ADM appoints director, declares cash dividend

by World Grain Staff
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DECATUR, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) announced on May 5 that Terrell K. Crews, retired chief financial officer of Monsanto Company, has been appointed to its board of directors and to the board’s audit committee.

“I’m confident that Terry’s deep global agribusiness experience and demonstrated success at helping to deliver outstanding shareholder value will enable him to make valuable contributions to our board,” said ADM Chairman, Chief Executive Officer (CEO) and President Patricia A. Woertz.

Crews retired from Monsanto in November 2009 following a 32-year tenure with the company that culminated in nearly a decade of service as its executive vice-president and chief financial officer. Crews also served as CEO of Monsanto’s vegetable division from August 2008 until his retirement.

Earlier, he was the global finance lead for Monsanto’s Global Seed Group, where he oversaw the financial integration of 11 acquired seed companies. And in 1997, he was appointed the company’s general auditor following assignments as controller for Latin America and as chief financial officer of Monsanto’s Asia-Pacific operations.

He holds a bachelor’s degree in accounting from Freed-Hardeman University and a master’s degree in management from the Kellogg School of Management at Northwestern University.

ADM’s board of directors also declared a cash dividend of 16¢ per share on the company’s stock payable on June 9, to stockholders of record on May 19.

This is ADM’s 318th consecutive quarterly payment, a record of 79 years of uninterrupted dividends. As of March 31, there were 637,739,915 shares of ADM stock outstanding.
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