ADM announced Vikram Luthar has been appointed Chief Financial Officer, following a thorough succession planning and candidate review process. Luthar succeeds Ray G. Young, who has served as CFO since 2010 and has also served as the company's Vice Chairman since February. Luthar joined ADM in 2004 as vice president and treasurer and has since served in a variety of senior-level positions.

His leadership in both Strategy and Investor Relations have been instrumental in setting the current strategic trajectory for ADM, and his management as president of ADM's Health & Wellness and Bioactives businesses helped launch and accelerate long-term platforms tied to critical consumer trends. As chief financial officer for Nutrition, Luthar has also led with financial agility across ADM's fastest-growing business unit. Prior to ADM, Luthar spent nearly a decade with General Motors in treasury and regional finance leadership positions.

The appointment is effective immediately. Young will support Luthar during the transition and then turn his focus to providing strategic counsel on major initiatives critical to ADM's future success in his role as Vice Chairman.