CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced at its 96th Annual Stockholders’ Meeting the election of its board of directors, including new director Dr. Lei Zhang Schlitz.
Dr. Schlitz has held a series of senior-level positions for Illinois Tool Works Inc. (ITW), an innovative, diversified Fortune 200 manufacturing company with operations in 55 countries, approximately 48,000 employees, and more than 18,000 current and pending patents. Currently, she serves as executive vice president of ITW’s Food Equipment segment, a $2.2 billion business that designs and manufactures state-of-the-art commercial ovens, dishwashers, refrigerators, food processing equipment, and after-sales services for commercial food service and food retail customers around the globe.
Eleven incumbent directors were also re-elected, including: Alan L. Boeckmann, Michael S. Burke, Terrell K. Crews, Pierre Dufour, Donald E. Felsinger, Suzan F. Harrison, Juan R. Luciano, Patrick J. Moore, Francisco J. Sanchez, Debra A. Sandler and Kelvin R. Westbrook.
Cash Dividend Declared
In addition, ADM’s Board of Directors declared a cash dividend of 35.0 cents per share on the company’s common stock payable June 5, 2019, to shareholders of record on May 15, 2019. This is ADM’s 350th consecutive quarterly payment, a record of 87 years of uninterrupted dividends. As of March 31, 2019, there were 560,102,754 shares of ADM common stock outstanding.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 40,000 employees serving customers in nearly 200 countries. With a global value chain that includes approximately 450 crop procurement locations, more than 330 food and feed ingredient manufacturing facilities, 62 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.