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Wednesday, May 11, 2016

11/05/2016: ADM elects directors at annual meeting, declares cash dividend

http://www.adm.com/en-US/Pages/default.aspx
Archer Daniels Midland Company today announced at its 93rd Annual Stockholders’ Meeting the election of its board of directors, including new director, Debra Sandler.

Ms Sandler most recently served as chief health and wellbeing officer at Mars, after serving there as chief consumer officer and president of Mars Chocolate North America. She also previously held senior leadership positions at Johnson & Johnson and PepsiCo.

“Debra’s extensive expertise in the consumer packaged goods will be an extremely valuable asset to ADM as we continue expanding and evolving in the food ingredient space,” said ADM Chairman and CEO Juan Luciano.

“We are pleased that Debra is joining our board of directors.”

The Board’s 11 incumbent directors were also re-elected. The directors re-elected are: Alan L Boeckmann, Mollie Hale Carter, Terrell K Crews, Pierre Dufour, Donald E Felsinger, Juan R Luciano, Antonio Maciel Neto, Patrick J Moore, Francisco Sanchez, Daniel Shih and Kelvin R Westbrook.

Cash dividend declared
In addition, ADM’s Board of Directors declared a cash dividend of 30 US cents per share on the company’s common stock payable June 8, 2016, to shareholders of record May 18, 2016. This is ADM’s 338th consecutive quarterly payment, a record of 84 years of uninterrupted dividends. As of March 31, 2016, there were 587,213,352 shares of ADM common stock outstanding.

Visit the ADM site HERE.

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