2 months, 2 weeks ago From chicagobusiness.com
Decatur is the second smallest home to any company in the Fortune 500
From From chicagobusiness.com:
Archer Daniels Midland Co. is shopping for a new city to call its world headquarters after more than four decades in Decatur and a move to Chicago has been discussed for several years.
After a decade of exponential growth thanks to booming ethanol sales and a strong food market, ADM CEO Patricia Woertz said in a statement that the company plans to move out of Decatur to attract top-notch talent and reduce customer travel times.
“We have heard from investors that if they could get on a plane and fly non-stop to our headquarters that they would be thrilled,” said Victoria Podesta, ADM's chief communications officer. And “we need to be in an environment where we have access to a wide array of talent.”
ADM, which has 30,000 workers globally, including 4,500 in Decatur, said that in the coming year it plans to move about 100 existing jobs from a variety of departments to its new headquarters. It also plans to create a technology center near the new headquarters and hire another 100 employees for it over the next few years.
The company is No. 27 on the Fortune 500. With the exception of Wal-Mart Stores Inc., which has its headquarters in Bentonville, Ark., every larger company on the list is based in a major metropolitan area.