CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced two important
strategic additions to its Board of Directors.
“Lei Schlitz’s tremendous knowledge, experience and leadership at a
global manufacturing company will make her a strong addition to our
Board”
The Board of Directors has nominated Dr. Lei Zhang Schlitz to stand for
election to the board at the company’s upcoming Annual Stockholders’
Meeting on May 1, 2019.
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.
Daniel Shih, who has served as an ADM director since 2012, has informed
the board that he will not seek re-election at the annual stockholders’
meeting.
“Lei Schlitz’s tremendous knowledge, experience and leadership at a
global manufacturing company will make her a strong addition to our
Board,” said Chairman and CEO Juan Luciano. “Lei offers significant
expertise in technology innovation, financial discipline, strategy
development, and manufacturing excellence — all key elements as we
continue to advance our strategy and growth efforts around the globe. On
behalf of the board and our entire company, I’d like to thank Daniel for
his service to ADM. We are a better company today thanks to his
leadership.”
The company also announced the creation of a new Board committee on
Sustainability and Corporate Responsibility. The committee, which will
be formally launched at the upcoming May 2019 Board meeting and chaired
by Board member Suzan Harrison, will set strategic objectives, goals and
strategies for the company’s sustainability and corporate citizenship
efforts.
“Our extensive social and environmental goals are integral to our
overall business goals, and thus deserving of the highest level of
guidance and leadership from our Board,” Luciano said. “Our Board’s
expertise and commitment to our corporate citizenship values will ensure
that they remain prioritized at the center of our strategy.”
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. At the end of 2018, we were one of the world’s
largest agricultural processors and food ingredient providers, with
approximately 32,000 employees serving customers in more than 170
countries. With a global value chain that includes approximately 450
crop procurement locations, 270 food and feed ingredient manufacturing
facilities, 46 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.
