ADM Announces Appointment of New Director, Declares Cash Dividend
February 02 2012 - 2:15PM
Business Wire
Archer Daniels Midland Company (NYSE: ADM) today announced that
Alan Boeckmann, retired chairman and chief executive officer of
Fluor Corporation, has been appointed to its Board of Directors and
will serve on the Board’s Nominating/Corporate Governance and
Compensation/Succession Committees. His appointment, which
increases the Board’s size to 11, is effective immediately.
Boeckmann served as the chief executive officer of Fluor
Corporation from 2002-2011 and as non-executive chairman of its
board of directors from 2011-2012. He is currently a director of
Sempra Energy. He previously served on ADM’s Board of Directors
from 2004-2008. He resigned from the ADM Board in 2008 because the
bylaws of Fluor Corporation limited his participation to two
external corporate boards at one time.
“We are pleased to welcome Alan back to ADM’s board,” said ADM
Chairman and CEO Patricia Woertz. “His expertise in emerging
markets, leadership experience and proven ability to drive
profitable growth make him an excellent addition, and I am certain
we will benefit from his strategic counsel.”
Cash Dividend Declared
ADM’s Board of Directors also declared a cash dividend of 17.5
cents per share on the company’s common stock payable March 8,
2012, to Stockholders of record Feb. 16, 2012.
This is ADM’s 321st consecutive quarterly payment, a record of
80 years of uninterrupted dividends. As of Dec. 31, 2011, there
were 661,546,590 shares of ADM common stock outstanding.
About ADM
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, 400 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.
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