Archer Daniels Midland Co. (ADM) announced yesterday that it has promoted chief operating officer Juan R. Luciano to president, effective immediately. He takes over the role of president from ADM chairman and CEO Patricia Woertz, who has been president of the Decatur, Ill.-based company since 2006. He also retains his position as COO.
Luciano oversees the commercial and production activities of ADM’s corn, oilseeds and agricultural services businesses, as well as its research, project management and risk management functions. He will continue to report to Woertz.