G. Allen Andreas Jr.


DEFINITION of 'G. Allen Andreas Jr.'

The former president, chairman and CEO of agribusiness company Archer Daniels Midland (ADM). In the late 1990s he took over as CEO for his uncle, Dwayne Andreas. Andreas Jr. also served as president of ADM and in 1999 became chairman. He is known for turning the company around after it was hit with price fixing charges in 1993.

BREAKING DOWN 'G. Allen Andreas Jr.'

Born in 1943 in Iowa, Andreas Jr. joined ADM in 1973 as a lawyer. Prior to that, he worked in the U.S. Treasury Department in Denver.

Based in Decatur, Ill., ADM is an agricultural processor of human food ingredients such as vegetable oils, flour and sweeteners; animal food ingredients and feed; and biofuels such as ethanol.

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  2. Price Fixing

    Establishing the price of a product or service, rather than allowing ...
  3. Subsidy

    A benefit given by the government to groups or individuals usually ...
  4. Agricultural Credit

    Any of several credit vehicles used to finance agricultural transactions, ...
  5. U.S. Treasury

    Created in 1798, the United States Department of the Treasury ...
  6. Corporate Social Responsibility

    Corporate initiative to assess and take responsibility for the ...
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