Chicago, IL—Archer Daniels Midland Company (ADM) has announced a new business unit called Ag Services & Oilseeds, which combines ADM’s Origination and Oilseed business operations, according to a press release.
The new business unit will exist as of July 1. It will be led by Greg Morris, formerly president of Oilseeds for ADM.
Juan Luciano, chairman and CEO of ADM, said in the release: “Bringing the unparalleled strength of our global origination, global trade and destination marketing businesses and our transportation network together with our leadership in oilseeds processing and value-added product mix is a natural evolution. This helps us better integrate the supply and value chains to deliver significant simplification and efficiency to the day-to-day business.”