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Who Is G. Allen Andreas Jr.?

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Updated September 28, 2024

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G. Allen Andreas Jr. is a former chief executive officer and board member🤡 of the Archer Daniels Midland Corporation, an agricultural origina🅰tion and processing company based in Chicago, Illinois.

Key Takeaways

G. Allen Andreas Jr. was the CEO of agribusiness leader, Archer Daniels Midland Corporation.
Andreas joined ADM in 1973 as an attorney.
He is credited with rebuilding Archer Daniels Midland following a price-fixing scandal in 1997.

Early Life and Education

G. Allen Andreas Jr. was born on June 22, 1943, in Cedar Rapids, Iowa. He earned both a bachelor's degree and a law degree from Valparaiso University. Andreas Jr. began his career with the U.S. Treasury Department in 1969 before joining the A🐠rcher Daniels Midland Co🍸rporation in 1973.

Archer Daniels Midland Corporation

The Archer Daniels Midland Corporation was founded in 1902 by George A. Archer and John W. Daniels in Minneapolis, Minn., and began as a linseed crushing plant. In 1923, the company acquired the Midland Linseed Products Company to include milling and processing operations. Today, Archer Daniels Midland connects crops to markets on six continents, producing food items such as oils from soybeans and cottonseed, high fructose corn syrup sweeteners, and wheat flour. In 2020, net sales exceeded $64 billion.

#2

Archer Daniels Midland is ranked as the 2nd largest agribusiness in the world, following Cargill. Agribusiness i♋s the sector encompassing farming and farming-related commercial activities.&nbs✅p;

In the 1960s, ADM company acquired a soybean processing plant owned by Dwayne Andreas. By 1970, Dwayne Andreas was named CEO of Archer🐠 Dan🌜iels Midland and he filled key executive positions with family members, including his nephew, G. Allen Andreas, Jr.

G. Allen Andreas Jr. joined Archer Daniels Midland in 1973 as an attorney. Dwayne Andreas remained CEO for 27 years and during his tenure, ADM sales grew from $450 million to $14 billion. G. Allen Andreas Jr. replaced Dwayne Andreas in 1997 amid a 澳洲幸运5官方开奖结果体彩网:price-fixing scandal and legal trouble at Archer Daniels Midl🍰and,

The price-fixing scandal cost the corporation $100 million in fines. Three former ADM executives were convicted in September 1998, including Dwayne Andreas' son Michael, the first choice for CEO as Dwayne's successor. Michael Andreas served two years in prison.

The board of directors chose G. Allen Andreas Jr. to rebuild Archer Daniels Midland after the scandal based on "his strong sense of ethics." Allen moved quickly to hone the company's ethics policies and expand overseas, forging ventures in Europe, China, Russia, South America, and Africa. ADM's sales doubled in eight years to $36 billion under G. Allen Andreas Jr.'s leadership.

G. Allen Andreas Jr. also served as a board member for ADM and he retired from his position as CEO in 2007.

What Strategies Did G. Allen Andreas Use to Help Rebuild ADM?

In 2000, Andreas revised the mission statement of the 澳洲幸运5官方开奖结果体彩网:agribusiness company to "Unlock the potential of nature to improve the quality of life." The new strategy emphasized the company's focus on nutraceuticals, over-the-counter medications made from agricultural chemicals, and other dietary supplements.

Who Was the Last Andreas to Work at Archer Daniels Midland?

When G. Allen Andreas Jr. retired in 2007, he ended a four-decade tradition of the Andreas family in leadership at ADM💛 and was the last of the family employed with the corporation.

What Were the Charges Filed for Price-Fixing at ADM?

With whistleblower testimony and a six-year investigation by the justice department, experts concluded that ADM overcharged American consumers for pork and chicken products in a price-fixing conspiracy.

The Bottom Line

G. Allen Andreas Jr. served as a board member and CEO of the Archer Daniels Midland Corporation. His family's influence at ADM ended with his retirement in 2007. He is credited with successfully rebuilding the reputation of the company after a price-fixing scandal in 1997.

Article Sources

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