Archer Daniels Midland, a processor of oil seeds, corn and wheat with $80.7 billion in 2010 revenue, named Craig Huss chief risk officer, a new position. He will manage ADM’s aggregate commodity risk, oversee productivity and cost management efforts, and chair the risk management committee. Huss, 59, served as president of ADM’s agricultural services unit since 2009. He joined the Decatur, Iowa-based company in 1999 as president of transportation and has also held management positions in origination and merchandising.
Sears Holdings, the $43.3 billion retailer, named Robert Schreisheim CFO and senior vice president. He replaces interim CFO Bill Phelan, who stepped into the position in June following the departure of former CFO Mike Collins. Schreisheim, 51, joins Sears from Hewitt Associates, where he was CFO until the company merged with Aon. Earlier, he was CFO and a director at Lawson Software. Phelan will return to his previous position as Sears’ controller, chief accounting officer and senior vice president.