Dwayne Andreas stepping down from ADM board

by Emily Wilson
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Archer Daniels Midland Co. has proposed changes to its board of directors and for the first time in more than 30 years, the slate does not include Dwayne O. Andreas, chairman emeritus and the man principally responsible for building the company into the world’s largest processor of wheat, soybeans, corn and cocoa.

The slate of directors will be recommended by the current board for election at the ADM annual meeting scheduled for Nov. 1.

To be nominated for additional one-year terms will be Mollie Hale Carter, chairman, Sunflower Bank; Herman De Boon, chief executive officer of Royal Cebeco Group, an international agri-food cooperative; David Mimran, chief executive officer of Groupe Mimran and president of Eurafrique, Sometra and Cavpa (international grain trading companies); M. Brian Mulroney, former prime minister of Canada; J. K. Vanier, chief executive officer, Western Star Ag. Resources, Inc.; O. Glenn Webb, former chairman and president of Growmark, Inc.; Andrew Young, former U.S. ambassador to the United Nations; and G. Allen Andreas, ADM chairman and chief executive officer.

Newly recommended candidates Sandra Andreas McMurtrie, the daughter of Dwayne O. Andreas, and Roger S. Joslin, vice-chairman of State Farm Mutual Automobile Insurance Co., complete a slate of 10 directors, four less than the current board of 14.

Retiring from the board along with Dwayne O. Andreas are John R. Block, former U.S. Secretary of Agriculture; Richard R. Burt, former U.S. ambassador to Germany; Gaylord O. Coan, former chief executive officer of Gold Kist, Inc.; H. Ross Johnson, former chief executive officer of RJR Nabisco; and Robert S. Strauss, former U.S. Ambassador to the Soviet Union.