CEO Patricia Woertz has been the chief executive officer of Archer-Daniels-Midland Co since 2006. She is 52 years old. Follow Ms. Woertz and Archer-Daniels-Midland Co in the news and blogs or share your own opinion about the company and...
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CEO Patricia Woertz has been the chief executive officer of Archer-Daniels-Midland Co since 2006. She is 52 years old. Follow Ms. Woertz and Archer-Daniels-Midland Co in the news and blogs or share your own opinion about the company and its leadership.
Archer Daniels Midland Co. said Tuesday that its first-quarter profit tumbled 53 percent as the global recession dragged down demand for crops and ethanol, but demand is improving in some key markets. CEO Patricia Woertz said sales improved from the first half of 2009, and the company was seeing some stronger demand as the U.S. economy pulls out of recession. "Earnings were significantly better than the second half of fiscal 2009," Woertz said in a statement. The company said it earned $496... Read Full Story
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium. The chief executives of DuPont and Archer Daniels Midland Co., two major players in international agriculture, and the agriculture secretary for the Netherlands spoke Wednesday, the first day of the conference in Des Moines. All three said demand for food worldwide will double by 2050 and... Read Full Story
The CEO of agribusiness leader Archer Daniels Midland Co. received compensation worth $14.9 million in fiscal 2009, a decrease of nearly 2 percent from the previous year, according to an Associated Press calculation of figures filed with regulators. Chief executive Patricia Woertz's base salary was virtually unchanged at $1.29 million, compared with $1.3 million the year before. Her bonus fell 33 percent to $2.04 million, from $3.04 million. That cut came during a tumultuous year for ADM... Read Full Story
Archer Daniels Midland says its fiscal fourth-quarter profit tumbled 83 percent as its results were pressured by higher corn costs, lower average selling prices and softer demand. The Decatur, Ill.-based agribusiness company earned $64 million, or 10 cents per share, compared with $372 million, or 58 cents per share, in the same period a year ago. Analysts forecast profit of 45 cents per share for the period ended June 30. Revenue fell 24 percent to $16.53 billion but beat Wall Street's... Read Full Story
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products primarily in the United States. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. Archer Daniels Midland is a dividend aristocrat as well as a component of the S&P 500 index. It has been increasing its dividends for the past 33 consecutive years. From the end of 1999 up until September 2008 this dividend stock has... Read Full Story
Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products primarily in the United States. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. Archer Daniels Midland is a dividend aristocrat as well as a component of the S&P 500 index. It has been increasing its dividends for the past 33 consecutive years. From the end of 1999 up until September 2008 this dividend stock has... Read Full Story
ConocoPhillips , the third-biggest U.S. oil company, and Archer Daniels Midland Co., the world's largest grain processor, agreed to collaborate on development of renewable fuels derived from biomass to boost alternative energy supplies. The alliance will research and try to commercialize conversion of biomass from crops, wood or prairie grass into transportation fuels, the companies said today in a statement. Annual research investment will be at least $5 million `` for many years, '' said... Read Full Story
Archer Daniels Midland Company (NYSE: ADM) will release financial results for its first quarter of fiscal year 2010 before the market opens on Tuesday, November 3, 2009. The Company will host a conference call and audio webcast at 8 a.m. Central Time to discuss financial results and provide a Company update. In addition, a financial summary slide presentation will be available to download approximately 60 minutes prior to the call. To listen to the call via the Internet or to download the... Read Full Story
Agribusiness company Archer Daniels Midland says its fiscal third-quarter profit tumbled 98 percent due to a steep drop in sales and one-time losses related to equity investments. The Decatur, Ill.-based company said Tuesday its profit fell to $8 million, or a penny per share, in the three months ended March 31. That's down from $517 million, or 80 cents per share, a year ago. It says the latest results included a loss of $229 million, or 36 cents per share, from equity investments... Read Full Story
Archer Daniels Midland (ADM) has filed a price-fixing lawsuit against the 5 major railroads. This could snowball.... The lawsuit filed Tuesday in federal court in Minneapolis names Union Pacific (UNP), BNSF (BNI), CSX (CSX), Norfolk Southern (NSC), and Kansas City Southern (KSU) as the conspirators. It accuses the five railroads of setting fuel surcharges by working through the Association of American Railroads, which publishes the indices used by railroads to calculate rates. AAR's board... Read Full Story
