ADM Taps 3M Executive as New CFO in Wake of Accounting Scandal

Archer-Daniels-Midland Co. appointed a new chief financial officer on Wednesday, almost six months after the global food processing and commodities giant suspended its finance chief as US regulators probed its accounting.

Monish Patolawala, former CFO of 3M Co., will start his new role on Aug. 1, the agriculture supply company said in a securities filing.

• Patolawala replaces ADM’s ex-CFO Vikram Luthar . ADM stunned the market in January when it put Luthar on leave as CFO after announcing the Securities and Exchange Commission ...