DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced at its 91st
Annual Stockholders’ Meeting the election of its board of directors,
including new director Francisco Sanchez.
Sanchez is senior managing director at Pt Capital, a private equity firm
focused on responsible investments in the Arctic. He is also the founder
and chairman of the board of CNS Global Consulting, a firm focused on
international trade and investment. Sanchez served as the undersecretary
for international trade at the U.S. Department of Commerce from 2010 to
“Francisco brings substantial experience in public policy, international
trade and international investment to our Board,” said ADM Chairman and
CEO Patricia Woertz. “His expertise will help ADM continue to grow our
business outside the U.S.”
The Board’s 11 incumbent directors were also re-elected. The directors
re-elected are: Alan L. Boeckmann, Mollie Hale Carter, Terrell K. Crews,
Pierre Dufour, Donald E. Felsinger, Antonio Maciel Neto, Patrick J.
Moore, Thomas F. O’Neill, Daniel Shih, Kelvin R. Westbrook and Patricia
Cash Dividend Declared
In addition, ADM’s Board of Directors declared a cash dividend of 24.0
cents per share on the company’s common stock payable June 5, 2014, to
Stockholders of record May 15, 2014.
This is ADM’s 330th consecutive quarterly payment, a record
of 82 years of uninterrupted dividends. As of March 31, 2014, there were
654,892,520 shares of ADM common stock outstanding.
New Human Rights Statement Announced
At the meeting, Woertz also announced ADM’s adoption of a global
statement on Respect for Human Rights —developed in consultation with
the New Jersey-based Tri-State Coalition for Responsible Investment. The
statement outlines ADM’s commitment to fair labor standards, land-tenure
rights, ethical recruitment and other fundamental protections and
applies to the company and its suppliers. The statement is viewable at http://www.adm.com/en-US/company/Documents/HumanRights.pdf.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 31,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 270 processing plants, 470 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
Jackie Anderson, 217-424-5413