Jan 29 (Reuters) - Grains trader Archer-Daniels-Midland ( ADM )

on Wednesday named Carrie Nichol as its chief

accounting officer, effective March 1, 2025, as the company

continues to grapple with accounting irregularities.

Nichol previously headed accounting operations at global

trading house and ADM competitor, Cargill. She will succeed

ADM's corporate controller Molly Fruit, who will be

transitioning into another role.

The appointment follows a period of

financial challenges for ADM

during which the company has been forced to revise its

financial statements for multiple fiscal years, including 2023

and the first two quarters of 2024.

The company has had to correct financial data for each

year from 2018 to 2023, after an internal investigation found

some sales between business units within the company were not

recorded properly.

ADM is set to report its financial statements for the

fourth quarter of 2024 next week on February 4.