CHICAGO — ADM has announced that Ray G. Young, chief financial officer, will assume the additional role of vice chairman, in which he will provide strategic counsel on major initiatives critical to ADM’s future success. Mr. Young plans to transition from his role as CFO once his successor is identified.
ADM will begin a search for the next CFO, including internal and external candidates with the assistance of a leading independent search firm.
Ray Young, new vice chairman at ADM
“On behalf of everyone at ADM, I would like to thank Ray for his service and dedication as CFO and for the thoughtful approach to the succession process,” said Juan Luciano, chairman and chief executive officer of ADM. “Ray has significantly contributed to ADM’s transformation into a global leader in human and animal nutrition and played a key role in helping drive strong financial performance and providing financial flexibility to support…