ADM Seeks to Switch Headquarters After 44 Years Amid ExpansionShruti Date Singh
Archer-Daniels-Midland Co., the world’s largest corn processor, is looking to move its global headquarters from central Illinois after 44 years to gain better access to customers as it expands.
ADM expects to relocate about 100 corporate jobs and create an information technology center at its new base that will add a further 100 posts in the next few years, the Decatur, Illinois-based company said today in a statement.
“We need a global center in a location that allows us to travel and work efficiently with customers and employees throughout the world,” Chairman and Chief Executive Officer Patricia Woertz said in the statement.
Earlier this year, ADM agreed to buy Australian crop handler GrainCorp Ltd. to gain control of seven of the eight ports that ship grain in bulk from the nation’s east coast.
The company is considering locations and holding talks with public officials and advisers. It doesn’t expect to discuss those details publicly, the statement showed.
The company doesn’t plan any layoffs in connection with the move and 4,400 employees will continue to work in Decatur, Woertz said.
Decatur will serve in future as ADM’s North American headquarters.
-Editors: Stephen Cunningham.