MEMPHIS, TENN. — Ray Richard has been named senior vice-president of risk management and procurement at Stratas Foods L.L.C., a joint venture of Archer Daniels Midland Co. and ACH Food Companies, Inc., which is a subsidiary of Associated British Foods.
Mr. Richard has more than 30 years of experience in procurement, risk management, sales and operations within the edible oil industry. Most recently he was senior vice-president of commodity operations at Ventura Foods, L.L.C.
He is an advisory board member to the Institute of Shortening and Edible Oils and second vice-president of the National Institute of Oilseed Products. He is a past board member of the American Fats and Oils Association.
Stratas Foods provides customers with service and product innovation in the edible oils industry.