ADM Places CFO on Leave, Cuts Profit Outlook on Probe
- Investigation initiated in response to SEC’s document request
- Crop trader withdraws outlook for Nutrition reporting segment
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Archer-Daniels-Midland Co. placed its chief financial officer on leave and cut its earnings outlook pending an investigation into the agricultural trading giant’s accounting practices.
CFO Vikram Luthar has been put on administrative leave, effective immediately, and Ismael Roig will serve as interim CFO, the company said in a statement on Sunday.