CHAMPAIGN, Ill. (AP) — Agribusiness giant Archer Daniels Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.
CEO Patricia Woertz (WERTZ) says in a news release Monday that ADM needs what she called a global center with better access to customers and employees around the world.
The company says it doesn't plan layoffs and will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters.
ADM says the new headquarters would have about 100 employees.
ADM is the largest employer in Decatur, about 180 miles south of Chicago. The company says it won't publicly discuss details about where it might relocate.
ADM is No. 27 on the Fortune 500.