ADM’s Juan Luciano to Take Over as CEO From Patricia Woertz
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Archer-Daniels-Midland Co. appointed Juan R. Luciano as chief executive officer, replacing Patricia Woertz, who will remain chairman of the world’s largest corn processor.
Luciano, currently president and chief operating officer of the Chicago-based company, will assume the new role on Jan. 1, according to a statement. Woertz is expected to retire in May 2016, the company said. Luciano, who joined ADM in 2011, took over as president from Woertz in February and oversees commercial and production activities of ADM’s corn, oilseeds and agricultural-services businesses, as well as research, project management and risk management.