The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. White is the most common ethnicity company-wide. She was on the list of billionaires in 2010. [16]:xiii The success of the company under his tenure from 1936 to 1960 was due in large part to the team he formed with a second-generation family member, MacMillan Jr's uncle, Austin Cargill, who had joined the company in 1913,[16]:245 and Cargill MacMillan Sr. He has also held various management positions with US Bancorp Piper Jaffray and Goldberg Securities.Qualifications - With more than 25 years of leadership experience at Cargill, Mr. MacLennan has developed significant leadership and strategic planning skills, as well as extensive knowledge and insight in corporate governance, risk management, financial management and global business practices. Cision Distribution 888-776-0942 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 He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Cargill invested more than $10 million in 2020 to support Black, Indigenous and people of color (BIPOC) children and families in our headquarters community of Minneapolis-St Paul, the United States and beyond through education, mentoring, nutrition and digital access programs. [1] Fourteen of the family members were still billionaires in 2019. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. [4], From 1999 until his retirement in 2007, a nonfamily member, American investor and businessman, Warren Staley, was CEO of Cargill, Inc. of Minneapolis, Minnesota. This is a profile preview from the PitchBook Platform. Join now Sign in . [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. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. The remaining 10 percent was owned by Cargill employees. [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. Based on our data team's research, David MacLennan is the Cargill's CEO. Today the company sells and markets food, trades commodities and provides financial risk management. The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. "Omar's deep international. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. He also will lead the company's corporate trading strategy. He remained as Cargill CEO for 3540 years. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. He also is a member of the board of directors of the Cleveland Clinic as well as a member of the board of trustees of Minnesota Public Radio and the Asia Society. 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. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. Fourteen Cargill family members are said to be billionaires - "one of the largest concentrations of wealth in any family- controlled business anywhere in the world," according to Bloomberg. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. Side-by-side, we are building a stronger, sustainable future for agriculture. This website is using a security service to protect itself from online attacks. 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. "[17] Cargill had 160,000 employees.[17]. California Weighs $360,000 in Reparations to Eligible Black Residents. Mar 1, 2023. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. The action you just performed triggered the security solution. 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. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. "[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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Get the full list, Youre viewing 5 of 30 subsidiaries. [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. [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. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 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. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". [1] The magazine listed the family's estimated net worth as $38.8 billion and the source of their wealth as Cargill Inc.[1] By 2019, "23 members of the Cargill-MacMillan family own 88% of [Cargill Inc]. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. Mr. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Brian Sikes President and Chief Executive Officer Julian Chase Business Operations and Supply Chain Pilar Cruz Chief Sustainability Officer Ross Hamou-Jennings Chair of Asia Pacific Jennifer Hartsock Chief Information and Digital Officer This button displays the currently selected search type. Human Rights More . 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. He is past-chair of the board of Big Brothers Big Sisters of America, past president of the Northern Star Council of the Boy Scouts of America and continues to serve on both boards as well as the board of Alight (formerly known as the American Refugee Committee). [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. The four children of their second oldest son, Cargill MacMillan Sr (19001968) and his wife Pauline Whitney (19001990) are also second generationCargill MacMillan Jr (19272011), Whitney MacMillan (1929-2020), Alice Whitney MacMillan (19321932), and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota). Neither of the new board members, who were both in their mid-thirties, have ever worked for the company, but "they have taken corporate governance courses". 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. Click to reveal Performance & security by Cloudflare. 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. 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). Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. Hints and clues to help you with today's Wordle. Virginia (Ginni) M.. An agreement among different branches of the family puts six family members on Cargill's 17-person board. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. 176.74.19.164 Proven record of managing risk, leading effective global operations and commercial teams. [1] The company "generates $108 billion in annual revenues". Jobs People Learning Dismiss Dismiss. "John brings a wealth of experience from his long career at Chevron. Mr. Ishrak grew up in Bangladesh. He now serves on the University of California, Davis Chancellor's Board of Advisors. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . [33][39] Three of Cargill MacMillan Sr's four children Whitney MacMillan, Alice Whitney MacMillan, and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota),[33] were on "The 400 Richest Americans 2009" with a listed revenue of $4.3 billion each. Joining Chevron in 1980 as a financial analyst, he went on to hold financial, analytical and supervisory positions before being appointed president of Chevron Canada Limited in 1996. Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. His retirement from the company and its board on Feb. 1 was announced by Chevron on Sept. 28, 2017. [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. Cargill Dow is building a global . 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. 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. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. 154.26.131.122 The Cargill-MacMillan family is the fourth-wealthiest family in America. Mr. 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. "[1], A review of William Duncan MacMillan's 1998 book MacMillan: The American Grain Family,[31] described the MacMillans as "one of Minnesota's wealthiest clans" and "one its most doggedly secretive". "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Retired Chairman and Chief Executive Officer of Cargill. He served on the board of directors from 1963 to 1996. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. Kevin Cargill serves as the Vice President and Chief Financial Officer of Adventist HealthCare White Oak Medical Center. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. Board Members - Margaret A. Cargill Philanthropies Paul Busch announces his retirement as President & CEO at Margaret A. Cargill Philanthropies Learn More Margaret A. Cargill Philanthropies expands its governance structure Learn More Domains About Careers News Resources Search Contact Board Members [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. 11% of the management team is Black or African American. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. [28] A Star Tribune article at the time of his retirement, said that prior to Staley's tenure, Cargill was considered to be "the agricultural industry's version of the CIA". 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 up-gunned, tracked MT-LBs are further evidence of the Kremlins worsening equipment crisis as it struggles to make good its losses in Ukraine. from 8 AM - 9 PM ET. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. Win whats next. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. 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. "[14], This article is about the Cargill-MacMillan U.S. business family. Retired Chairman and Chief Executive Officer of Cargill. With fourteen billionaires in the family in 2019,[1][8] the Cargill family has more individual billionaires among its members than any other family anywhere in the world,[9] making them the family with the most wealthy members in history. [19]:249, Cargill MacMillan Jr. (19272011), Cargill MacMillan Sr.'s (19001968) oldest son and the great-grandson of W. W. Cargill, worked at Cargill for 38 years and retired in 1988. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Musk Made a Mess at Twitter. Dismiss. The company was founded in 1865 when W.W. Cargill started a grain. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 - October 17, 1909) and his son-in-law John H. MacMillan Sr. [16]:xxxi Cargill's wealth increased, as the Great Plains were transformed into a breadbasket, providing grain to the country, and the railroads expanded east to west in the last quarter of the nineteenth century. 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. 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. Design, CMS, Hosting & Web Development :: Sign up for our free newsletters to stay informed on each days news and trends, Conagra Brands adds new member to board of directors, Tyson nurse charged for impersonation of a medical professional, Temple Grandin addresses the recent controversy regarding CAS, PSSI to pay $1.5 million for child-labor violations. 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. Mr. The four women are sisters, the daughters of W. Duncan MacMillan, who was a Cargill board member for three decades and who died in 2006 as the 216th-richest man in America, Forbes previously reported. Brent Reitz | Board Member Brent Reitz was named President of Adventist HealthCare's Post-Acute Care Services division, a combination of Rehabilitation, Home Care and Care Navigation service lines, in December of 2019. [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. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. "[28], In a 2007 Forbes article on "The Richest People You've Never Heard of", Cargill Inc was 90 percent owned by the Cargill-MacMillan family and was still the "largest private company in America". Cargill provides food, agriculture, financial and industrial products and services to the world. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. 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. 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 . Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. Investing in education. Watson retired from Chevron and its board after a distinguished 37-year career at the company. Cargill serves customers worldwide. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? Cision Distribution 888-776-0942 MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. 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. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. 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. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Prior to these roles, Mr. MacLennan held several other positions with Cargill, including Chief Financial Officer, President of Cargill Energy and Managing Director of the Value Investment Group. [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. 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. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. The Cargill executive team is 26% female and 74% male. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Mr. Your IP: "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. "[1] Forbes listed the family's estimated net worth as $38.8 billion and the source of their wealth as Cargill Inc.[1] Each year, the Cargill-MacMillan family takes about eighteen percent of the "net profits as dividends". [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. 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. And, yes, we've come a long way, baby! [32] Edna and John H. MacMillan Sr had two sons and a daughterJohn H. MacMillan Jr, Cargill MacMillan Sr (19001968), and Emma Cargill married Fred M. Hanchette. 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cargill board members