Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On February 24, 2021, the Board of Directors of Archer-Daniels-Midland Company
(ADM) appointed Molly Strader Fruit, age 42, to the position of Vice President,
Corporate Controller, as of March 1, 2021. The Board of Directors also appointed
John Stott, age 53, to the position of Group Vice President, Finance and
Corporate Treasurer and CFO of Global Technology and 1ADM, effective as of
March 1, 2021. Mr. Stott is currently serving as Group Vice President, Finance
and Corporate Controller. Ms. Strader Fruit will succeed Mr. Stott as ADM's
Chief Accounting Officer.
Ms. Strader Fruit has served as ADM's Vice President, Global Financial Services
since May 2019. Ms. Strader Fruit previously served as ADM's Vice President,
Global Credit and Global Carbohydrate Solutions Controller from March 2018 until
May 2019; Vice President, Global Credit and Global Ag Services Controller from
April 2016 until March 2018; and Global Ag Services Controller from June 2015 to
April 2016, as well as in other roles within ADM. Prior to joining ADM,
Ms. Strader Fruit had experience in public accounting. She holds an MBA and
undergraduate accounting degrees from Millikin University.
There is no transaction between Ms. Strader Fruit (or her immediate family) and
the Company that requires disclosure in accordance with Item 404(a) of
Regulation S-K.
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