: ADM) announced today at its 84th
Annual Shareholders’ Meeting that the eight incumbent directors were
re-elected to its Board. The directors re-elected are: Alan L.
Boeckmann, Mollie Hale Carter, Antonio Maciel Neto, Patrick J. Moore, M.
Brian Mulroney, Thomas F. O’Neill, Kelvin R. Westbrook and Patricia A.
Roger S. Joslin and O. Glenn Webb did not stand for re-election pursuant
to the Company’s corporate governance guidelines.
Dr. Victoria Haynes Elected to Board
In addition, Dr. Victoria Haynes was elected a director, effective today.
Dr. Haynes is chief executive officer and president of RTI
International, one of the world’s leading research institutes dedicated
to improving the human condition by turning knowledge into practice. RTI
offers innovative research and technical solutions to governments and
businesses worldwide in the areas of health and pharmaceuticals,
education and training, surveys and statistics, advanced technology,
democratic governance, economic and social development, energy, and the
“With experience managing organizations focused on innovation and
technology, Victoria brings insight that will make her a valuable
contributor to the ADM Board as the Company expands its leadership
position in agricultural processing and BioEnergy,” said Chairman
Dr. Haynes has expertise in strategic business alignment and management
of technology resources, the identification, evaluation and
commercialization of emerging technologies for significant new business
opportunities, and the development of science and technology in
multidisciplinary organizations directed toward complex problems.
Dr. Haynes received a doctorate degree in physical/organic chemistry and
a master’s degree in college teaching from Boston University, and a
bachelor’s degree in chemistry from the University of California,
Berkeley. She is a member of the Board of Directors of Nucor
Corporation, PPG Industries and Ziptronix. She also serves on advisory
boards and committees for a number of universities and the federal
Cash Dividend Declared
The Board of Directors of ADM also declared a cash dividend of 11.5
cents per share on the Company’s stock payable December 6, 2007, to
Shareholders of record November 23, 2007. This is ADM’s 304th
consecutive quarterly payment, a record of 76 years of uninterrupted
dividends. As of September 30, 2007, there were 642,708,945 shares of
ADM stock outstanding.
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.adm.com.
ADM Media Relations