DECATUR, ILL. — Thomas R. Kadlec has been named president of ADM Investor Services (ADMIS), the wholly owned commodity futures brokerage subsidiary of Archer Daniels Midland Co., effective March 1. He will succeed Richard W. Dodson, who is retiring after a 35-year career with the company.
Mr. Kadlec began his career as an auditor at the Chicago Mercantile Exchange in 1981, and he held senior level financial positions at two Chicago-based trading and investment firms before joining ADMIS.
He has been chief financial officer and controller of ADMIS since 1990 and was promoted to senior vice-president in 2007. Also during his time at ADM he has held the position of president of ADM Derivatives, Inc., which merged with ADMIS in January 2009, and as c.f.o. of ADM Securities, Inc. In addition, he is a member of the boards of both ADMIS and ADMIS International Ltd.
Mr. Kadlec received a bachelor’s degree in business administration at the University of Iowa.