ADM Announces Election of New Board Member, Declares Dividend
August 03 2022 - 05:15PM
Business Wire
Former Corteva CEO Jim Collins to join Board of Directors,
Further Deepening Strategic and Sustainability Leadership and
Experience
ADM (NYSE: ADM), a global leader in sustainable agriculture and
nutrition, today announced that its Board of Directors has elected
Jim Collins, former CEO of Corteva, to the Board.
“Our Board’s deep and diverse experience and leadership have
been critical as we’ve transformed ADM into a global leader meeting
growing needs in food security, health and well-being, and
sustainability,” said Chairman and CEO Juan Luciano. “Jim will make
a tremendous addition to that team. He brings to ADM a wealth of
expertise in innovation and global agriculture, a strong commitment
to diversity and inclusion, and a keen understanding of how to
support farmers as we work together to improve the sustainability
of our agriculture and nutrition value chains. His experience
leading a global Fortune 200 company will make him a valuable
partner as we continue to build a better ADM and align our
portfolio to meet needs in growing global trend areas.”
From 2019 to 2021, Collins was CEO and a member of the board of
Corteva Agriscience, a Fortune 200 agricultural and seed company
with 22,000 employees around the globe. During that time, he
spearheaded a comprehensive array of initiatives to enhance
sustainability, with a strong focus on helping farmers lead with
new practices and innovations. Prior to that, he served in a
variety of leadership positions in the agriculture business at
Corteva’s predecessors, DowDuPont and DuPont.
Collins served on the board of CropLife International, the
advisory board for the University of Delaware’s Alfred Lerner
College of Business & Economics, and the board of trustees of
the Hagley Museum and Library. He also was a member of the US China
Business Council, and the Business Roundtable, where he served on
the Special Committee on Equity and Racial Justice and the Climate
Policy and Trade Committees. He currently serves on the University
of Tennessee Lone Oaks Farm Advisory Council and the Board of
Trustees of Longwood Botanical Gardens.
Cash Dividend Declared
In addition, ADM’s Board of Directors declared a cash dividend
of 40.0 cents per share on the company’s common stock. The dividend
is payable on Sept. 7, 2022, to shareholders of record on Aug. 17,
2022. This is ADM’s 363rd consecutive quarterly payment, a record
of more than 90 years of uninterrupted dividends. As of June 30,
2022, there were 560,558,773 shares of ADM common stock
outstanding.
About ADM
ADM unlocks the power of nature to enrich the quality of life.
We’re a premier global human and animal nutrition company,
delivering solutions today with an eye to the future. We’re blazing
new trails in health and well-being as our scientists develop
groundbreaking products to support healthier living. We’re a
cutting-edge innovator leading the way to a new future of
plant-based consumer and industrial solutions to replace
petroleum-based products. We’re an unmatched agricultural supply
chain manager and processor, providing food security by connecting
local needs with global capabilities. And we’re a leader in
sustainability, scaling across entire value chains to help
decarbonize our industry and safeguard our planet. From the seed of
the idea to the outcome of the solution, we give customers an edge
in solving the nutritional and sustainability challenges of today
and tomorrow. Learn more at www.adm.com.
Source: Corporate release Source: ADM
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version on businesswire.com: https://www.businesswire.com/news/home/20220803005657/en/
Jackie Anderson media@adm.com 312-634-8484
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