Archer Daniels Midland Company (NYSE: ADM) today announced that Alan
Boeckmann, retired chairman and chief executive officer of Fluor
Corporation, has been appointed to its Board of Directors and will serve
on the Board's Nominating/Corporate Governance and
Compensation/Succession Committees. His appointment, which increases the
Board's size to 11, is effective immediately.
Boeckmann served as the chief executive officer of Fluor Corporation
from 2002-2011 and as non-executive chairman of its board of directors
from 2011-2012. He is currently a director of Sempra Energy. He
previously served on ADM's Board of Directors from 2004-2008. He
resigned from the ADM Board in 2008 because the bylaws of Fluor
Corporation limited his participation to two external corporate boards
at one time.
"We are pleased to welcome Alan back to ADM's board," said ADM Chairman
and CEO Patricia Woertz. "His expertise in emerging markets, leadership
experience and proven ability to drive profitable growth make him an
excellent addition, and I am certain we will benefit from his strategic
counsel."
Cash Dividend Declared
ADM's Board of Directors also declared a cash dividend of 17.5 cents per
share on the company's common stock payable March 8, 2012, to
Stockholders of record Feb. 16, 2012.
This is ADM's 321st consecutive quarterly payment, a record
of 80 years of uninterrupted dividends. As of Dec. 31, 2011, there were
661,546,590 shares of ADM common stock outstanding.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 265 processing plants, 400 crop procurement
facilities, and the world's premier crop transportation network, ADM
helps connect the harvest to the home in more than 160 countries. For
more information about ADM and its products, visit www.adm.com.
