World Grain - September 2013 - 20

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New leadership at ADM Ag Services, Animal Nutrition
DECATUR, ILLINOIS, U.S. — Archer Daniels Midland Company
(ADM) announced on Aug. 21 management appointments that include giving additional responsibilities to Joseph Taets, senior vicepresident and president of the Agricultural Services business unit and
naming Brent Fenton as president, ADM Animal Nutrition.
“Consistent with our commitment to improve returns, we are assigning leaders to build productivity and earnings power in key areas
of opportunity,” said Juan Luciano, ADM executive vice-president
and chief operating officer.
Taets will take on additional responsibility for strategy and
growth activity across ADM’s business lines in Europe, Africa and
India. Taets will relocate to the company’s European headquarters in
Rolle, Switzerland.
“With the pending acquisition of GrainCorp, and the recent
growth of our crop origination and processing assets in Eastern Europe, embedding senior leadership in the region will assure we fully
leverage the earnings power of our growing network,” said Luciano.
“Joe is ideally suited for this position, with his current responsibilities for crop origination and transportation activity in more than 75
countries, combined with his previous experience managing ADM’s
European oilseeds operations.”
ADM Animal Nutrition, based in Decatur, Illinois, U.S., will bring
together ADM’s specialty feed business — which supplies the livestock and aquaculture industries with amino acid-based feed ingre-

dients — with ADM Alliance Nutrition, Inc., a wholly owned subsidiary of ADM and a leading producer of livestock feed ingredients.
“With Brent’s strong commercial orientation, and his experience
managing our European oilseeds business, he is well suited to improve returns by developing higher-value, higher-margin product opportunities and delivering synergies in the combined specialty feed
businesses,” Luciano said.
Taets is an officer of the corporation, and a member of the company’s Global Operating Committee. As president of Agricultural
Services, Taets is responsible for the commercial activities and operations of the company’s agricultural origination and transportation
network — which spans more than 75 countries — as well as the
company’s wheat milling and rice businesses.
Previously, he was president of ADM’s grain group, with responsibility for the company’s U.S. and export grain businesses, grainmerchandising operations, destination-marketing business, and ocean
freight and vessel operations. Earlier, he was managing director of the
company’s European Oilseeds operations. He joined ADM in 1988.
Taets represents ADM on boards in Argentina, the Dominican Republic, Guatemala, Holland, Mexico, Panama and Switzerland.
Fenton previously served as president of European operations, where
he was responsible for setting strategy and coordinating growth activity
across all ADM business lines in the region as well as managing the
company’s European oilseeds business. He joined ADM in 1992.

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World Grain - September 2013

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