Who Is G. Allen Andreas Jr.?
G. Allen Andreas Jr. (1943) is an American businessman. He was previously chair and chief executive officer of Archer Daniels Midland Company (ADM), an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois.
- G. Allen Andreas Jr. was CEO of Archer Daniels Midland (ADM), a company in the S&P 500 index.
- Andreas joined ADM in 1973 as an in-house lawyer and rose through the ranks until he retired from the CEO position in 2007
- Andreas is credited with growing ADM's agribusiness division and turning the company around from the brink of financial failure.
A Brief Biography of G. Allen Andreas Jr.
G. Allen Andreas Jr. is the former president, chair, 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 Cedar Rapids, 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 chair, and he 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, and flaxseed, as well as 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 grew the business to include milling and processing. The Andreas family began its reign in 1970 when Dwayne Andreas became the chief executive officer, marking the era during which the the corporation became a major industrial agribusiness powerhouse.