ADM, a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company, recently announced the appointment of Carrie Nichol as vice president and chief accounting officer (CAO), effective March 1. Nichol will be succeeding Molly Strader Fruit, who currently serves as vice president and corporate controller but will be transitioning into a new role as vice president of total rewards and HR operations within the organization.
In her new role, Nichol will be tasked with overseeing the company’s external and management accounting and reporting processes, internal control functions, and insurance and risk management department. She will report directly to Monish Patolawala, who assumed the position of executive vice president and chief financial officer at ADM in July 2024.
Carrie Nichol brings with her over two decades of experience in finance and accounting, with her most recent position being senior vice president, CAO, and global process leader at Cargill. During her time at Cargill, Nichol was responsible for managing the company’s accounting operations, including corporate and technical accounting, internal controls, and financial global business services. Additionally, she oversaw Cargill’s global process organizations, seven global capability centers, and the finance organization’s process, data, and technology teams.
Prior to her tenure at Cargill, Nichol served as vice president, controller, and CAO at Zimmer Biomet, a leading orthopedic medical device company. She began her career in public accounting with KPMG LLP, gaining valuable experience that has contributed to her success in the field of finance and accounting.
Monish Patolawala expressed confidence in Nichol’s abilities, citing her depth of knowledge and proven track record in corporate finance and accounting as assets that make her an excellent addition to ADM’s finance organization and leadership team. He emphasized his belief that Nichol is the right individual to lead this crucial aspect of the business and expressed his anticipation of collaborating with her to further the company’s strategic priorities.
ADM’s decision to appoint Carrie Nichol as vice president and chief accounting officer underscores the company’s commitment to maintaining strong financial oversight and governance. With Nichol’s wealth of experience and expertise in finance and accounting, ADM is well-positioned to continue its growth and success in the global market.
In conclusion, Carrie Nichol’s appointment as vice president and chief accounting officer at ADM represents a strategic move to strengthen the company’s financial leadership team. Her extensive background in finance and accounting, coupled with her proven track record of success in previous roles, make her a valuable asset to ADM as it continues to pursue its strategic objectives and drive sustainable growth in the future.
