ADM has announced the appointment of Monish Patolawala as its new executive vice president and chief financial officer, effective 1 August 2024.
Patolawala, who brings over 25 years of experience in managing global finance and technology teams, will succeed Ismael Roig. Roig has been serving as ADM’s interim CFO since January.
Prior to joining ADM, Patolawala held positions at several leading industrial and healthcare companies. In his new role, he will be responsible for overseeing global finance and accounting, global business services, global technology and enterprise strategy at ADM.
ADM’s chair of the board and CEO, Juan Luciano, said: “We are thrilled to have an executive of Monish’s calibre joining ADM as we focus our enterprise on productivity, innovation and delivering with excellence. Monish has extensive experience and an impressive track record leading global, sophisticated finance and technology organisations and delivering strong results.”
“With more than 25 years overseeing innovation and sustainability-focused teams across leading industrial and healthcare companies, we are confident that Monish is a strong fit for ADM’s continually evolving organisation. Today’s announcement is the culmination of the board’s thorough and thoughtful process to identify a proven leader to oversee our finance team as we execute with excellence across our strategic and operational priorities.”
Patolawala commented: “It is an honour to join ADM as CFO at an important point in the company’s trajectory…As a member of the executive team, I look forward to drawing upon my experience to advance ADM’s operational excellence and discipline as we deliver for our stakeholders and drive shareholder value.”
Source: foodbev.com
Heineken has named Guillaume Duverdier as its new regional president for Africa Middle East (AME), effective 1 July 2025. Duverdier will also join the company’s executive team, succeeding Roland Pirmez, who is retiring after 29 years with the brewer.
The transaction, of which the financial terms were not disclosed, includes seven facilities in total: three dry corn milling facilities in Nebraska, Kansas and Illinois; three dry masa facilities in Texas, Indiana and Iowa; and a transload and packaging facility in Mexico. The dry corn milling division will continue to be headquartered in St Louis, Missouri.
As part of the changes, Elizabeth Duggan, current senior vice president and general manager, will now be president of the company’s snacks division as of 12 May, taking over from Chris Foley, who will step down in July after 25 years with Campbell’s.
