DECATUR, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) announced on Dec. 16 appointments in its finance department, effective Jan. 1, 2012.

Vikram Luthar has been named group vice-president, finance. In this role, he will have oversight responsibilities for the company’s treasury, credit, and business planning and development functions. He will also provide leadership on corporate strategic growth initiatives. Luthar joined ADM in 2004 as vice-president and treasurer. Luthar received a bachelor’s of technology degree in aerospace engineering from the Indian Institute of Technology and a master’s of business administration degree from the Wharton School of Business, University of Pennsylvania.

Douglas R. Ostermann has been named vice-president and treasurer, and a corporate officer of the company. In this role, he will be responsible for ADM’s global treasury management and operations. Ostermann joined ADM in 2004 and previously served as assistant treasurer for the company. He received a bachelor’s of science degree in business administration and finance, and a master’s of business administration degree from Olin Business School, Washington University.