ADM Shareholder Calls for CEO to Leave as Probe Drags On

It’s been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion from one of the world’s largest agricultural commodities traders.

Now, a shareholder and former executive at a company owned by ADM is calling on Chief Executive Officer Juan Luciano to step down, citing the lack of transparency about exactly what happened and how it will be fixed.

In a social media post, Hartwig Fuchs said ADM didn’t do enough to reverse the share loss and that the Chicago-based company “doesn’t communicate any valuable statements.” Fuchs was board chairman at Toepfer ...