Agribusiness company Archer Daniels Midland (ADM) Co. announced this week that it is exploring establishing a new global headquarters and customer center.
Archer Daniels Midland Co., located for nearly 45 years in the small central Illinois city of Decatur, IL, is looking for a new location for its headquarters with better access to its global customers and said it is considering several potential locations.
The food-processing and commodities-trading company does not plan to publicly discuss potential sites or its timetable for the decision. Published reports indicate Chicago is a potential candidate.
The company does not plan any layoffs in connection with the move to a new global center and said it will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters.
"Our company is growing and becoming more global and more customer-centric," said Patricia Woertz, ADM chairman and chief executive officer. "To continue to succeed, we need a global center in a location that allows us to travel and work efficiently with customers and employees throughout the world. We also need an environment where we can attract and retain employees with diverse skills, and where family members can find ample career opportunities."
The company said only that it is considering locations and having discussions with various public officials and advisors but does not expect to discuss those details publicly.
It expects to locate a small, corporate team at the global center, with approximately 100 jobs relocated to the center. In addition, the company plans to create a new IT tech center at the same location, adding approximately 100 new positions there over the next few years.
"As we look to establish the new global center, we remain firmly committed to the 4,400 colleagues who will continue to work in Decatur, and to the economic strength and viability of the Decatur community," Woertz said.
In recognition of the breadth and importance of the work that will continue to be centered in Decatur, the company’s office there will be designated the North American headquarters. ADM also maintains regional headquarters in Rolle, Switzerland; São Paulo, Brazil; and Shanghai, China.