ADM appoints new president of investor services

Archer Daniels Midland Company (ADM) announced that Thomas Kadlec will succeed Richard Dodson as president of ADM Investor Services (ADMIS), the company's wholly owned CBOT  headquartered commodity futures brokerage subsidiary, on March 1.

The appointment is expected to provide ADMIS a seamless transition from Dodson's leadership, said Mark Bemis, president, ADM Cocoa, Milling and Financial Services.

Kadlec has been chief financial officer and controller of ADMIS since 1990 and was promoted to senior vice-president in 2007. He also has served as president of ADM Derivatives, Inc., which merged with ADMIS in January 2009, and as chief financial officer of ADM Securities, Inc. He currently serves on the management boards of both ADMIS and ADMIS International Limited.

Kadlec began his career as an auditor at the Chicago Mercantile Exchange in 1981 and held senior-level financial positions at two Chicago-based trading and investment firms before joining ADMIS. He holds a bachelor's degree in business administration from the University of Iowa and is licensed as a General Securities Representative, a General Securities Principal and a Financial and Operations Principal by the Financial Industry Regulatory Authority, the largest independent regulator for securities firms doing business in the US.