Archer-Daniels-Midland Company (NYSE:ADM) has announced the appointment of Monish Patolawala as the new Executive Vice President and Chief Financial Officer, effective August 1, 2024.

Patolawala will be taking over from Ismael Roig, who has served as the Interim CFO since January.

Roig will continue to serve as President of EMEA and Animal Nutrition.

ADM’s Chairman and CEO, Juan Luciano, expressed his confidence in the new appointment, stating, “We are thrilled to have an executive of Monish’s caliber joining ADM as we focus our enterprise on productivity, innovation and delivering with excellence.”

Patolawala also shared his excitement, stating, “It is an honor to join ADM as CFO at an important point in the company’s trajectory.”