DECATUR, ILL. — Patricia Woertz, chairman, chief executive officer and president of Archer Daniels Midland Co., on Wednesday unveiled an organizational restructuring designed to enhance ADM’s operating efficiency and provide clearer lines of responsibility for long-term success. As part of the effort, ADM has created a single operations group, responsible for the company’s origination, merchandising, processing and marketing functions.
ADM said the reorganization will give about 30 individuals new reporting relationships or increased responsibilities, while eliminating several managerial positions.
"The reorganization represents the next step in our process to position ADM for continued success," Ms. Woertz said. "We have defined our longer-term strategy and areas of focus; now we are aligning our organization and leadership to execute our business plans."
John Rice, executive vice-president, has been given the additional role of leading the new Commercial & Production division. In his new post, he will be responsible for global origination, merchandising, processing and marketing across ADM’s major business units.
A 30-year veteran at ADM, Mr. Rice joined the company in 1976 as a tax accountant. From 1978 to 1993 he held positions in merchandising and merchandising management. In 1993, he was elected vice-president, and since then has held various senior management positions within the processing divisions, including president, North American Oilseeds and Food Oils, and senior vice-president, Global Corn Processing, BioProducts and Food. In February of 2005, he was elected executive vice-president with responsibility for Global Marketing and Risk Management.
Reporting to Mr. Rice in his new position will be Mark Zenuk, vice-president of Global Oilseeds; Mark Bemis, vice-president of Cocoa, Malt and Milling; Craig Huss, vice-president of Transportation and Grain; Kevin Moore, production vice-president of BioProducts and Industrials; and Gary Towne, manager of Global Risk.
David Smith, executive vice-president, secretary and general counsel, has added responsibility for Natural Health and Nutrition, Aviation and Internal Audit.
Mr. Smith has been in the ADM law department for more than 25 years, most recently with direct global responsibility for ADM’s legal affairs. He also oversees Corporate Security and Services, Insurance, and the Office of Compliance and Ethics.
Reporting to Mr. Smith will be Stu Funderburg, assistant general counsel.
Steve Mills, senior vice-president of Strategy Planning, has been put in charge of Specialty Food Ingredients, ADM Investor Services and Hickory Point Bank.
Mr. Mills joined ADM in 1979, and has held various senior treasury and accounting roles. He was named controller in 1994, and elected a vice-president in 2000. He was appointed group vice-president in 2002. Mr. Mills was named senior vice-president of Strategic Planning for ADM in 2006. In this role, he leads the company’s long- and short-term strategy setting process. He also is responsible for information technology, business development, merger and acquisition coordination, and competitive intelligence analysis.
Other reporting duties that have been reorganized include, Projects and Engineering, which will report jointly to Michael Pacheco, vice-president and chief technology officer, and Mr. Rice; and marketing communications, which will report to Victoria Podesta, vice-president of Corporate Communications.
Bill Camp, executive vice-president, will assume responsibility for Asia Strategy, while Lew Batchelder, senior vice-president, will relocate to Hamburg, Germany, as a member of the management board of Alfred C. Toepfer International G.m.b.H., a global commodity trading firm majority-owned by ADM.
"Installing a reporting structure that supports our business strategy is a vitally important move," Ms. Woertz said. "Equally important is the creation of an organization that provides development and growth opportunities for our future leaders. This will help ADM retain top talent and ensure our leaders are well prepared for the many, diverse challenges and opportunities our future will present."