DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced management
“Consistent with our commitment to improve returns, we are assigning
leaders to build productivity and earnings power in key areas of
opportunity,” said Juan Luciano, ADM executive vice president and chief
Joseph Taets, senior vice president and president of the Agricultural
Services business unit, will take on additional responsibility for
strategy and growth activity across ADM’s business lines in Europe,
Africa and India. Taets will relocate to the company’s European
headquarters in Rolle, Switzerland.
“With the pending acquisition of GrainCorp, and the recent growth of our
crop origination and processing assets in Eastern Europe, embedding
senior leadership in the region will assure we fully leverage the
earnings power of our growing network,” said Luciano. “Joe is ideally
suited for this position, with his current responsibilities for crop
origination and transportation activity in more than 75 countries,
combined with his previous experience managing ADM’s European oilseeds
Brent Fenton will move to a new role as president, ADM Animal Nutrition,
based in Decatur. ADM Animal Nutrition will bring together ADM’s
specialty feed business—which supplies the livestock and aquaculture
industries with amino acid-based feed ingredients—with ADM Alliance
Nutrition, Inc., a wholly owned subsidiary of ADM and a leading producer
of livestock feed ingredients.
“With Brent’s strong commercial orientation, and his experience managing
our European oilseeds business, he is well suited to improve returns by
developing higher-value, higher-margin product opportunities and
delivering synergies in the combined specialty feed businesses,” Luciano
Joe Taets is senior vice president and president of Archer Daniels
Midland Company’s Agricultural Services business unit and also has
responsibility for strategy and growth activity across business lines in
Europe, Africa and India. He is an officer of the corporation, and a
member of the company’s Global Operating Committee.
As president of Agricultural Services, Taets is responsible for the
commercial activities and operations of the company’s agricultural
origination and transportation network—which spans more than 75
countries—as well as the company’s wheat milling and rice businesses.
Previously, he was president of ADM’s grain group, with responsibility
for the company’s U.S. and export grain businesses, grain-merchandising
operations, destination-marketing business, and ocean freight and vessel
operations. Earlier, he was managing director of the company’s European
Oilseeds operations. He joined ADM in 1988.
Taets serves on the boards of the North American Export Grain
Association, Golden Peanut Company, ADM Grain River System Inc. and
Kalama Export, an ADM joint venture. He also represents ADM on boards in
Argentina, the Dominican Republic, Guatemala, Holland, Mexico, Panama
He holds a bachelor’s degree from Iowa State University and an MBA from
Drake University in Des Moines, Iowa.
Brent Fenton is president, ADM Animal Nutrition, with responsibility for
ADM’s specialty and value-added feed business, serving the livestock and
Previously, he served as president of European operations, where he was
responsible for setting strategy and coordinating growth activity across
all ADM business lines in the region as well as managing the company’s
European oilseeds business. He joined ADM in 1992.
Fenton received a bachelor’s degree in agriculture and agricultural
economics from the University of Saskatchewan in Saskatoon,
Saskatchewan, Canada. He sits on the board of ADM Hamburg AG and FEDIOL,
the federation representing the European vegetable oil and protein meal
industry in Europe.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 265 processing plants, 460 crop procurement
facilities, and the world’s premier crop transportation network, ADM
helps connect the harvest to the home in more than 140 countries. For
more information about ADM and its products, visit www.adm.com.
Archer Daniels Midland Company
David Weintraub, 217-424-5413