Archer-Daniels-Midland Announces Departure of Vikram Luthar

Details

As part of the Transition Agreement, Luthar will receive his annual cash performance incentive award for 2023 and shares from his 2021 performance share unit award. He will also be eligible for a prorated 2024 incentive payment and retirement treatment for his equity awards if he remains employed through July 1, 2024. The Agreement is subject to the terms and conditions specified within it.

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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.