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Archer-Daniels-Midland Company (ADM)
After hours:
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- Fortune
ADM’s CFO agrees to resign amid DOJ investigation. What’s the board’s next move?
The accounting scandal zeroes in on the company's nutrition segment.
- Reuters
ADM CFO to resign as company faces US government investigation
Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30. Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data. ADM had put Luthar on administrative leave in January as it launched an internal investigation focused on accounting practices involving the smallest of its three business units.
