Miller Magazine Issue: 147 March 2022

60 MILLER / march 2022 NEWS Ray G. Young named Vice Chairman; Young to transition CFO responsibilities once successor is named. The Archer-Daniels-Midland Company (ADM), a global leader in sustainable human and animal nutri- tion, and one of the world’s premier agricultural orig- ination and processing companies, announced that Ray G. Young will assume the additional role of Vice Chairman, in which he will provide strategic counsel on major initiatives critical to ADM’s future success. Young plans to transition from his role as Chief Finan- cial Officer once his successor is identified. ADM will begin a search for the next CFO, in- cluding internal and external candidates with the assis- tance of a leading independent search firm. “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 Chairman and CEO Juan Lu- ciano. “Ray has significantly contributed to ADM’s transfor- mation into a global leader in human and animal nutrition, and played a key role in helping drive strong financial performance and providing finan- cial flexibility to support ADM’s growth agenda. We are fortunate that we will continue to benefit from Ray’s depth of knowledge and operational expertise as Vice Chairman as we deliver on our strategic growth ambitions.” “I am incredibly proud of the truly world-class financial organization we have built here at ADM over the last decade, and am committed to working to ensure a smooth transition,” said Young. “In my new role as Vice Chairman, I look forward to continuing to work closely with Juan and the entire leadership team as we continue to execute on our sustainable growth strategy and build on our momentum.” ADM announces CFO succession plan Four new leaders are joining Cargill’s executive team. They were selected for their expertise aligned to evolving customer and employee needs and their potential to drive the company’s innovation and sustainability strategies around the world. “The food system is constantly and quickly changing. To continue delivering innovative ideas and solutions for our customers, we must change as well. These leaders are guided by values and purpose, commit- ted to our customers and passionate about feeding a growing population in a safe, responsible and sustain- able way,” said Dave MacLennan, Cargill chairman and CEO. “They all have the expertise and inclusive lead- ership approach to continue driving our organization forward as members of our executive team.” Jennifer Hartsock joins Cargill and the company’s executive team as its new Chief Information & Digital Officer (CIDO). Hartsock served as Chief Information Officer and a member of the executive leadership team at Baker Hughes. Roger Watchorn is joining the company’s executive team as leader of Cargill’s Agriculture Supply Chains (CASC) business, which also includes the company’s Ocean Transportation and World Trading Group. He also will lead the company’s corporate trading strategy. Ross Hamou-Jennings is named the company’s chair of Asia Pacific. Hamou-Jennings has been based in Singapore since 2002, leading the global Trade & Capital Markets (TCM) business from Asia. In this new role, Hamou-Jennings will oversee the company’s cus- tomer-led strategy in Asia, as well as its Metals, Risk Management and TCM businesses. These leadership changes will be effective March 1, 2022. And Stephanie Lundquist is joining Cargill as the com- pany’s new Chief Human Resources Officer (CHRO) and a member of its executive team. Lundquist spent 16 years with leading retailer and Cargill customer, Tar- get, most recently leading the food and beverage busi- ness. This leadership change is effective April 4, 2022. Cargill announces executive leadership changes