ADM Names Syngenta Head Jeff Rowe as COO - Transport Topics
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Bloomberg News [Stay on top of transportation news: Get TTNews in your inbox .] Archer-Daniels-Midland Co. appointed the head of Syngenta Group, Jeff Rowe, as its chief operating officer, as the crop trader strengthens its management team while navigating shifts in global agriculture markets. Rowe will oversee ADM's commercial business, manufacturing, and research and development efforts, the company said in a July 20 statement. Rowe comes to ADM from Swiss agri-tech company Syngenta, where he had been CEO since January 2024. ADM is beefing up its management as it expects clearer U.S. biofuels policy and renewed soybean trade with China to improve the farm economy, even as the conflict in the Middle East crimps access to commodities like fuel and fertilizer. The company has come through a difficult period following scrutiny into its accounting practices. ADM earlier this year settled allegations with the U.S. Justice Department without admitting or denying wrongdoing. Rowe will report to CEO Juan Luciano, who has been helming one of the country's largest crop traders for years without a chief operating officer. Luciano himself also faced pressure amid the accounting probe, but the board has backed him and his contract was renewed. The appointment is "not a change in ADM's strategy, but rather a continued commitment to capitalize on new opportunities," an ADM spokesperson...
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