ADM Appoints Monish Patolawala as Executive Vice President and Chief Financial Officer
10 7월 2024 - 10:00PM
Business Wire
ADM (NYSE: ADM) today announced the appointment of Monish
Patolawala as Executive Vice President and Chief Financial Officer,
effective August 1, 2024, succeeding Ismael Roig, who has been
serving as ADM’s Interim CFO since January 2024. Mr. Patolawala
brings to ADM more than 25 years of experience overseeing global
finance and technology teams across leading industrial and
healthcare companies, most recently including 3M. As EVP and CFO of
ADM, Mr. Patolawala will be responsible for overseeing Global
Finance and Accounting, Global Business Services, Global Technology
and Enterprise Strategy.
Chair of the Board and CEO Juan Luciano said, “We are thrilled
to have an executive of Monish’s caliber joining ADM as we focus
our enterprise on productivity, innovation and delivering with
excellence. Monish has extensive experience and an impressive track
record leading global, sophisticated finance and technology
organizations and delivering strong results. With more than 25
years overseeing innovation and sustainability focused teams across
leading industrial and healthcare companies, we are confident that
Monish is a strong fit for ADM’s continually evolving organization.
Today’s announcement is the culmination of the Board’s thorough and
thoughtful process to identify a proven leader to oversee our
finance team as we execute with excellence across our strategic and
operational priorities.”
Mr. Patolawala said, “It is an honor to join ADM as CFO at an
important point in the Company’s trajectory. As a child growing up
in India, I witnessed severe poverty and hunger firsthand, and
that’s what makes me so passionate about the important work that
ADM is doing to feed the world through its purpose of unlocking the
power of nature to enrich the quality of life. As a member of the
executive team, I look forward to drawing upon my experience to
advance ADM’s operational excellence and discipline, as we deliver
for our stakeholders and drive shareholder value.”
Mr. Luciano continued, “On behalf of the Board, I would like to
acknowledge and thank Ismael for stepping up to lead as Interim CFO
and supporting a seamless transition. We will continue to benefit
from his extensive expertise as President of EMEA and President of
Animal Nutrition.”
Mr. Patolawala most recently served as President and CFO of 3M
Company where he led finance, country prioritization and country
governance, information technology, enterprise strategy and global
service centers. Prior to joining 3M, Mr. Patolawala spent more
than two decades at GE in various finance roles, including as CFO
of $20 billion GE Healthcare from 2015 to 2020 and also as head of
operational transformation for all of GE from 2019 to 2020. Mr.
Patolawala also currently serves on the Board of Directors of
biotechnology leader Biogen Inc.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve substantial risks and uncertainties. All statements,
other than statements of historical fact included in this release,
are forward-looking statements. You can identify forward-looking
statements by the fact they do not relate strictly to historical or
current facts. These statements may include words such as
“anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,”
“believe,” “may,” “outlook,” “will,” “should,” “can have,”
“likely,” and other words and terms of similar meaning in
connection with any discussion of the timing or nature of future
operating or financial performance or other events. All
forward-looking statements are subject to significant risks,
uncertainties and changes in circumstances that could cause actual
results and outcomes to differ materially from the forward-looking
statements. These forward-looking statements are not guarantees of
future performance and involve risks, assumptions and
uncertainties, including, without limitation, those that are
described in the Company’s most recent Annual Report on Form 10-K
and in other documents that the Company files or furnishes with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those indicated or anticipated by such forward-looking
statements. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date they are made. Except to the extent required by law,
ADM does not undertake, and expressly disclaims, any duty or
obligation to update publicly any forward-looking statement after
the date of this announcement, whether as a result of new
information, future events, changes in assumptions or
otherwise.
About ADM
ADM unlocks the power of nature to enrich the quality of life.
We’re an essential global agricultural supply chain manager and
processor, providing food security by connecting local needs with
global capabilities. We’re a premier human and animal nutrition
provider, offering one of the industry’s broadest portfolios of
ingredients and solutions from nature. We’re a trailblazer in
health and well-being, with an industry-leading range of products
for consumers looking for new ways to live healthier lives. We’re a
cutting-edge innovator, guiding the way to a future of new consumer
and industrial solutions. And we're a leader in sustainability,
scaling across entire value chains to help decarbonize the multiple
industries we serve. Around the globe, our innovation and expertise
are meeting critical needs while nourishing quality of life and
supporting a healthier planet. Learn more at www.adm.com.
Source: Corporate Release Source: ADM
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version on businesswire.com: https://www.businesswire.com/news/home/20240710762416/en/
ADM Media Relations Jackie Anderson media@adm.com
312-634-8484 ADM Investor Relations Megan Britt
Megan.Britt@adm.com 872-257-8378
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