financetom
Business
financetom
/
Business
/
ADM CFO Vikram Luthar to resign amid accounting probe
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ADM CFO Vikram Luthar to resign amid accounting probe
Apr 22, 2024 1:52 PM

April 22 (Reuters) - Grain trader Archer-Daniels-Midland ( ADM )

said on Monday that Chief Financial Officer Vikram

Luthar will resign from his role effective Sept. 30.

The company had put Luthar on administrative leave in

January when it launched an internal investigation focused on

accounting practices in its Nutrition segment, the smallest of

three business units at the 122-year-old company.

The Chicago-based grain trader is confronting past

accounting issues that have triggered two government

investigations and forced the company to revise six years of

financial data.

The company said Luthar will receive $743,419 in cash

performance incentive award for 2023.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Sriraj

Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
LibertyStream Begins Installation of Lithium Extraction Systems at Select Water Solutions' Texas Site
LibertyStream Begins Installation of Lithium Extraction Systems at Select Water Solutions' Texas Site
Mar 12, 2026
10:05 AM EDT, 03/12/2026 (MT Newswires) -- LibertyStream Infrastructure Partners ( VLTLF ) said Thursday that it has started installing its direct lithium extraction and lithium carbonate refining systems at Select Water Solutions' facility in Howard County, Texas. The systems are being integrated with Select's existing produced water pretreatment and recycling infrastructure and are expected to begin producing technical-grade and...
United Rentals Launches AI-Powered Equipment Recommendation Tool
United Rentals Launches AI-Powered Equipment Recommendation Tool
Mar 12, 2026
10:08 AM EDT, 03/12/2026 (MT Newswires) -- United Rentals ( URI ) said Thursday it has launched Equipment Agent, an artificial intelligence-powered tool designed to provide automated machinery recommendations for the rental industry. The digital assistant allows customers to describe project needs in plain language to receive tailored equipment suggestions, the company said, adding that the interface compares specifications, including...
Market Chatter: Palantir Still Using Claude Despite Anthropic's Clash With Pentagon, CEO Says
Market Chatter: Palantir Still Using Claude Despite Anthropic's Clash With Pentagon, CEO Says
Mar 12, 2026
10:06 AM EDT, 03/12/2026 (MT Newswires) -- Palantir Technologies ( PLTR ) is still using Amazon ( AMZN )-backed (AMZN) Anthropic's Claude amid the AI startup's clash with the Pentagon, CNBC reported Thursday, citing an interview with Palantir ( PLTR ) CEO Alex Karp. The Department of Defense officially designated Anthropic as a supply-chain risk last week. (Market Chatter news...
Seanergy Maritime Agrees to Acquire Two Capesize Newbuilding Vessels, Sell Older Vessel
Seanergy Maritime Agrees to Acquire Two Capesize Newbuilding Vessels, Sell Older Vessel
Mar 12, 2026
10:04 AM EDT, 03/12/2026 (MT Newswires) -- Seanergy Maritime ( SHIP ) said Thursday it agreed to acquire two Capesize vessels for $158 million and sell a Capesize vessel for $29.5 million. Seanergy said it will acquire a scrubber-fitted 181,500 deadweight tonnage Capesize newbuilding vessel, to be constructed at a first-class shipyard in Japan, from an unaffiliated party in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved