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ADM's top compliance officer to depart
Nov 13, 2024 12:11 PM

Nov 13 (Reuters) - Archer-Daniels-Midland's ( ADM )

chief compliance official Ben Bard would leave the company, it

said on Wednesday, without disclosing any timeline for his

departure.

"Bard is leaving for personal reasons" an ADM spokesperson

told Reuters in an email, but declined further comment.

Bard's departure comes a day after ADM sought an extension

to file its third-quarter financial report after finding some

inconsistencies with intersegment sales.

Accounting errors had already forced the company to correct

six years of financial data earlier this year after an internal

probe found sales between its nutrition business and other core

units were not recorded properly.

ADM, which is also facing several government investigations,

has tried to assuage investor concerns by testing new internal

controls, naming 3M's Monish Patolawala as its finance chief and

adding AT&T's chief in-house lawyer David McAtee on its board.

Bard has over 25 years of legal, compliance and risk

management experience, according to ADM's website. Prior to

joining ADM in 2014, he worked at Coca-Cola as senior

anti-corruption and trade sanctions compliance counsel among

other roles.

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