ADM's top compliance officer to depart
Nov 13 (Reuters) - Archer-Daniels-Midland's chief compliance official Ben Bard would leave the company, it said on Wednesday, without disclosing any timeline for his departure.
"Bard is leaving for personal reasons" an ADM spokesperson told Reuters in an email, but declined further comment.
Bard's departure comes a day after ADM sought an extension to file its third-quarter financial report after finding some inconsistencies with intersegment sales.
Accounting errors had already forced the company to correct six years of financial data earlier this year after an internal probe found sales between its nutrition business and other core units were not recorded properly.
ADM, which is also facing several government investigations, has tried to assuage investor concerns by testing new internal controls, naming 3M's Monish Patolawala as its finance chief and adding AT&T's chief in-house lawyer David McAtee on its board.
Bard has over 25 years of legal, compliance and risk management experience, according to ADM's website. Prior to joining ADM in 2014, he worked at Coca-Cola as senior anti-corruption and trade sanctions compliance counsel among other roles. (Reporting by Sourasis Bose and Tanay Dhumal in Bengaluru; Editing by Shailesh Kuber)
