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Directors Elected at ADM Annual Meeting, Cash Dividend Declared

PR Newswire
Posted: 2008-11-06 16:37:00

DECATUR, Ill., Nov. 6 /PRNewswire-FirstCall/ -- Archer Daniels Midland Company (NYSE: ADM) announced today at its 85th Annual Shareholders' Meeting that nine incumbent directors were re-elected to its Board. The directors re-elected are: George W. Buckley, Mollie Hale Carter, Victoria F. Haynes, Antonio Maciel Neto, Patrick J. Moore, M. Brian Mulroney, Thomas F. O'Neill, Kelvin R. Westbrook and Patricia A. Woertz.



Alan L. Boeckmann did not stand for re-election due to his employer's corporate governance guidelines limiting the number of outside corporate boards on which he may serve.



Cash Dividend Declared



The Board of Directors of ADM also declared a cash dividend of 13 cents per share on the Company's stock payable December 11, 2008, to Shareholders of record November 20, 2008.



This is ADM's 308th consecutive quarterly payment, a record of 77 years of uninterrupted dividends. As of September 30, 2008, there were 641,347,846 shares of ADM stock outstanding.



About ADM



Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world's premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about our Company and our products, visit http://www.admworld.com.



SOURCE Archer Daniels Midland Company



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