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Form 8-K · Current Report · Filed 2024-07-10

ADM Appoints Monish Patolawala as Executive Vice President and Chief Financial Officer

Archer-Daniels-Midland Company (ADM) announced on July 10, 2024, the appointment of Monish Patolawala as its new Executive Vice President and Chief Financial Officer, effective August 1, 2024.

Filer
Archer-Daniels-Midland Co. ADM · NYSE
Filed
Accession
0001193125-24-177070
CIK
0000007084
Signal
High impactConsumer Defensive

Details

Patolawala succeeds Ismael Roig, who has been serving as Interim CFO since January 2024 and will continue in his roles as President of EMEA and President of Animal Nutrition. Patolawala, with over 25 years of experience in finance and technology leadership at companies like 3M and GE, will oversee Global Finance and Accounting, Global Business Services, Global Technology, and Enterprise Strategy at ADM.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CFO Appointed
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$63.13

Next session

+1.8%

Since filing

+25.6%

Latest close

$79.27

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ADM reporting the same item, with the next session's move:

Exhibits (2)

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.

Exchange NYSE Industry Farm Products Company website ↗

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