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ADM CFO Vikram Luthar to resign amid accounting probe
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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)

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