ADM Stock - DOJ investigation and leadership change weigh on outlook

Edited by ad hoc news Operations & Strategy Desk. Verified prior to publication on 06/17/2026, 17:00 CET. Details in the imprint.

ADM (US0394831020) is still navigating the fallout from an accounting probe into its Nutrition segment and a pending CEO transition. The U.S. Department of Justice opened a criminal investigation into the unit’s reporting practices, and the company put CFO Vikram Luthar on administrative leave in January 2024, according to a Reuters report on the DOJ probe.

What Reuters reports on the probe

On 01/22/2024, ADM disclosed that the U.S. Department of Justice had launched a criminal investigation into accounting practices in its Nutrition segment and placed CFO Vikram Luthar on administrative leave pending an internal review. The company also withdrew its 2024 outlook at that time, Reuters reported.

The probe followed an internal investigation into revenue recognition and other accounting items in the Nutrition business, which ADM had built up through acquisitions as a higher-margin growth engine. Trading in ADM shares was briefly halted on the news before resuming lower that day, according to Reuters coverage.

CEO transition and operational focus

In April 2024, ADM said that long-serving CEO Juan Luciano would step down and be succeeded by board member and former Bunge executive Greg Heckman in early 2025, while Luciano becomes executive chairman, according to an ADM leadership transition release.

The leadership change comes as ADM is working to restore confidence in its reporting and sharpen its strategy around core grain trading, oilseeds, and processing, while reassessing capital allocation in Nutrition and other growth areas.

How ADM makes its money

ADM generates the bulk of its revenue from merchandising and processing agricultural commodities, including corn, soybeans, and wheat, into products such as vegetable oils, protein meals, ethanol, and food ingredients. Its Nutrition segment focuses on flavors, specialty proteins, and health ingredients for food, beverage, and supplement makers.

Where the stock trades today

ADM shares trade on the New York Stock Exchange at $81.20 as of 06/17/2026, 17:00 CET.

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