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ADM HQ To Leave Decatur

Mon, 23 Sep 2013 17:38:49 CDT
By: AP

Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters. CEO Patricia Woertz says in a news release that ADM needs what she called a global center with better access to customers and employees around the world. The company says it doesn't plan layoffs and will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters. ADM says the new headquarters would have about 200 employees. ADM is the largest employer in Decatur. Decatur has among the highest unemployment rates in the state.The company says it won't publicly discuss details about where it might relocate. ADM is No. 27 on the Fortune 500. Chicago officials say ADM is considering the city as a new location. City spokesman Tom Alexander says ADM is a dynamic global company and would be a good fit with Chicago. He says officials will do their best to keep ADM in Illinois. He declined to talk details, including the status of the talks. Mayor Rahm Emanuel says in a statement that he's pleased that ADM is considering staying in Illinois. He says he's ready to work with the state and the company.

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