[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 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. He remained as Cargill CEO for 3540 years. Join now Sign in . Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". "Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. 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. Cargill is 37% female and 63% male company-wide. [1] Descendants of Cargill and MacMillan have owned common equity in the "agribusiness giant" Cargill Inc, one of the largest privately owned corporations in the United States,[2][3] for over 140 years. Over the years, he held a number of positions in the United States and Singapore. Musk Made a Mess at Twitter. [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. Get the full list, Youre viewing 5 of 30 subsidiaries. We have 155,000 employees in 70 countries who are committed to . By continuing to browse the site you are agreeing to our use of cookies in accordance with our. The action you just performed triggered the security solution. 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? Cision Distribution 888-776-0942 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. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. He now serves on the University of California, Davis Chancellor's Board of Advisors. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Dismiss. [33] Their fortunes were all listed as "inherited". 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. He attended Oregon State University and University of Minnesota. [28] The article described how Cargill had changed in the 1990s as technology improved and global markets became more open, with Cargill expanding into commodity trading and investments "from Vietnam to Argentina. Dismiss. 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 [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. The Cargill-MacMillan family is the fourth-wealthiest family in America. 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. None of the information on this page has been provided or approved by Cargill. Explore institutional-grade private market research from our team of analysts. Cargill has 6 board members and advisors, including Bernard Poussot. The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. 2023 PitchBook. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. 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. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. [14], In 2012, the unknown heiress Margaret Anne Cargill, posthumously earned the #1 spot in the Chronicle of Philanthropy's annual list of America's 50 most generous donors. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". [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. Hints and clues to help you with today's Wordle. This button displays the currently selected search type. 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. "John brings a wealth of experience from his long career at Chevron. For the aristocratic family, see, Five generations of the Cargill-MacMillan family, "The 28 richest billionaire families in America, ranked", "The Richest People You've Never Heard Of", "David MacLennan on how agri-major Cargill turned a global crisis into an opportunity", "America's Largest Private Companies 2019", "14 Cargill heirs on Forbes' list of billionaires, more than any family in world", "James R. Cargill II - The Forbes 400 Richest Americans 2009", "Bloomberg, Mosaic Says Fertilizer Prices to Remain 'Challenging' Into 2014, 5 November 2013", "This Year's Most Generous Billionaire Philanthropist Has Been Dead Since 2006", "Obituary: Cargill MacMillan, 84, company heir", "Secretive Billionaire Cargill MacMillan Jr. [2], John Hugh MacMillan III (19282008), who worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990 and served on the board of directors for many years,[22] was on the 2007 Forbes list of billionaires, with an estimated net worth of $1.7 billion. 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. [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 action you just performed triggered the security solution. Lundquist spent 16 years with leading retailer and Cargill . Win whats next. 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. Jobs People Learning Dismiss Dismiss. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Your IP: When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. 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. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. 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. Your IP: Rob Cargill Expand search. 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. Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. Cargill provides food, agriculture, financial and industrial products and services to the world. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Will His AI Plans Be Any Different? Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. [1] Fourteen of the family members were still billionaires in 2019. Edna Clara Cargill (18711963) married John H. MacMillan Sr (18691940). NatureWorks polylactide (PLA)1 is a versatile polymer produced by Cargill Dow LLC. 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. [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. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. 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. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. 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. He served on the board of directors from 1963 to 1996. [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. Cargill serves customers worldwide. Based on our data team's research, David MacLennan is the Cargill's CEO. Mar 1, 2023. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. California Weighs $360,000 in Reparations to Eligible Black Residents. He served on the board of directors for many years. [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. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. "[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. 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. 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. 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. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . "Omar's deep international. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. You can email the site owner to let them know you were blocked. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. "[14], This article is about the Cargill-MacMillan U.S. business family. 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. "[17] Cargill had 160,000 employees.[17]. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. "[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". The Cargill executive team is 26% female and 74% male. Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. [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. "[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". 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. MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. He also will lead the company's corporate trading strategy. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". Cargill, Inc. Jan 21, 2021, 10:00 ET. William Cargill founded the Cargill company as an Iowa grain storage business in 1865, during the postCivil War period, and was its CEO for almost 40 years. When Cargill sold its 64-percent stakes in Mosaic in 2011, the two nonprofits exchanged the private Cargill stock for 114.5 million shares of the public Mosaic stock. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. "[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". 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. The employee data is based on information from people who have self-reported their past or current employments at 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. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. We combine 155years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. The Company produces 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. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. 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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. [11] Cargill Inc revenues remained at $117 billion. The three others are third generationAusten S. Cargill II (58) in Livingston, Montana, James R. Cargill II (60) Birchwood, and Marianne Cargill Liebmann (56) in Bozeman. This is a profile preview from the PitchBook Platform. Mr. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. 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). Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. She was on the list of billionaires in 2010. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. [20][21] His estimated net worth was $2.6 billion when he died. Get the full list, Youre viewing 5 of 21 exits. Will Others Follow? 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 officer of United Technologies Corporation; Arthur D. Collins, Jr., retired chairman and chief executive officer of Medtronic, Inc.; Stephen Hemsley, executive chairman of UnitedHealth Group; Bernard Poussot, retired chairman, chief executive officer and president of Wyeth; and Trudy Rautio, retired president and chief executive officer of Carlson. The Retail, Wholesale and Department Store Union (RWDSU), yesterday said that, at REI Inc. in Cleveland, Ohio, have voted to join the RWDSU, making this the third unionized REI store in the U.S. Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information [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]. [1] Their 2009 annual earnings dropped 15% to $3.3 billion. The Cargill company and familywho had at least 14 billionaireswere "famously quiet", living "extremely private lives, many of them on ranches and farms in Montana," according to Forbes. "[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. [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. And, yes, we've come a long way, baby! 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. 154.26.131.122 [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. [11][12], The family was also the majority owner of The Mosaic Company,[11] the largest producer of potash and phosphate fertilizer in the United States. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. . Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . 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. 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. . Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. 9% of employees are Black or African American. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. 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). "[27] He was the last Cargill "family member to serve as chief executive officer". [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. 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. For more information, visit Cargill.com and our News Center. 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. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. 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 David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. Click to reveal Performance & security by Cloudflare. 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. 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. John's knowledge and insights will be invaluable for Cargill and our board.". What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? Retired Chairman and Chief Executive Officer of Cargill. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. Global Solution Architect & Solution Owner - Supply Chain Planning, Group CIO/BRM - Global Edible Oil Solutions, Total number of employee profiles an organization has on Crunchbase, Total number of board member and advisor profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Number of Board Member and Advisor Profiles, VP of IT, CIO Cargill Protein, Salt and Animal Nutrition & Health, Chief Technology Officer & Vice President, Corporate Vice President & Chief Human Resources Officer, Vice President - Transportation and Logistics, Edit Board Member and Advisor Profiles Section. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. White is the most common ethnicity company-wide. Investing in education. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. In January 2020, Ishrak was named independent chairman of the board of the board of Intel. Kevin Cargill serves as the Vice President and Chief Financial Officer of Adventist HealthCare White Oak Medical Center. There are approximately 90 family members that together own 88% of the company. [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. The remaining 10 percent was owned by Cargill employees. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Omars deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO, said David MacLennan, chairman and CEO of Cargill. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. 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. [11] are part of the fourth generation. [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.