Archer Daniels Midland Company (NYSE: ADM) Chairman, CEO and President Patricia A. Woertz today rang the closing bell at the New York Stock Exchange to commemorate the 85th anniversary of the Company’s NYSE listing. ADM began trading on the New York Stock Exchange on December 24, 1924.
Joining Woertz were Steve Mills, executive vice president and chief financial officer; John Rice, executive vice president, Commercial and Production; Dwight Grimestad, vice president, Investor Relations; Victoria Podesta, vice president, Corporate Communications; and Kris Lutt, advisor, Office of the Chairman.
“We are proud today to honor, and to continue the work that has been the cornerstone of our business for the past 107 years: connecting the harvest to the home,” said Woertz. “Our longevity speaks to the vital role of our Company, and our track record of success speaks to the hard work of ADM colleagues today and throughout our history.”
In 1902, John W. Daniels formed the Daniels Linseed Company to produce linseed oil. George A. Archer joined the Company the following year, and in 1905, the Company name was changed to the Archer Daniels Linseed Company. After a merger with Midland Linseed Products Company in 1923, Archer Daniels Midland Company became the world’s largest producer of linseed oil.
Today, ADM is one of the world’s largest agricultural processors. Each day, ADM processes 3.5 million bushels of soybeans, canola, sunflower and other oilseeds; two million bushels of corn; and one million bushels of wheat. The Company also grinds about 15 percent of the global cocoa crop. ADM transforms these crops into hundreds of food ingredients, animal feed ingredients, fuels and industrial products that serve vital needs of millions of people every day.
Every day, the 28,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2009, were $69 billion. For more information about our Company and our products, visit www.adm.com.
ADM Media Relations, 217-424-5413
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