Archer-Daniels-Midland Co.
Archer-Daniels-Midland Appoints Interim CFO and Approves Compensation
Summary
On March 18, 2024, Archer-Daniels-Midland Company (ADM) announced that Ismael Roig was appointed as Interim Chief Financial Officer, effective January 21, 2024. In connection with this appointment, ADM's Compensation and Succession Committee approved a cash stipend of $35,000 per month for Mr. Roig, in addition to his base salary, and a one-time grant of restricted stock units (RSUs) valued at $1,000,000 under the Company's 2020 Incentive Compensation Plan. The RSUs will vest in full on the one-year anniversary of the grant date, subject to Mr. Roig's continued service with the Company.
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About Archer-Daniels-Midland Co.
Archer-Daniels-Midland Co. is a global food processing and commodities trading corporation. Its primary function is to procure, transport, store, process, and merchandize a wide variety of agricultural products. Notably involved in the production of oilseeds, corn, wheat, and cocoa, the company plays a critical role in creating essentials like food and animal feed ingredients, renewable fuels, and other industrial products. Archer-Daniels-Midland impacts sectors such as agriculture, energy, and nutrition. Additionally, it emphasizes sustainable practices, focusing on responsible production and supply chain management. Established in 1902, the company has grown to become a significant player in the agricultural industry, with operations spanning over various continents, fortifying its market significance by ensuring food security and supporting energy alternatives like ethanol. Archer-Daniels-Midland serves a broad array of customers, including food manufacturers and industrial processors, by converting natural products into key ingredients and solutions, thus driving forward the global food supply chain.
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