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Mon September 23, 2013
ADM To Move Headquarters From Decatur
Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.
CEO Patricia Woertz says in a news release Monday that ADM needs what she called a global center with better access to customers and employees around the world.
The company says it doesn't plan layoffs and will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters. ADM says the new headquarters would have about 100 employees.
ADM is the largest employer in Decatur.
Chicago officials say agribusiness giant Archer Daniel Midland Company is considering the city as a new location for its headquarters after more than four decades in Decatur.
City spokesman Tom Alexander said Monday that ADM is a dynamic global company and would be a good fit with Chicago. He says city officials will do their best to keep ADM in Illinois. He declined to talk details, including the status of where company talks are.
In a statement, Chicago Mayor Rahm Emanuel says he's pleased that ADM is considering staying in Illinois. He says he's ready to work with the state and the company.
The company says it won't publicly discuss details about where it might relocate. ADM is No. 27 on the Fortune 500.