ADM announced the appointment of former LyondellBasell Industries N.V. executive vice president and CFO Michael McMurray as its newest Board member, effective March 9. McMurray brings more than three decades of financial and strategic leadership experience at leading global industrial companies, and will serve on the Board?s Audit and Sustainability and Technology committees. McMurray served for more than five years as executive vice president and chief financial officer of LyondellBasell Industries N.V., a global plastics, chemicals and refining company. Prior to that he held multiple leadership roles at Owens Corning, including CFO, and at Royal Dutch Shell.
McMurray holds a bachelor?s degree in Business Administration from Trinity University and an MBA from Tulane University. He serves on the boards of Flowserve Corporation and the Children?s Advocacy Centers of Texas. Mr. McMurray was appointed to serve on each of the Audit Committee and the Sustainability and Technology Committee of the Board.
Archer-Daniels-Midland Company is one of the world's leading transformers of agricultural products into food ingredients, fuels, and industrial products. Net sales break down by activity as follows:
- agricultural services (76.7%): manufacturing and sale of oilseed-based products, raw materials trading, transportation, storage, etc.;
- manufacturing and sale of cereal grain-based products (13.4%): flours, starches, glucose, acidulants, sweeteners, dextrose, amino acids, etc.;
- manufacturing of flavors and ingredients (9.4%);
- other (0.5%).
Net sales are distributed geographically as follows: the United States (38.8%), Switzerland (22.2%), Cayman Islands (7.6%), Brazil (4.2%), Mexico (3.4%), United Kingdom (2.6%), Canada (2.2%) and others (19%).
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