USA: ADM announces restructuring of food and bioproducts divisions
"This new alignment will enable us to capitalize more effectively on the opportunities in each of these three important product areas," said ADM President John McNamara. "Now, we have focused efforts in all three sectors, with strong leadership and well-aligned global strategies. We've brought the right people together with the right assets, and it's going to make a difference in the way they operate and add value to our customers."
Tony P. DeLio has been named President, ADM Natural Health and Nutrition, which includes the business units of nutraceuticals, functional foods and ingredients. Tony will be responsible for the management of the Company's functional food products, ingredients and supplements such as Vitamins E and C, Novasoy® isoflavones, sterols and DAG oil. ADM Natural Health and Nutrition will also include former Protein Specialties branded products NutriSoy,® Soy 7(TM), Haldane Foods and analogue products.
Tony joined the Company in 1999 and has over twenty-two years experience in the consumer foods business and in the development and market placement of new products.
Tony, 45, received a Bachelor of Science degree in chemical engineering from Rensselear Polytechnic Institute in 1978. He is married and has two children.
Scott B. Fredericksen has been named President, ADM Specialty Ingredients, which includes the business units of proteins, specialty fats and emulsifiers and food additives. Scott will be responsible for the management of products such as soy protein concentrates and isolates, lecithins, citric acid, sorbitol, xanthan gum, dehydrated beans, pasta and hydroponics/aquaculture.
Scott joined the Company in 1983 and has held various merchandising and management positions within the North American Soybean Division. Most recently, he served as Senior Vice President, ADM Protein Specialties Division.
Scott, 39, received a Bachelor of Science degree in business administration from Mankato State University in 1984. He is married and has two children.
J. Kevin Burgard has been named President, ADM BioProducts and Feed, which includes the business units of BioProducts, Animal Health and Nutrition, Moorman's Inc. and Consolidated Nutrition.
Kevin joined ADM in 1986 and has held positions with the Company in merchandising, sales, and plant management. Most recently, he served as Vice President, North American Soybean Division.
Kevin, 39, received a Bachelor of Science degree in agricultural business in 1984 and a Master's degree in business administration in 1985, both from Western Illinois University. He is married and has four children.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processor of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS), and flour. In addition, ADM is building a position in such value-added products as food additives and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 22,000 employees, 368 processing plants, and net sales for the fiscal year ended June 30, 2001 of $20.1 billion. Additional information can be found on ADM's web site at http://www.admworld.com.
Companies: Archer Daniels Midland
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