WHO IS 'G. Allen Andreas Jr.'

G. Allen Andreas Jr. is an American businessman.

BREAKING DOWN 'G. Allen Andreas Jr.'

G. Allen Andreas Jr. is the former president, chairman and CEO of Archer Daniels Midland, an agribusiness company that is one of the largest food processing and food ingredient providers. Archer Daniels Midland makes products for human consumption along with animal feed and products for use in the industrial and energy sectors.

Born in 1943 in Iowa, G. Allen Andreas Jr. joined Archer Daniels Midland in 1973, working on the legal team. Prior to working for the family corporation, Andreas worked in the U.S. Treasury Department in Denver. He took over the role of CEO at Archer Daniels Midland in the late 1990s from his uncle Dwayne Andreas. The transition was marked by controversy, as several Archer Daniels Midland executives had participated in price fixing, including the son of Dwayne Andreas, who many believed would be the next CEO of the corporation. Instead, G. Allen Andreas Jr. went on to serve as president and chairman, and is now known for turning the company around after the price fixing charges. Andreas retired from his position in 2007, effectively ending his family’s dynasty at the corporation. He was succeeded by Patricia Woertz.

G. Allen Andreas Jr. and Archer Daniels Midland

Andreas is mostly known for running the major agribusiness cooperation Archer Daniels Midland, headquartered in Chicago and currently run by Juan R. Lucian. The agribusiness corporation is one of the largest agricultural processors in the world, serving over 170 countries. Archer Daniels Midland employs around 31,000 people worldwide, with 270 ingredient manufacturing facilities and 420 crop procurement facilities across the globe. Archer Daniels Midland produces oils and meal from soybeans, cottonseed, sunflower seeds, canola, peanuts, flaxseed, palm kernel and diacylglycerol oil, along with corn germ, corn gluten feed pellets, syrup, starch, glucose, dextrose, crystalline dextrose, high fructose corn syrup sweeteners, cocoa liquor, cocoa powder, cocoa butter, chocolate, ethanol, and wheat flour.

Founded in 1902 by George A. Archer and John W. Daniels in Minneapolis, Minnesota, the Archers Daniels Midland Corporations started as a linseed crushing business. In 1923, they acquired the Midland Linseed Products Company and they grew the business to include milling and processing. The Andreas family began its reign of the company in 1970 when Dwayne Andreas became the chief executive officer, marking the era during which the the corporation became a major industrial agribusiness powerhouse.
 

RELATED TERMS
  1. Eric Daniels

    American-born Eric Daniels was the group chief executive of London-based ...
  2. Sir Allen Stanford

    Sir Allen Stanford is a former banker that is convicted of securities ...
  3. Regulation G

    Regulation G is a federal banking regulation governing the disclosure ...
  4. Herbert M. Allison Jr.

    Became the president and CEO of Fannie Mae in 2008. Fannie Mae ...
  5. Daniel L. McFadden

    Daniel L. McFadden is an American econometrician and co-winner ...
  6. Agricultural Credit

    Agricultural Credit is any of credit vehicle used to finance ...
Related Articles
  1. Top 5 Wheat Stocks of 2016 (ADM, MON)

    There is limited exposure to pure plays in wheat for stock investors, but here are the top five wheat-market-related equities for 2016.
  2. Investing

    Top 5 Agriculture Stocks of 2016

    The stocks with roots in the Ag business, appear well-positioned to grow with the population.
  3. Investing

    Top 5 Farming Stocks of 2016 (MON, DE)

    The agricultural industry is likely to experience long-term growth as the world’s population increases. These top farming stocks are poised to benefit.
  4. Investing

    3 Companies You Can't Live Without

    These companies may not be sexy, but their slow-and-steady growth makes them irresistible all the same.
  5. Personal Finance

    6 Women Who Turned Failing Companies Into Winners

    We list a few notable women who turned around companies that were suffering.
  6. Investing

    Brown-Forman's Jack Daniels Tries Something New

    While putting whisky in your coffee may not be a new thing, putting Jack Daniels-flavoring in it is. The Brown-Forman (NYSE: BF-B) (NYSE: BF-A) liquor brand has launched Jack Daniel's Tennessee ...
  7. Investing

    Ethan Allen Vs. La-Z-Boy: Which Is The Better Buy

    As the economy slowly recovers, so too do Ethan Allen and La-Z-Boy.
  8. Investing

    5 Value Stocks That Can Thrive in a Bear Market

    Value stocks, maligned and disrespected during the bull market, are poised to outperform
  9. Investing

    5 Grocery Items Affected By The Rising Price Of Corn

    These items have a direct relation to the production of corn, and may have rising prices this summer.
  10. Investing

    The Perfect Investment For Chocolate-Lovers

    With mounting production problems, it might be time for investors to enjoy some hot cocoa ... investments.
RELATED FAQS
  1. Which of the following statements is (are) true with respect to price-earnings (P/E) ...

    The correct answer is: b) The reason choice I is true is because during a recession, corporate earnings will generally fall ... Read Answer >>
  2. What is the history of corporations in America?

    Read a short history of the American corporation, from the first industrial producers to the period of American business ... Read Answer >>
Trading Center