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TheStreet Open House

ADM To Establish New Global Headquarters And Customer Center

Stocks in this article: ADM

Archer Daniels Midland Company (NYSE: ADM) announced today that it is exploring establishing a new global headquarters and customer center.

“Our company is growing and becoming more global and more customer-centric,” said Patricia Woertz, ADM chairman and chief executive officer. “To continue to succeed, we need a global center in a location that allows us to travel and work efficiently with customers and employees throughout the world. We also need an environment where we can attract and retain employees with diverse skills, and where family members can find ample career opportunities.”

The company is considering locations and having discussions with various public officials and advisors. It does not expect to discuss those details publicly.

It expects to locate a small, corporate team at the global center, with approximately 100 jobs relocated to the center. In addition, the company plans to create a new IT tech center at the same location, adding approximately 100 new positions there over the next few years.

The company does not plan any layoffs in connection with the move to a new global center.

“As we look to establish the new global center, we remain firmly committed to the 4,400 colleagues who will continue to work in Decatur, and to the economic strength and viability of the Decatur community,” Woertz said.

In recognition of the breadth and importance of the work that will continue to be centered in Decatur, the company’s office there will be designated the North American headquarters. ADM also maintains regional headquarters in Rolle, Switzerland; São Paulo, Brazil; and Shanghai, China.

“To ensure that Decatur remains a strong and vibrant community for years to come, we are also announcing today several multi-year financial commitments. We are investing in Decatur’s economic development to help ensure it flourishes economically, in its schools to foster a strong workforce pipeline, and in critical social services to enhance the quality of community life,” said Woertz.

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