Leading food processing company,
Archer Daniels Midland Company
) named D. Cameron Findlay as the Senior Vice President, General
Counsel and Secretary. Mr. Findlay will take over the new
responsibilities starting Jul 15, 2013.
ARCHER DANIELS (ADM): Free Stock Analysis
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In his new role at Archer Daniels, Findlay will overlook the
company's Law, Compliance and Government Relations functions and
will be a member of the company's Executive Committee. Findlay,
who replaces Marschall Smith, will report to the company's
Chairman, CEO and President, Patricia A. Woertz.
Findlay possesses tangible experience in the field, with hands-on
experience in managing global legal, regulatory, compliance, and
public policy issues. Most recently, he served as Senior Vice
President, General Counsel and Secretary with leading medical
). Prior to this, he was associated with Aon Corporation as
Executive Vice President and General Counsel.
Apart from serving as a General Counsel for companies, Findlay
has worked extensively with the federal government. His career
graph in government services included working as a deputy
assistant to President George H. W. Bush at the White House, as a
deputy secretary at the U.S. Department of Labor, and a law clerk
for Justice Antonin Scalia at the U.S. Supreme Court.
Additionally, he has been a partner in the global law firm now
known as Sidley Austin LLP.
His qualifications include a B.A. from Northwestern University,
an M.A. from Oxford University, which he attended as a Marshall
Scholar, and a J.D. from Harvard Law School.
Meanwhile, Archer Daniels remains consistently focused on
enhancing its processing capabilities and global footprints
through strategic acquisitions and joint ventures (JV) that bode
well for future growth. This was evident from its recent success
in wooing Australia's agri-products dealer, GrainCorp Limited.
The company recently entered into an agreement to acquire
GrainCorp, approving to pay A$12.20 per share in cash with the
aggregate transaction value amounting to $3.4 billion.
Archer Daniels' interest in acquiring GrainCorp is in sync with
its growth strategy, as it will not only fortify its financial
position but provide an opportunity to serve the fast-growing
markets in the Middle East, Africa and Asia.
Archer Daniels currently carries a Zacks Rank #3 (Hold).
Alongside, other stocks performing well in the Consumer Staples
Flowers Foods Inc.
Omega Protein Corp.
), both of which carry a Zacks Rank #1 (Strong Buy).