On July 10, 2024, Archer-Daniels-Midland Company announced that the Board of Directors of the Company has appointed Monish Patolawala to serve as the Company's Executive Vice President and Chief Financial Officer, effective August 1, 2024. Mr. Patolawala will succeed Ismael Roig, who has been serving as the Company's Interim Chief Financial Officer since January 21, 2024. Mr. Roig will continue to serve as the Company's President of EMEA and President of Animal Nutrition.

Mr. Patolawala, age 54, most recently served as President and Chief Financial Officer of 3M Company (3M") since September 2023. Prior to that, he served as Executive Vice President, Chief Financial and Transformation Officer of 3M since October 2021 and as Senior Vice President and Chief Financial Officer of 3M since July 2020. Prior to 3M, Mr. Patolawala was Chief Financial Officer, GE Healthcare, and Vice President, Operational Transformation, General Electric, from 2019-2020, and Chief Financial Officer, GE Healthcare from 2015-2019.

Prior to that, Mr. Patolawala served as Chief Financial Officer of GE Transportation from 2010 to 2015. Mr. Patolawala currently serves on the Board of Directors of Biogen Inc.