• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

ADM shareholder calls on CEO to step down over transparency issues

by December 30, 2024
written by December 30, 2024

Investing.com — A shareholder of Archer-Daniels-Midland (ADM) and former executive at a company owned by ADM is urging Chief Executive Officer Juan Luciano to resign. The call comes one year after ADM disclosed an investigation into its accounting practices. The shareholder, Hartwig Fuchs, cites a lack of transparency regarding the details of the issue and the measures taken to resolve it.

Fuchs expressed his concerns in a LinkedIn post, stating that ADM, a Chicago-based company, failed to adequately recover the share loss and did not provide substantial communication. Fuchs previously served as a board chairman at Toepfer International, a German trader, at a time when ADM held approximately 80% ownership. ADM currently owns the entire company. Fuchs also held the position of CEO at Nordzucker AG, one of the largest sugar producers in Europe.

Fuchs criticized Luciano’s management, stating that if a highly compensated CEO of a significant company cannot provide clarity within a few months and fully address a scandal, then he should step down. He added that the CEO should communicate with complete transparency about what went wrong and future actions, regain investor trust, and most importantly, safeguard the company from long-term damage.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Google CEO Pichai struggled to navigate a pressure-filled year
next post
Vivid Seats up amid report of co exploring potential sale

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
    • Australian data centre firm DigiCo REIT largely flat in trading debut

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy