Market Overview

ADM Elects Directors at Annual Meeting, Declares Cash Dividend

  • New director Dr. Lei Zhang Schlitz elected

Archer Daniels Midland Company (NYSE:ADM) today announced at its 96th
Annual Stockholders' Meeting the election of its board of directors,
including new director Dr. Lei Zhang Schlitz.

Dr. Schlitz has held a series of senior-level positions for Illinois
Tool Works Inc. (ITW), an innovative, diversified Fortune 200
manufacturing company with operations in 55 countries, approximately
48,000 employees, and more than 18,000 current and pending patents.
Currently, she serves as executive vice president of ITW's Food
Equipment segment, a $2.2 billion business that designs and manufactures
state-of-the-art commercial ovens, dishwashers, refrigerators, food
processing equipment, and after-sales services for commercial food
service and food retail customers around the globe.

Eleven incumbent directors were also re-elected, including: Alan L.
Boeckmann, Michael S. Burke, Terrell K. Crews, Pierre Dufour, Donald E.
Felsinger, Suzan F. Harrison, Juan R. Luciano, Patrick J. Moore,
Francisco J. Sanchez, Debra A. Sandler and Kelvin R. Westbrook.

Cash Dividend Declared

In addition, ADM's Board of Directors declared a cash dividend of 35.0
cents per share on the company's common stock payable June 5, 2019, to
shareholders of record on May 15, 2019. This is ADM's 350th consecutive
quarterly payment, a record of 87 years of uninterrupted dividends. As
of March 31, 2019, there were 560,102,754 shares of ADM common stock

About ADM

For more than a century, the people of Archer Daniels Midland Company
(NYSE:ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we're one of the world's largest
agricultural processors and food ingredient providers, with
approximately 40,000 employees serving customers in nearly 200
countries. With a global value chain that includes approximately 450
crop procurement locations, more than 330 food and feed ingredient
manufacturing facilities, 62 innovation centers and the world's premier
crop transportation network, we connect the harvest to the home, making
products for food, animal feed, industrial and energy uses. Learn more

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