ADM elects directors, declares dividend

by World Grain Staff
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DECATUR, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) announced on Nov. 1 at its 89th Annual Stockholders’ Meeting the election of its board of directors, including new director, Daniel Shih.
Shih is deputy chairman and executive director of Stella International Holdings Limited. Before he took his current role in May 2008, he held executive positions with PepsiCo (China) Ltd. and Motorola (China) Electronics Ltd.
“Daniel has particular expertise in business strategy and joint ventures,” said ADM Chairman and Chief Executive Officer Patricia Woertz. “In addition, his extensive experience in Asia will help ADM continue to advance our strategy in that important region.”
The board’s 11 incumbent directors were also re-elected. The directors re-elected are: Alan L. Boeckmann, George W. Buckley, Mollie Hale Carter, Terrell K. Crews, Pierre Dufour, Donald E. Felsinger, Antonio Maciel Neto, Patrick J. Moore, Thomas F. O’Neill, Kelvin R. Westbrook and Patricia A. Woertz.
In addition, ADM’s board of directors declared a cash dividend of 17.5¢ per share on the company’s common stock payable Dec. 6, to stockholders of record Nov. 15.
This is ADM’s 324th consecutive quarterly payment, a record of 81 years of uninterrupted dividends. As of Sept. 30,  there were 658,568,711 shares of ADM common stock outstanding.
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