Archer Daniels Midland Company today announced the appointment of Rachel D. Hudson to the position of vice president and treasurer.
In this role, she will oversee all treasury activities globally, including funding and capital markets, currency risk-management and worldwide banking activities.
Hudson joined ADM in 2002 and has held leadership positions in the company’s finance, treasury and commodity-trading functions in the U.S., Brazil, Germany and Switzerland. In addition to her treasury role, she will continue to serve as chief financial officer for the company’s Corn division.
Previously, she was chief financial officer for the company’s South American businesses. Based in São Paulo, she oversaw finance, treasury, credit, controlling, IT, shared services, and commodity trade execution and administration for the region.
Hudson holds a bachelor’s degree from Colgate University and a master’s degree in International Law and Diplomacy with a concentration in finance and banking from The Fletcher School of Law and Diplomacy at Tufts University in Medford, Massachusetts.
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.