Normand Legault, chair of the Board of ADM, says: “Following an executive search process that saw the Board of Directors interview both internal and external candidates, I’m very pleased to announce that Philippe Rainville has been selected as ADM’s CEO.
“Philippe’s thirty years of experience, especially the last eight years with ADM, is extremely relevant and has prepared him well to become CEO. I’m confident that Philippe is the right person to lead ADM through the next phase of its development."
Rainville enthuses: “I’m very pleased to take on that challenge along with all ADM employees."
Rainville holds a Bachelor of Commerce degree from McGill University and is a chartered professional accountant (CPA).
He started his career as an auditor and financial analyst with an accounting firm, going on to hold similar positions at Provigo (Delixo) and Pepsi-Cola.
He joined Molson Canada in 1991, where he held various roles of increasing responsibility. Upon his departure in 2004, he was vice-president, finance and financial planning, Quebec and Atlantic Regions.
Beginning in 2004, he worked for various companies including Domcor Tarkett. First hired by Aéroports de Montréal in 2008 as VP, finance and administration and chief financial officer.
He is currently its vice-president, planning, engineering and construction since 2014. In that capacity, he is responsible for the management and execution of ADM’s capital projects.
Former ACI World and ACI-NA chairman Cherry has spent 15 years at the helm of the corporation.