ADM combines Origination, Oilseed segments into new unit

CEO says move will significantly simplify and add efficiency to day-to-day business.

May 29, 2019

1 Min Read

Archer Daniels Midland Co. (ADM) announced May 29 that it is creating a new business unit called Ag Services & Oilseeds. The new unit, to be effective July 1, combines ADM’s Origination and Oilseed business operations into a single reporting structure.

The new business unit, ADM said, will be led by Greg Morris, formerly president of Oilseeds for ADM.

“ADM’s ability to provide value through the entire supply chain – from origination to processing to transportation to ingredients and solutions – is what sets us apart from others in the industry,” ADM chairman and chief executive officer Juan Luciano said. “Bringing the unparalleled strength of our global origination, global trade and destination marketing businesses and our transportation network together with our leadership in oilseeds processing and value-added product mix is a natural evolution. This helps us better integrate the supply and value chains to deliver significant simplification and efficiency to the day-to-day business.”

He continued, “I am personally committed to the strategic value that simplification can bring to our organization and feel our ability to accelerate purposeful value creation within ADM has never been greater.”

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