Archer Daniels Midland Co. (ADM) has increased its share in Wilmar International, spending S$129 million on 40 million shares, according to a filing on the Singapore Exchange.
ADM’s stake in Wilmar increased to 24.9% from 24.3%. The company has been steadily increasing shares in Wilmar over the last few years.
ADM paid S$3.2257 per share, and purchased them from Martua Sitorus, Wilmar’s co-founder and former executive deputy chairman.
Wilmar has assets in soy crushing, edible oil refining and packaging, palm plantations, palm refineries, biodiesel production, specialty fats and oleochemical fatty acids throughout Asia.
By Susan Reidy
Source: World Grain
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.