It’s succession plan time at Archer Daniels Midland, the “Resourceful By Nature” people.
Paul B. Mulhollem, President and Chief Operating Officer, announced his decision (yesterday) to retire from the Company, effective immediately. G. Allen Andreas, Chairman of the Board of Directors and Chief Executive Officer of ADM, will temporarily assume the duties of President and COO.
“Mr. Mulhollem’s contributions to the Company in his various assignments over his years with ADM are significant,” said Mr. Andreas. “Paul’s insight and acumen will be missed. During his tenure, Paul worked closely with me in expanding our global reach and building a solid foundation for the continued growth and success of ADM. On both a personal and professional level, Paul’s contributions are appreciated by all of us at ADM.”
“In retiring from ADM, I am leaving behind a great company and many friends and colleagues,” said Mr. Mulhollem. “I wish them and the Company continued success in the future.”