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. [22], His brother Whitney MacMillan, who was Cargill's chairman and chief executive officer (CEO) from 1976 to 1995,[12][23][24][25] was described by Forbes as the "patriarch of the Cargill-MacMillan clan" who "led the company to become a global conglomerate" in his tenure as CEO. Cloudflare Ray ID: 7a301f44c8a92e9b [40] MacLennan, who had made major changes to Cargill Inc, also moved the company's headquarters from the 85-year-old lakeside offices in a mansion by a lake in Wayzata, Minneapolis to more "mundane" office space nearby. Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. [5][6], By 2019, Cargill Inc had been listed as America's largest private company since 1986, in all but two years that Forbes has maintained the list. Get the full list, Youre viewing 5 of 30 subsidiaries. You can email the site owner to let them know you were blocked. [11] are part of the fourth generation. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. He served on the board of directors for many years. Director of Ecolab since 2015. The Cargill executive team is 26% female and 74% male. Dr. Omar Ishrak elected to Cargill Board of Directors The New England Patriots plan to release 37-year-old quarterback Brian Hoyer at the beginning of the 2023 league year, as first reported by SiriusXM NFL's Adam Caplan. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Thailand Spent $13 Billion in Three Years to Fight Pandemic, UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Rivian Tells Staff EV Output May Be 24% More Than Forecast. "[46], Margaret Anne Cargill, a fourth generation member of the Cargill family, who died in 2006, had bequeathed her shares of the "Minnesota-based food, agriculture and fertilizer conglomerate" Cargill Inc worth about $6 billion to two non-profitsthe Anne Ray Charitable Trust and the Margaret A. Cargill Foundation. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. In 2000, Watson led the integration following the Chevron-Texaco merger and became the company's chief financial officer. The action you just performed triggered the security solution. Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information To view Cargills complete valuation and funding history, request access, To view Cargills complete patent history, request access, Youre viewing 5 of 133 executive team members. As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. Virginia (Ginni) M. Rometty elected to Cargill's Board of Directors Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. Click to reveal He remained as Cargill CEO for 3540 years. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. Ishrak grew up in Bangladesh. The company was founded in 1865 when W.W. Cargill started a grain. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Retired Chairman and Chief Executive Officer of Cargill. Lucy MacMillan Stitzer, a member of the Cargill-MacMillan family, former Cargill board member, and founder of the Dirt to Dinner blog, has extensive experience in agriculture, banking, investments, and corporate governance. The fourth generation includes the two sons and daughter of James R. Cargill (19232006) and his wife Mary Janet Morse Cargill (died February 5, 2010). MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. Ishrak joined Medtronic as CEO in June. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. For more information, visit Cargill.com and our News Center. We have 155,000 employees in 70 countries who are committed to . Cargill Inc - Company Profile and News - Bloomberg Markets He is a member of the board of trustees of Minnesota Public Radio as well as the Asia Society, the leading educational organization dedicated to promoting mutual understanding and strengthening partnerships among peoples, leaders and institutions of Asia and the United States. www.cargill.com Formerly Known As W.W. Cargill and Brother Ownership Status Privately Held (backing) Financing Status Private Debt Financed Primary Industry Other Financial Services Other Industries Other Agriculture Primary Office Post Office Box Number 9300 Minneapolis, MN 55440-9300 United States +1 (800) 000-0000 Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. [4] Following the death of William Cargill in 1909, his son-in-law John MacMillan steered the company out of a debt crisis and into stability. [33] The net worth of her daughter, Gwendolyn Sontheim Meyer (born 1961/62), the great-great-granddaughter of William W. Cargill, was $4.4 billion in 2020, placing her #680 on the richest people in the United States in 2020. This combination of proven people, operational and market leadership make him a valuable addition to our board., We use cookies to provide you with a better experience. He attended Oregon State University and University of Minnesota. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. According to Forbes, 8 of the family members are billionaires. Your IP: [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. Gregory Page | Board Member | Corteva Agriscience [20], In the mid-1990s, "family factions" made an agreement, which is in the company's bylaws, stipulating that only six members of the family sit on Cargill's 17-person board:[10] four Macmillans and two Cargills. [1] Cargill donates $500K for new Kansas African American Museum site [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. John's knowledge and insights will be invaluable for Cargill and our board.". [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. Page served as Executive Director of Cargill from 2015 to 2016, Executive Chairman from 2013 to 2015, Chief Executive Officer from 2007 to 2013, and President from 2000 to 2007. And, yes, we've come a long way, baby! John S. Watson, retired chairman of the board and chief executive officer of Chevron Corporation, has been elected to the Cargill Board of Directors, effective today. The action you just performed triggered the security solution. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. About CargillCargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. He also will lead the company's corporate trading strategy. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. Dismiss. The company's products include grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. from 8 AM - 9 PM ET. [7], The exact wealth of the family is unknown, as the Cargill company is a privately owned business entity with no obligation to disclose exact ownership. [14] Margaret Anne Cargill, who died in 2006, had bequeathed all her shares in the Cargill conglomerate to two non-profits,[14] but the funds could not be liquidated from the private company. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Page joined Cargill in 1974 as a trainee assigned to the Feed Division and over the years held a number of positions in the United States and Singapore, including working with the start-up of a poultry processing operation in . [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. In 1936, when Cargill Incorporated was formed with the merger of various Cargill businesses, John MacMillan, Sr. handed the presidency to a third generation of the Cargill-MacMillan family, his son John MacMillan, Jr.[18] By this time, Cargill Inc had offices in Canada and Italy, as well as many subsidiaries across the United States. Join now Sign in . [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Cargill provides food, agriculture, financial and industrial products and services to the world. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. Bernard Poussot Board Member 2010 David MacLennan Board Member 2022 Gregory Page Board Member Ginni Rometty Board Member 2022 Richard Anderson Board Member Louis R. Chenevert Board Member Choose the right Crunchbase solution for you Start Your Free Trial Crunchbase News Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. Dr. Ishrak joined Medtronic as their CEO in June 2011, retiring in April 2020 and staying on as executive chairman and chairman of the board until December 2020. Board Member . "Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. This is a profile preview from the PitchBook Platform. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CARGILL STRENGTHENS EXECUTIVE TEAM WITH THE APPOINTMENTS OF JOANNE KNIGHT AS CHIEF FINANCIAL OFFICER, PHILIPPA PURSER AS HEAD OF STRATEGY AND GLOBAL PROCESS LEADER, BASF and Cargill further expand their partnership to offer high-performance enzyme solutions to animal protein producers in the United States. Based on our data team's research, David MacLennan is the Cargill's CEO. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. [15], In 2019, Forbes described Cargill Inc as an "international producer and distributor of agricultural products such as sugar, refined oil, chocolate and turkey" that also "provides risk management, commodities trading and transportation services. (19001968). Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Get the full list, Morningstar Institutional Equity Research, Stabilized steviol glycoside malonic acid esters, President & Regional Director, Asia Pacific (Agriculture), President & Business Unit Leader - Cargill Industrial Specialties, Chairman of Asia Pacific and Head of Corporate Strategy. "[14], The family-owned Cargill Inc., expanded from a "small-scale frontier enterprise"a grain storage businesswith William Cargill's acquisition in 1865 of a "grain flat house" (a warehouse at the end of a railway line in Iowa) into a "complex international organization and a successful competitor in global markets. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. Explore institutional-grade private market research from our team of analysts. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [4][40] Non-family Cargill CEO David MacLennan has taken the "next-generation family members on tours of the company's facilities and answers family members' questions weekly. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. Board Members - Margaret A. Cargill Philanthropies David Cargill was a national board member for the Arts Council for England, using his position to prioritise regional investment in the arts Other lives Arts Council England Obituary David. China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, China Aims to Boost Grain Capacity Under New Food Security Push, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Estonias Premier Faces Far-Right Test With NATO Unity at Risk, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, This African Country Of Millions Is Without PowerHeres What We Know, REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union, What It Took To Bring Daisy Jones And The Six To TV, Texas GOP Censures Rep. Gonzales For Supporting Same-Sex Marriage And Gun Safety, New England Patriots Reportedly Set To Release Brian Hoyer, Leaving Two In The Quarterback Room, Salesforce Gapped Higher On Better-Than-Expected Earnings. This combination of proven people, operational and market leadership make him a valuable addition to our board," said David MacLennan, Cargill's chairman and CEO. Pedro Cortez Cargill - Board Member - Atipicus | LinkedIn Pedro Cortez Cargill CTO Providencia, Regin Metropolitana de Santiago, Chile 722 seguidores Ms de 500 contactos Unirse para ver. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CARE, Cargill renew partnership to support women in agriculture during worsening global hunger crisis. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. [1] Fourteen of the family members were still billionaires in 2019. Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . . [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". Cargill, Pinnacle Foods Appoint New Board Members When typing in this field, a list of search results will appear and be automatically updated as you type. Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. In 2005, he was elected president of Chevron's international exploration and production company, and, in 2008, elected executive vice president for strategy and development. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Watson joins six other independent directors on Cargill's board: Richard H. Anderson, president and chief executive officer of Amtrak; Louis R. Chnevert, retired chairman and chief executive. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Cargill Elects John Watson to Board of Directors - Feed & Grain Get the full list, Youre viewing 3 of 11 board members. Lundquist spent 16 years with leading retailer and Cargill . Cargill Corp - Company Profile and News - Bloomberg Markets [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. He has a global perspective, with deep understandings of manufacturing economics, performance through technology, sectoral change and market volatility, geopolitical risk and more. In an article entitled, "The Richest People You've Never Heard Of", Forbes estimated that the fortunes of the MacMillans were worth $1.2 billion each, and that of James and Margaret Cargill were estimated at $1.8 billion each. The most recent family members appointed to the board are fifth generation. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. Stone joins 15 other members on Cargill's board, including independent directors Richard H. Anderson, retired chairman of Delta Air Lines, Inc.; Louis R. Chnevert, retired chairman and chief. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. Retired Chairman and Chief Executive Officer of Cargill. Mr. [1] The company "generates $108 billion in annual revenues". The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. Cargill Dow is building a global . Side-by-side, we are building a stronger, sustainable future for agriculture. The country's leadership set this year's economic growth target at around 5%, a target more modest than some had previously projected as policymakers take into account a wide range of difficulties besetting the worlds second-largest economy. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Data Fraud Is Focus To Bolster Chinas Lackluster Carbon Market, China Gives New Backing to Coal Even as Clean Energy Accelerates, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Executive Team | Cargill [20][21] His estimated net worth was $2.6 billion when he died. Proven record of managing risk, leading effective global operations and commercial teams. Virginia (Ginni) M.. Roger Watchorn is joining the company's executive team as leader of Cargill's Agriculture Supply Chains (CASC) business, which also includes the company's Ocean Transportation and World Trading Group. Cargill testing new sail technology for cargo ships to cut emissions The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. Performance & security by Cloudflare. "[14] In 2012 Margaret Anne Cargill posthumously earned the #1 spot in The Chronicle of Philanthropy's annual list of America's 50 most generous donors, beating George Soros, Michael Bloomberg and Paul Allen. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Click to reveal MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. He now serves on the University of California, Davis Chancellor's Board of Advisors. Cargill - Wikipedia Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel. Cargill married Ellen "Ella" Theresa Stowell, and they had four childrenWilliam "Will" Samuel Cargill, Edna Clara Cargill (18711963),[32] Emma Cargill, and Austen Cargill (died 1957)the second generation of the Cargill family. 9% of employees are Black or African American. 2023 Forbes Media LLC. Aerospace & Defense category Boeing nominates first Europe-based board member, . In announcing the winner Forbes said that "Not only is she almost entirely unknown, but the heiress to the Cargill agribusiness fortune passed away in 2006. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. Cargill Board Members Name & TitleBio David MacLennan CEO Chairman and Chief Executive Officer of Cargill, Incorporated, a privately held company and world-leading producer and marketer of food, agricultural, financial, and industrial products and services. MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. The most common ethnicity among Cargill executive officers is White. Cargill names new board member | 2021-01-21 | MEAT+POULTRY The Amazon Prime Video show's creative team reveals how a bidding war, authenticity, and passion fueled the adaptation of the best-selling novel. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . Their 2009 annual earnings dropped 15% to $3.3 billion. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. Human Rights More . "[27] He was the last Cargill "family member to serve as chief executive officer". All rights reserved. The third generation included the four children of Edna and John H. MacMillan Sr (18691940)John H. MacMillan Jr (18951960) and his wife Marion Dickson (18921980)John Hugh MacMillan III (19282008), Whitney Duncan MacMillan (19302006), and Marion MacMillan Pictet (19302009), who had a daughter, Gwendolyn Sontheim Meyer who had two children. "[23], According to a March 2, 2015 article in the Business Insider, Cargill Inc had "75 businesses employing 143,000 people in 67 countries" with a yearly revenue in 2013 of over $134 billion. Today the company sells and markets food, trades commodities and provides financial risk management.