ADM (NYSE: ADM) has appointed Michael McMurray, a former executive vice president and CFO at LyondellBasell Industries N.V., to its board of directors. McMurray brings over three decades of financial and strategic leadership experience and will serve on the Board's Audit and Sustainability and Technology committees.
During his tenure at LyondellBasell Industries N.V., McMurray served as the executive vice president and CFO for over five years. Prior to that, he held multiple leadership roles at Owens Corning and Royal Dutch Shell. McMurray holds a bachelor's degree in Business Administration from Trinity University and an MBA from Tulane University. He also serves on the boards of Flowserve Corporation and the Children's Advocacy Centers of Texas.
ADM, a global leader in innovative solutions from nature, is focused on enriching the quality of life by providing essential global agricultural supply chain management and processing. The company also offers a broad portfolio of human and animal nutrition products and is an industry trailblazer in health and well-being.
Juan Luciano, Board Chair and CEO of ADM, stated that McMurray's deep financial and accounting acumen, international business background, and leadership in strategy and M&A align well with the company's growth opportunities. Luciano expressed excitement about McMurray's guidance and leadership on the Board.
In his own words, McMurray expressed his enthusiasm about joining ADM, stating, "ADM has a proud history of connecting harvest to home, and I am excited to be part of its equally bright future." He looks forward to working with the Board, management, and the entire ADM team to help advance the company's growth strategy and deliver on the many opportunities before them.
The company's press release did not include specific metrics or financial data related to the appointment of Michael McMurray. Following these announcements, the company's shares moved -2.09%, and are now trading at a price of $65.18. Check out the company's full 8-K submission here.
