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.