ADM Names Steven J. Cassady Vice President of Procurement
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced that it has named Steven J. Cassady, vice president, Procurement. In this newly created position, Cassady will oversee all ADM non-commodity purchasing functions and manage key supplier relationships. He will report to John Rice, executive vice president, Commercial and Production.
“This role reflects our Company’s strong commitment to leveraging economies of scale and our expertise in strategic planning and analysis to create incremental value for our stockholders and customers,” said Rice. “Steven has a strong track record of effectively managing global procurement functions for large multinational corporations. The knowledge and expertise he brings to ADM will be instrumental as we advance our procurement function.”
Most recently, Cassady was director of global procurement for Kohler Company. He has also held supply chain management positions for Lucent Technologies, and began his career as a senior project engineer with AT&T Corporation.
Cassady earned a Master of Business Administration in financial and international business from Columbia University, a master’s degree in industrial engineering from Purdue University and a bachelor’s degree in industrial engineering from the University of Illinois.
Every day, the 28,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2009, were $69 billion. For more information about our Company and our products, visit www.adm.com.
Archer Daniels Midland Company
ADM Media Relations, 217-424-5413