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Written by Giles Clark, London
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Friday, 24 August 2007 |
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Archer Daniels Midland Company (NYSE: ADM) has announced an organizational restructure of the company. The reshuffle, says the company, is designed to enhance ADM’s operating efficiency and provide clearer lines of responsibility for long-term success. The reorganization creates a single operations group, responsible for the Company’s origination, merchandising, processing and marketing functions.
“The reorganization represents the next step in our process to position ADM for continued success. We have defined our longer-term strategy and areas of focus; now we are aligning our organization and leadership to execute our business plans,” said Patricia Woertz, ADM's chairman, chief executive officer and president .
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