ADM CFO to depart amid accounting probes
By Jeff Dale2024-04-24T18:42:00
Food processing company ADM announced Chief Financial Officer Vikram Luthar, who was placed on administrative leave amid a probe into the company’s accounting practices, will resign.
Luthar will depart the company at the end of September or at an earlier agreed upon date, ADM disclosed in a regulatory filing published Monday. Until then, he will support the company as a nonexecutive employee.
In January, ADM announced the Securities and Exchange Commission opened an investigation into its accounting practices, which prompted the company to put Luthar on administrative leave.