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ADM has appointed John Stott as the new president of ADM Investor Services, Inc. (ADMIS), effective July 1, 2022. Stott succeeds Tom Kadlec, who is retiring after nearly 32 years with ADM. Stott, who has been with ADM for almost 30 years in various leadership roles, will steer ADMIS moving forward. ADM highlighted Stott's extensive experience and strong relationships within the industry as assets for his new role. The transition reflects a commitment to growth and leadership within the organization.
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John Stott's appointment is expected to enhance leadership at ADMIS.
Stott brings nearly 30 years of experience at ADM, which can contribute positively to ADMIS's growth.
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CHICAGO--(BUSINESS WIRE)--
ADM (NYSE: ADM) today announced that John Stott will serve as the new president for ADM Investor Services, Inc. (ADMIS), effective July 1, 2022. He replaces Tom Kadlec, who announced his retirement after nearly 32 years with ADM.
John Stott, incoming President of ADM Investor Services, Inc. (Photo: Business Wire)
Stott is currently Group Vice President, Finance, Corporate Treasurer, and CFO of Global Technology and 1ADM. He is also a long-term executive at ADM, having served in a variety of roles at the company over almost 30 years.
“This announcement creates mixed emotions as we are both very excited to bring John on board to lead the ADMIS team and also extremely appreciative of Tom’s many years of service and exemplary accomplishments,” said Ray Young, ADM Vice Chairman, who provides executive oversight of ADMIS. “John brings a solid global perspective through a wide range of previous experiences and responsibilities, strong relationships with many of our key external audit partners and deep knowledge of both ADMIS and ADM as a whole, all of which will serve him well in this new role. Tom’s leadership of ADMIS has been instrumental in the success and growth of the organization, and we wish him all the best on a healthy and happy retirement.”
Stott joined ADM in 1992 and has held a number of leadership positions in accounting and finance. Prior to his current responsibilities, he was the company’s corporate controller and principal accounting officer. Before that, he served as operations controller and as European finance director, based in Hamburg, Germany. Before joining ADM, Stott spent five years with Continental Grain Company in London, England. Stott completed his accounting qualifications in the UK, studying with the Association of Accounting Technicians and then the Association of Chartered Certified Accountants, where today he continues to serve as a fellow member.
For more than 50 years, ADMIS has been a leader in the futures industry providing comprehensive brokerage services to institutional, commercial and retail clients. Headquartered in Chicago, Illinois, ADMIS is a registered Futures Commission Merchant supported by a network of affiliated brokers and sister companies across the United States and around the globe. ADMIS is a wholly owned subsidiary of ADM.
About ADM
ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.
ADM Media Relations
Jackie Anderson media@adm.com
312-634-8484
Source: ADM
FAQ
What is significant about John Stott's appointment at ADM?
John Stott's appointment as president of ADM Investor Services is significant because he brings nearly 30 years of experience at ADM, which may lead to continued growth and stability.
When will John Stott officially take over as president of ADM Investor Services?
John Stott will officially take over as president of ADM Investor Services on July 1, 2022.
Who did John Stott replace as president of ADM Investor Services?
John Stott replaced Tom Kadlec as president of ADM Investor Services.
What was Tom Kadlec's role before his retirement from ADM?
Tom Kadlec served as the president of ADM Investor Services for nearly 32 years before his retirement.
What is the focus of ADM under the leadership of John Stott?
Under John Stott's leadership, ADM aims to strengthen its focus on growth and leadership in the futures industry.
