USA – Archer Daniels Midland, the American global food processing and commodities trading corporation has nominated Michael S. Burke as a new director to its board and he’ll stand for election to the board at the company’s upcoming annual shareholders’ meeting on May 3, 2018.
The announcement was made during its 95th Annual Stockholders’ Meeting where other 11 outgoing directors were re-elected to its board.
Burke holds position as chairman and CEO at AECOM, an American multinational engineering firm that provides design, consulting, construction, and management services operating in more than 150 countries.
Michael S. Burke was named by AECOM Board of Directors to succeed John M. Dionisio as CEO and nominated for election to Board.
After joining AECOM in 2005, he was appointed in various capacities including senior vice-president of corporate strategy; chief corporate officer; chief financial officer; and president.
He spent part of his career at KPMG LLP in a variety of leadership position.
“Mike’s deep expertise and leadership experience would make him a tremendously valuable addition to ADM’s Board of Directors,” said Chairman and CEO Juan Luciano.
“If elected by our shareholders, Mike will bring to the board his experience as CEO of a global Fortune 500 company, as well as an extensive background in accounting and finance.
ADM would benefit greatly from Mike’s leadership, and I am eager to work with him as we continue to execute our strategy.”
At the meeting, ADM declared a cash dividend of 33.5 cents per share on the company’s common stock payable June 7, 2018, to shareholders of record on May 17, 2018.
In the first quarter ended March 31, ADM announced a 16% increase in net earnings to US$393 million while profit rose attributable to higher soybean crush margins.