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ADM Announces New CEO

By: Lisa Olivo

, Rodman Media

Juan R. Luciano has been named the next chief executive officer of the Chicago-based Archer Daniels Midland Company, effective Jan. 1, 2015. He was also elected to the company’s board of directors, effective immediately. Mr. Luciano currently serves as president and chief operating officer responsible for leading and running the company’s global operations.
 
He will succeed Patricia Woertz, who will continue in the role of ADM’s chairman of the board and is expected to retire in May 2016.
 
“I am honored to have the opportunity to lead our great company and team into the future,” Mr. Luciano said. “Under Pat’s leadership, we have made exceptional progress creating a high-performance, results-focused company. My commitment is to build on that success by accelerating our pace of progress. This is an exciting time, with tremendous opportunities, and all of us at ADM are committed to leveraging our core model to achieve new levels of value-creation. I look forward to working with my colleagues to extend our more than 100-year record of success.”

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