New CFO at BioEnergy Giant, ADM
Archer Daniels Midland Company has announced today that Steven R. Mills, currently senior vice president, Strategic Planning, will become executive vice president and chief financial officer, succeeding Douglas Schmalz, who will retire from the Company after more than 23 years of service. Mills will assume his new role on March 1.
Mills will lead ADM’s worldwide finance organization and will have responsibility for Finance, Accounting, Strategic Planning, Treasury, Tax, Information Technology, Specialty Food Ingredients, ADM Investor Services, Hickory Point Bank and Investor Relations. He will continue to report to Woertz and serve on the Company’s Strategic Planning Committee.
About Mills
Steve Mills joined ADM in 1979 and served in senior treasury and accounting roles prior to being named controller in 1994. He was elected a vice president in 2000 and was named group vice president in 2002. In 2006, he was named senior vice president, Strategic Planning with responsibility for the Company’s long- and short-term strategy process in addition to its information technology, business development, merger and acquisition coordination, and competitive intelligence analysis. Mills graduated in 1977 from Illinois College with a bachelor’s degree in mathematics. In 1980, he earned the designation of Certified Public Accountant. He is professionally affiliated with the American Institute of Certified Public Accountants, the Illinois CPA Society, Financial Executives International and the Institute of Management Accountants. He serves on the board of directors of Kirby Hospital in Monticello, Illinois, and the Board of Trustees of Illinois College in Jacksonville, Illinois.
About ADM
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2007 of $44 billion. Additional information can be found on ADM’s Web site at http://www.admworld.com/.