Today, ADM announced the appointment of Monish Patolawala as Executive Vice President and Chief Financial Officer, effective August 1, 2024. He will succeed Ismael Roig, who has been serving as ADM’s Interim CFO since January 2024. Patolawala brings over 25 years of experience in managing global finance and technology teams in leading industrial and healthcare companies, including his most recent role at 3M. As EVP and CFO, he will oversee Global Finance and Accounting, Global Business Services, Global Technology, and Enterprise Strategy at ADM.
Juan Luciano, Chair of the Board and CEO, stated, “We are thrilled to have an executive of Monish’s caliber joining ADM as we focus on productivity, innovation, and delivering excellence. Monish has an impressive track record of leading global finance and technology organizations and achieving strong results. With more than 25 years of experience in innovation and sustainability across top industrial and healthcare companies, we are confident that Monish is a strong fit for ADM’s evolving organization. This announcement reflects the Board’s thorough process to identify a proven leader to oversee our finance team as we execute our strategic and operational priorities.”
Patolawala expressed, “It is an honor to join ADM as CFO at this important point in the Company’s trajectory. Growing up in India, I witnessed severe poverty and hunger firsthand, fueling my passion for ADM’s mission to feed the world by unlocking the power of nature to enhance life quality. As a member of the executive team, I look forward to leveraging my experience to advance ADM’s operational excellence and discipline, delivering for our stakeholders and driving shareholder value.”
Luciano continued, “On behalf of the Board, I thank Ismael for stepping up as Interim CFO and ensuring a seamless transition. We will continue to benefit from his expertise as President of EMEA and President of Animal Nutrition.”
Patolawala’s previous role was as President and CFO of 3M Company, where he led finance, country prioritization and governance, information technology, enterprise strategy, and global service centers. Before 3M, he spent over two decades at GE, including serving as CFO of GE Healthcare from 2015 to 2020 and as head of operational transformation for GE from 2019 to 2020. He currently serves on the Board of Directors of Biogen Inc.
