Juan R. Luciano

Chair of the Board, CEO, and President at Archer-Daniels-Midland

Board

Since January 2015

Age

63 years

Tenure

Joined ADM in 2011 as Executive Vice President and Chief Operating Officer, promoted to President in 2014, became CEO and President in January 2015, and was appointed Chair of the Board in January 2016

Also at Archer-Daniels-Midland

Carrie Nichol

Vice President and Chief Accounting Officer

CMC

Christopher M. Cuddy

Senior Vice President and President, Carbohydrate Solutions

GAM

Gregory A. Morris

Senior Vice President and President, Agricultural Services and Oilseeds

About

Juan R. Luciano is a seasoned executive with extensive experience in the agricultural and nutrition sectors, known for his strategic vision and leadership at a globally recognized company.

Prior to his tenure at ADM, he spent 25 years at a leading chemical company where he held several executive roles, which laid the foundation for his transformative approach in the agribusiness industry.

Since joining ADM, he has spearheaded major growth initiatives and operational improvements, driving advancements in sustainability, global market expansion, and technological innovation.

$ADM Performance Under Juan R. Luciano

Past Roles

Organization	Role	Date Range	Details
Archer-Daniels-Midland Company (ADM)	Chief Executive Officer and President	2015-2016	Oversaw commercial & production activities
Archer-Daniels-Midland Company (ADM)	President and Chief Operating Officer	2014	Oversaw operations
Archer-Daniels-Midland Company (ADM)	Executive Vice President and Chief Operating Officer	2011-2014	Oversaw production, research, and risk management functions
The Dow Chemical Company	Executive Vice President and President, Performance Division	2010-2011	Held a leadership role in the Performance Division
The Dow Chemical Company	Various roles	1985-2010	Served in multiple capacities over a 25-year tenure
Kellogg School of Management, Northwestern University	Board Member	N/A	Former academic board position

External Roles

Organization	Role	Date Range	Details
Eli Lilly and Company	Lead Director	Current	Current active board leadership
Rush University Medical Center	Director	Current	Current active position
Intersect Illinois	Board Member	Current	Current active board membership
Economic Club of Chicago	Member	Current	Active club membership
Commercial Club of Chicago	Member	Current	Active club membership
The Business Roundtable	Member	Current	Active membership

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,482,918	Annual (2023)	Fixed salary for 2023
ADM Retirement Plan	$145,350	As of December 31, 2023	Present value of accumulated benefit
ADM Supplemental Retirement Plan	$502,590	As of December 31, 2023	Present value of accumulated benefit

Performance Compensation

Data from FY 2023

Non-Equity Incentive Plan Compensation

Metric	Value	Details
Target	$2,985,000	Annual target for 2023
Threshold	$746,250	Minimum performance level
Maximum	$5,970,000	Incentive cap
Actual Payout	$3,609,611	120.9% of target achieved
Weighting	75% Company / 25% Individual	Distribution between company and individual metrics
Evaluation Period	Fiscal Year 2023	Period for measuring performance
Payment Schedule	Annual, post fiscal year	Paid after performance evaluation
Performance Metrics	Adjusted EBITDA, Adjusted ROIC, Strategic Goals	Key indicators for performance assessment

Performance Share Units (PSUs) Compensation

Metric	Value	Details
Grant Date	February 9, 2023	Date when PSUs were granted
Performance Period	Jan 1, 2023 – Dec 31, 2025	Three-year performance evaluation period
Target PSUs	131,762	Number of PSUs at target performance
Maximum PSUs	263,524	Number of PSUs at maximum performance
Grant Date Fair Value (Target)	$10,751,779	Fair value of PSUs at target performance
Grant Date Fair Value (Maximum)	$21,503,558	Fair value of PSUs at maximum performance
Payout Range	0% to 200%	Variable payout based on performance
Vesting Schedule	Vests at end of 3-year period	Conditional on achieving performance targets
Performance Metrics	Adjusted ROIC, Adjusted EPS, ESG Modifier	Includes gender parity and GHG emissions targets
Additional Details	Dividend equivalents accrued and settled in cash	Paid at the end of the performance period