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ADM shareholder presses CEO to resign as criminal probe continues

By P.J. Huffstutter, Reuters December 31, 2024

A shareholder of agribusiness Archer-Daniels-Midland is pressing the company's CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have sparked a criminal investigation first reported by Reuters.

News, Reuters

ADM posts drop in Q3 earnings in delayed report, revises segment core profit

By Reuters November 18, 2024

Global grain trader Archer-Daniels-Midland posted a drop in third-quarter profit on Monday and said in its delayed filing that it has revised its calculation of total segment operating profit.

News, Reuters

ADM says top compliance officer is leaving the company

By P.J. Huffstutter, Reuters, Sourasis Bose November 14, 2024

Archer-Daniels-Midland Co's chief compliance officer, Ben Bard, is leaving the company early next year for personal reasons, the company said on Wednesday. The news comes one day after the global grain trader, which has been embroiled in controversy over its accounting practices, sought an extension from the U.S. Securities and Exchange Commission to file its third quarter financial report because it could not meet the deadline.

News, Reuters

Grains merchant ADM slides on fresh accounting errors, profit forecast cut

By Mrinalika Roy, Reuters, Sourasis Bose November 5, 2024

Archer-Daniels-Midland shares fell eight per cent premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.

News, Reuters

ADM accused of misconduct, lack of safety inspections after explosion hurt US worker

By P.J. Huffstutter, Reuters October 17, 2024

Archer-Daniels-Midland Co intentionally failed to test and maintain safety systems on its grain equipment for years, which contributed to an explosion that immolated a U.S. worker and put him in a coma last year, according to a lawsuit filed against the company.

News, Reuters

ADM says its head of global supply leaving company

By Reuters June 4, 2024

Camille Batiste, Archer-Daniels-Midland's senior vice president of global supply chain and procurement and a member of its executive council, is leaving the company next month, according to an internal email seen by Reuters on Tuesday and later confirmed by ADM.

General, Reuters

ADM CFO to resign as company faces US government investigation

By Ana Mano, Karl Plume, Reuters April 22, 2024

Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.

General, Reuters

ADM announces plan to address accounting issues, posts earnings miss

The company's shares were up 4.3 per cent but down nearly 21 per cent for the year

By Karl Plume, Reuters, Sourasis Bose, GFM Network News March 12, 2024

Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.

Markets, Reuters

Accounting probe hits ADM as crop glut, lower margins point to tough 2024

ADM shares fell 24 per cent Monday as news of accounting issues broke

By Karl Plume, Reuters, GFM Network News January 23, 2024

An investigation into accounting practices in Archer-Daniels-Midland's ADM.N Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year.

General, Reuters

ADM CFO placed on leave, shares tumble on probe into nutrition unit,

The global grains merchant cut its 2023 profit forecast, delayed Q4 results on investigation into flagged transactions

By Reuters, GFM Network News January 22, 2024

Shares of Archer-Daniels-Midland ADM.N slid 16 per cent in early morning trade on Monday after CFO Vikram Luthar was placed on administrative leave as the company investigates certain accounting practices at its Nutrition segment.

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Food and beverage makers’ sales predicted to slide on trade tensions: FCC

More canola among AAFC’s 2025/26 projections

Daily Network News

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Food and beverage makers’ sales predicted to slide on trade tensions: FCC

More canola among AAFC’s 2025/26 projections

Tag Archives ADM

ADM shareholder presses CEO to resign as criminal probe continues

ADM posts drop in Q3 earnings in delayed report, revises segment core profit

ADM says top compliance officer is leaving the company

Grains merchant ADM slides on fresh accounting errors, profit forecast cut

ADM accused of misconduct, lack of safety inspections after explosion hurt US worker

ADM says its head of global supply leaving company

ADM CFO to resign as company faces US government investigation

ADM announces plan to address accounting issues, posts earnings miss

Accounting probe hits ADM as crop glut, lower margins point to tough 2024

ADM CFO placed on leave, shares tumble on probe into nutrition unit,

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