ADM has appointed Monish Patolawala as government vice president and chief monetary officer (CFO), efficient August 1, succeeding Ismael Roig, who has been serving as ADM’s interim CFO since January.
Patolawala brings to ADM greater than 25 years of expertise overseeing international finance and know-how groups throughout main industrial and well being care corporations, most lately together with 3M. As government vp and CFO of ADM, Patolawala can be answerable for overseeing international finance and accounting, international enterprise providers, international know-how and enterprise technique.
“We’re thrilled to have an government of Monish’s caliber becoming a member of ADM as we focus our enterprise on productiveness, innovation and delivering with excellence,” mentioned Chair of the Board and CEO Juan Luciano. “Monish has intensive expertise and a powerful monitor report main international, subtle finance and know-how organizations and delivering robust outcomes. With greater than 25 years overseeing innovation- and sustainability-focused groups throughout main industrial and well being care corporations, we’re assured that Monish is a robust match for ADM’s regularly evolving group. Immediately’s announcement is the end result of the board’s thorough and considerate course of to determine a confirmed chief to supervise our finance workforce as we execute with excellence throughout our strategic and operational priorities.”
Patolawala most lately served as president and CFO of 3M Co., the place he led finance, nation prioritization and nation governance, info know-how, enterprise technique and international service facilities. Prior to becoming a member of 3M, Patolawala spent greater than twenty years at GE in numerous finance roles, together with as CFO of US$20 billion GE Healthcare from 2015 to 2020 and additionally as head of operational transformation for all of GE from 2019 to 2020. Patolawala additionally serves on the board of administrators of biotechnology chief Biogen Inc.
“It’s an honor to hitch ADM as CFO at an necessary level in the corporate’s trajectory,” Patolawala mentioned. “As a baby rising up in India, I witnessed extreme poverty and starvation firsthand, and that’s what makes me so passionate in regards to the necessary work that ADM is doing to feed the world by means of its function of unlocking the facility of nature to complement the standard of life. As a member of the chief workforce, I sit up for drawing upon my expertise to advance ADM’s operational excellence and self-discipline, as we ship for our stakeholders and drive shareholder worth.”
Ismael Roig served as interim CFO since Vikram Luthar was positioned on depart in January amid an investigation into sure accounting practices and procedures inside ADM’s Diet reporting section. ADM introduced Luthar’s plans to resign in April.
