21 August 2013 21:25 [Source: ICIS news]
HOUSTON (ICIS)--Archer Daniels Midland (ADM) assigned new duties to one of its executives and assigned a new role to a second, the company said on Wednesday.
Joseph Taets, president of the company's agricultural services unit, will now start overseeing strategy and growth for ADM's business lines in Europe, Africa and India. Taets will move to ADM's European headquarters in Rolle, Switzerland.
“With the pending acquisition of GrainCorp, and the recent growth of our crop origination and processing assets in eastern Europe, embedding senior leadership in the region will assure we fully leverage the earnings power of our growing network,” said Juan Luciano, ADM chief operating officer. “Joe is ideally suited for this position, with his current responsibilities for crop origination and transportation activity in more than 75 countries, combined with his previous experience managing ADM’s European oilseeds operations.”
In addition, Brent Fenton will move to a new role as president of ADM Animal Nutrition.
ADM Animal Nutrition will combine the company's specialty feed business with ADM Alliance Nutrition, which produces livestock-feed ingredients.
“With Brent’s strong commercial orientation, and his experience managing our European oilseeds business, he is well suited to improve returns by developing higher-value, higher-margin product opportunities and delivering synergies in the combined specialty feed businesses,” Luciano said.
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