Archer Daniels Midland Company Names Juan R. Luciano New Chief Operating Officer
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced that Juan R. Luciano will join the company in the new role of Executive Vice President and Chief Operating Officer, effective April 12. Luciano will lead the company’s global operations and commercial activities. He will report to ADM’s Office of the Chairman, which includes Chairman, CEO and President Patricia Woertz and Vice Chairman John Rice.
Luciano joins ADM from The Dow Chemical Company where he was an Executive Vice President of the company and President of the Performance Division.
“I am very pleased to have Juan join our senior executive team and partner with us as we grow the value, earnings and size of our company,” said Woertz. “As our new COO, Juan will bring global manufacturing experience and a track record of operational excellence and profitable growth to accelerate our success. His extensive process and systems expertise will complement ADM’s world-class commercial capabilities. He joins an exceptional team that continues its focus on delivering shareholder value as we serve vital needs for food and energy.”
“This is a wonderful chance to join a company with unprecedented opportunities for growth,” said Luciano. “From its unmatched global asset base to the deep experience and expertise of its people, ADM is extremely well positioned to capitalize on growing global demand for agricultural products. I look forward to joining my new colleagues and working with them to deliver profitable growth.”
“Expanding our leadership team will allow John Rice to provide additional focus on our profitable growth strategy,” Woertz said. “With his extensive global contacts in agricultural processing, he is uniquely qualified to execute global acquisitions and growth. As our Vice Chairman, he continues to provide his unmatched commercial perspective as we expand our sourcing, transportation and processing assets to serve growing markets.”
Juan Luciano is ADM’s Executive Vice President and Chief Operating Officer, effective April 12, 2011. He will serve on the company’s Strategic Planning Committee and report to ADM’s Chairman, President and CEO Patricia Woertz and Vice Chairman John Rice.
Luciano joins ADM from The Dow Chemical Company where he served as Executive Vice President and President, Performance Division. He was a member of Dow’s Executive Leadership Committee, Strategy Board and Management Committee.
He oversaw several global businesses in the hydrocarbons and energy field, including polymers, olefins, aromatics and plastics. He managed a portfolio of companies that encompassed 29 countries and a global workforce of more than 8,000, with additional responsibilities for 10 joint venture companies with manufacturing locations in Kuwait, Argentina, Thailand, Japan, South Korea and the United States. As President, Performance Division he led a business with a strong innovation focus, with revenues of more than $16 billion, doing business in 50 countries.
Luciano is a National Trustee in the Midwest region for the Boys & Girls Clubs of America and holds a degree in industrial engineering from the Buenos Aires Institute of Technology.
Every day, the 29,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 240 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, 2010, were $62 billion. For more information about our company and our products, visit www.adm.com.
Archer Daniels Midland Company
ADM Media Relations, 217-424-5413