ADM Elects Directors at Annual Meeting, Declares Cash Dividend
May 01 2019 - 11:00AM
Business Wire
- New director Dr. Lei Zhang Schlitz
elected
Archer Daniels Midland Company (NYSE: ADM) today announced at
its 96th Annual Stockholders’ Meeting the election of its board of
directors, including new director Dr. Lei Zhang Schlitz.
Dr. Schlitz has held a series of senior-level positions for
Illinois Tool Works Inc. (ITW), an innovative, diversified Fortune
200 manufacturing company with operations in 55 countries,
approximately 48,000 employees, and more than 18,000 current and
pending patents. Currently, she serves as executive vice president
of ITW’s Food Equipment segment, a $2.2 billion business that
designs and manufactures state-of-the-art commercial ovens,
dishwashers, refrigerators, food processing equipment, and
after-sales services for commercial food service and food retail
customers around the globe.
Eleven incumbent directors were also re-elected, including: Alan
L. Boeckmann, Michael S. Burke, Terrell K. Crews, Pierre Dufour,
Donald E. Felsinger, Suzan F. Harrison, Juan R. Luciano, Patrick J.
Moore, Francisco J. Sanchez, Debra A. Sandler and Kelvin R.
Westbrook.
Cash Dividend Declared
In addition, ADM’s Board of Directors declared a cash dividend
of 35.0 cents per share on the company’s common stock payable June
5, 2019, to shareholders of record on May 15, 2019. This is ADM’s
350th consecutive quarterly payment, a record of 87 years of
uninterrupted dividends. As of March 31, 2019, there were
560,102,754 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
the vital needs of a growing world. Today, we’re one of the world’s
largest agricultural processors and food ingredient providers, with
approximately 40,000 employees serving customers in nearly 200
countries. With a global value chain that includes approximately
450 crop procurement locations, more than 330 food and feed
ingredient manufacturing facilities, 62 innovation centers and the
world’s premier crop transportation network, we connect the harvest
to the home, making products for food, animal feed, industrial and
energy uses. Learn more at www.adm.com.
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Archer Daniels Midland CompanyMedia
RelationsJackie Andersonmedia@adm.com312-634-8484
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