She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. Win whats next. [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. [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. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. He served on the board of directors from 1963 to 1996. [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. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. Get the full list, Youre viewing 5 of 30 subsidiaries. [1] Fourteen of the family members were still billionaires in 2019. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". [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. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. [11], By 2009, the family company, Cargill Inc controlled "food from stable to table" including "animal feed, meat, [and] crops" and operated "large commodity trading and risk management operations". When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". 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. Mr. The most recent family members appointed to the board are fifth generation. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 176.74.19.164 Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. 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. His strategies were sometimes "under the scrutiny of the government". [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. 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. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. General Production Manager jobs at Cargill. James died in 2006 and his widow died in 2010, had lived in her hometown, Minneapolis, Minnesota. 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. The Cargill executive team is 26% female and 74% male. [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. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. "[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. Amazons Daisy Jones & The Six Tops Music And TV Charts, China Aims For Its Gross Domestic Product To Expand Around 5% In 2023, Todays Wordle #624 Hint, Clues And Answer For Sunday, March 5th, UFC 285 Results: Cody Garbrandt Defeats Trevin Jones In Return To The Octagon, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Sticking 80-Year-Old Naval Guns On 70-Year-Old Armored Tractors, Saturday, March 4. We have 155,000 employees in 70 countries who are committed to . 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 . from 8 AM - 9 PM ET. Austen Cargill (died 1957) married Anne Ray. Edna Clara Cargill (18711963) married John H. MacMillan Sr (18691940). MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. Their son, Andrew C. Liebmann, is currently on the 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Cloudflare Ray ID: 7a301f44c8a92e9b [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. 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. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. [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. [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. 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. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. "John brings a wealth of experience from his long career at Chevron. [10], While the "low-profile family" owns Cargill, and there are six family members on the 17-member board, family members have not been part of running the company since 1995, when Whitney MacMillan, who had served as Cargill's chairman and chief executive officer (CEO) since 1976, stepped down as chief executive in 1995. 'Daisy Jones & The Six' is breaking records and topping charts. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. MINNEAPOLIS, Sept. 15, 2022 /PRNewswire/ -- Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. [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. And, yes, we've come a long way, baby! MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. His retirement from the company and its board on Feb. 1 was announced by Chevron on Sept. 28, 2017. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. 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. "[15][11] W. W. Cargill, the "son of Scottish sea captain",[11] was twenty-one years old when he founded the company. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. According to Forbes, 8 of the family members are billionaires. Get the full list, Youre viewing 5 of 21 exits. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. There are approximately 90 family members that together own 88% of the company. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . Page joined Cargill in 1974 as a trainee assigned to the Feed Division. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. He now serves on the University of California, Davis Chancellor's Board of Advisors. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Mr. When typing in this field, a list of search results will appear and be automatically updated as you type. ntended to serve farmers, producers, manufacturers, retailers, governments and others. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. 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. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. Zippia gives an in-depth look into the details of Cargill, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cargill. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. The Amazon Prime Video show's creative team reveals how a bidding war, authenticity, and passion fueled the adaptation of the best-selling novel. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. The Cargill-MacMillan family is the fourth-wealthiest family in America. 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. [20][21] His estimated net worth was $2.6 billion when he died. 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. White is the most common ethnicity company-wide. "[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. 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. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. 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. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information Get the full list, Youre viewing 3 of 11 board members. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". [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. MINNEAPOLIS, Feb. 1, 2018 /PRNewswire/ -- 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. 2023 PitchBook. You can email the site owner to let them know you were blocked. [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. [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. Dismiss. 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. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. 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. 9% of employees are Black or African American. 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. Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. Will Others Follow? [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. She was on the list of billionaires in 2010. [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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. 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". "[14], This article is about the Cargill-MacMillan U.S. business family. 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. Over the years, he held a number of positions in the United States and Singapore. 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. 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. Watson earned a bachelor's degree in agricultural economics from the University of California, Davis in 1978 and a master's degree in business administration from the University of Chicago Booth School of Business in 1980. Director of Ecolab since 2015. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Explore institutional-grade private market research from our team of analysts. 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 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. [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. The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. 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