ADM (Archer Daniels Midland Co) has announced the appointment of Ismael Roig as the Interim Chief Financial Officer. Roig, who has been associated with ADM since 2004, brings a wealth of experience and extensive knowledge about the company’s business. This decision comes after the ADM Board of Directors placed former CFO and Senior Vice President, Vikram Luthar, on administrative leave with immediate effect.
Facts:Ismael Roig has been appointed as the Interim Chief Financial Officer at ADM.2. Roig has served in various global operational and financial leadership roles since joining the company in 2004.3. Vikram Luthar, the former CFO and Senior Vice President, has been placed on administrative leave.4. Consolidated return on average invested assets (ROI) for ADM in the third quarter of 2023 is 11.91%.5. This ROI is above ADM’s average return on investment, which stands at 8.07%.6. ROI decreased compared to the previous quarter due to a decline in net income.7. Among Consumer Non Cyclical sector companies, four others had a higher return on investment.8. ADM’s overall ranking for return on investment has improved from 695 in the second quarter of 2023 to 47 in the third quarter of 2023.
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