ADM Announces Management Changes
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced two management appointments.
Gary Towne has been named vice president, ADM Corn Processing. Towne previously served as chairman of the Management Board of Alfred C. Toepfer International G.m.b.H. (ACTI), a global grain merchandising company of which ADM owns 80 percent.
Domingo Lastra, previously vice president, Business Growth for ADM, has been named chairman of the Management Board of ACTI. Lastra also previously served as president, ADM South America.
Both appointments are effective Nov. 5, 2012.
Gary Towne, vice president, Corn Processing, joined ADM in 1997. Most recently, he served as chairman of the Management Board of ACTI where he was responsible for leading the ACTI organization. Prior to that, Towne served as ADM’s manager, Global Risk and Ethanol. He received a bachelor’s degree in accounting from Indiana University.
Domingo Lastra is chairman of the Management Board of ACTI. He previously served as ADM’s vice president, Business Growth, with responsibility for pursuing profitable growth for the company. Since joining ADM in 1994, Lastra has held a range of merchandising, operations and logistics management roles including president, ADM South America. He received a bachelor’s degree in agricultural engineering from the University of Belgrano in Argentina and a master’s degree in agricultural economics from the University of Illinois.
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 270 processing plants, 420 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 160 countries. For more information about ADM and its products, visit www.adm.com.
Founded in 1919, Alfred C. Toepfer International G.m.b.H. (ACTI) is a global merchandising company. ACTI is headquartered in Hamburg, Germany, with 36 branch offices around the world. More than 2,000 employees trade more than 42 million tons of commodities annually. Archer Daniels Midland Company originally invested in ACTI in 1983, and today owns 80 percent of the company, with the remaining 20 percent owned by French farming cooperative Union InVivo. Learn more at www.acti.de.
Archer Daniels Midland Company
Jackie Anderson, 217-424-5413