ADM has announced that its Board of Directors has elected Jim Collins, former CEO of Corteva, to the board.
In addition, ADM’s Board of Directors declared a cash dividend of 40.0 cents per share on the company’s common stock. The dividend is payable on September 7, 2022, to shareholders of record on August 17, 2022.
From 2019 to 2021, Collins was CEO and member of the board of Corteva Agriscience, a Fortune 200 agricultural and seed company. During that time, he spearheaded a comprehensive array of initiatives to enhance sustainability, with a focus on helping farmers lead with new practices and innovations. Prior to that, he served in a variety of leadership positions in the agriculture business at Corteva’s predecessors, DowDuPont and DuPont.
Collins served on the board of CropLife International, the advisory board for the University of Delaware’s Alfred Lerner College of Business & Economics, and the board of trustees of the Hagley Museum and Library. He also was a member of the U.S. China Business Council, and the Business Roundtable, where he served on the Special Committee on Equity and Racial Justice and the Climate Policy and Trade Committees. He currently serves on the University of Tennessee Lone Oaks Farm Advisory Council and the Board of Trustees of Longwood Botanical Gardens.
Chairman and CEO Juan Luciano, said, “Our Board’s deep and diverse experience and leadership have been critical as we’ve transformed ADM into a global leader meeting growing needs in food security, health and well-being, and sustainability. Jim will make a tremendous addition to that team. He brings to ADM a wealth of expertise in innovation and global agriculture, a strong commitment to diversity and inclusion, and a keen understanding of how to support farmers as we work together to improve the sustainability of our agriculture and nutrition value chains. His experience leading a global Fortune 200 company will make him a valuable partner as we continue to build a better ADM and align our portfolio to meet needs in growing global trend areas.”