Michael A. Pacheco will join Archer Daniels Midland Company (NYSE: ADM)
as Chief Technology Officer and a member of the Strategic Planning
Committee, effective June 4, 2007. Pacheco will report to Chairman and
CEO Patricia Woertz.
Pacheco joins ADM from the National Renewable Energy Laboratory (NREL)
where he has served as Director of the Department of Energy’s National
Bioenergy Center since 2003. The National Bioenergy Center conducts
research to develop technology to make fuels, power and chemicals from
biomass, with an annual budget of more than $30 million dollars.
As Chief Technology Officer, Michael will focus on building ADM’s
leadership in BioEnergy and the agribusiness value chain by advancing
the development of processing, food and fuel technologies. Tom Binder,
ADM President, Research will report to Pacheco.
“Michael Pacheco brings to ADM exceptional expertise in research and
development, as well as in the commercialization of promising
technologies. He has extensive experience leading large-scale
partnerships and cross-functional teams charged with planning new
investments and developing strategy and new product lines. His
leadership will be particularly important as we advance our ability to
identify and develop the most practical and promising BioEnergy
solutions,” said Woertz
Under Pacheco’s leadership, the DOE’s National Bioenergy Center,
together with the United States Department of Agriculture, completed the
seminal “Billion Ton Study” which identified the ability of biomass
resources to play a major role in meeting U.S. transportation fuel
needs. Pacheco was also instrumental in the establishment of significant
cooperative research and development agreements.
From 1999-2003, Pacheco worked for Louisiana-Pacific Corporation. He
began as a Research Fellow and later was responsible for product quality
management and technology transfer to manufacturing. From 1997-1999, he
was Vice President, Process Development for Energy Biosystems
Corporation, charged with commercializing the process to remove sulfur
from diesel fuel.
Previously, Pacheco worked with Amoco Corporation for 13 years, with
management responsibilities that included technology development and
implementation in: hydroprocessing and catalytic cracking, catalytic
reforming, isomerization and aromatics recovery, polygasoline and
alkylation, and oxygenates.
Pacheco received a Ph.D. in chemical engineering from the University of
California in Berkley and a Bachelor of Science degree in chemical
engineering from Clarkson University.
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 http://www.adm.com/.
ADM Media Relations