DECATUR, Ill.Archer Daniels Midland Company (ADM) has named Juan R. Luciano to president, effective immediately. Luciano assumes the role in addition to his position as chief operating officer where he oversees the commercial and production activities of ADMs corn, oilseeds, and agricultural services businesses, as well as its research, project-management and risk-management functions.
Todays appointment recognizes the excellent results Juan has achieved over the last three years as he has focused the ADM team on improved returns and laid the groundwork for enhanced earnings power," ADM Chairman and CEO Patricia A. Woertz said. He has energized the organization around improvements in costs, cash and capital, and has brought both discipline and vision to ADMs global strategy for profitable growth. On behalf of all our colleagues throughout ADM, I want to congratulate Juan on this well-earned promotion. I am confident that, in partnership with our colleagues, he will continue to create greater value for ADMs shareholders and employees."
Luciano joined ADM in April 2011, following a successful 25-year tenure at The Dow Chemical Company, where he last served as executive vice president and president of the performance division. He is a national trustee of the Boys & Girls Clubs of America Midwest region and holds an industrial engineering degree from the Buenos Aires Institute of Technology.
In December 2013, ADM announced it would be moving its global headquarters and customer care center from Decatur to Chicago. The Decatur office will be designated the companys North American headquarters.