ADM's CFO agrees to resign amid DOJ investigation. What's the board's next move? [Fortune]
Nordson Corporation (NDSN)
Last nordson corporation earnings: 2/19 04:30 pm
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Source: Fortune
In January, I reported that CFO and SVP Vikram Luthar, in the role since 2022, had been placed on administrative leave —Ismael Roig was named interim CFO—amid an investigation of accounting issues tied to ADM's nutrition segment, which produces ingredients for both human and animal food. The inquiry was sparked by a voluntary document request from the Securities and Exchange Commission. And now with Luthar, according to an April 19 SEC filing by ADM, agreeing to resign as CFO effective Sept. 30, I contacted the company to see what its plans were regarding a permanent finance chief. “ADM has initiated a formal selection process to identify the company's next CFO,” the company told me in an email. “Vikram Luthar is transitioning to a non-executive position, until the end of September, to support transitional efforts as needed. We appreciate Vikram's many years of service to ADM, and wish him the best in the future.” The company didn't comment on the ongoing investigation. Luthar,
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NDSN
Earnings
- 2/21/24 - Beat
NDSN
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/26/24 - Form 8-K
- NDSN's page on the SEC website