March 22, 2011

Archer Daniels Midland appoints new Chief Operating Officer

Archer Daniels Midland Company announced that Juan R. Luciano will join the company in the new role of Executive Vice President and Chief Operating Officer, effective April 12.

Luciano will lead the company's global operations and commercial activities. He will report to ADM's Office of the Chairman, which includes Chairman, CEO and President Patricia Woertz and Vice Chairman John Rice.

"This is a wonderful chance to join a company with unprecedented opportunities for growth," he said.

Luciano joins ADM from The Dow Chemical Company where he was an Executive Vice President of the company and President of the Performance Division.

"I am very pleased to have Juan join our senior executive team and partner with us as we grow the value, earnings and size of our company," said Woertz. "As our new COO, Juan will bring global manufacturing experience and a track record of operational excellence and profitable growth to accelerate our success. His extensive process and systems expertise will complement ADM's world-class commercial capabilities. He joins an exceptional team that continues its focus on delivering shareholder value as we serve vital needs for food and energy."

"This is a wonderful chance to join a company with unprecedented opportunities for growth," said Luciano. "From its unmatched global asset base to the deep experience and expertise of its people, ADM is extremely well positioned to capitalise on growing global demand for agricultural products. I look forward to joining my new colleagues and working with them to deliver profitable growth."

"Expanding our leadership team will allow John Rice to provide additional focus on our profitable growth strategy," Woertz said. "With his extensive global contacts in agricultural processing, he is uniquely qualified to execute global acquisitions and growth. As our Vice Chairman, he continues to provide his unmatched commercial perspective as we expand our sourcing, transportation and processing assets to serve growing markets."