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. from 8 AM - 9 PM ET. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. Cargill is 37% female and 63% male company-wide. 176.74.19.164 David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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. 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. 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. The Cargill-MacMillan family is the fourth-wealthiest family in America. "John brings a wealth of experience from his long career at Chevron. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. In January 2020, Ishrak was named independent chairman of the board of the board of Intel. 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 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. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. You can email the site owner to let them know you were blocked. 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. "[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". Get the full list, Youre viewing 3 of 11 board members. [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. Musk Made a Mess at Twitter. 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. Aerospace & Defense category Boeing nominates first Europe-based board member, . "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. 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 What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? [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. 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. 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. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information According to Forbes, 8 of the family members are billionaires. [11] are part of the fourth generation. Cargill, Incorporated provides agricultural products. . Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . Side-by-side, we are building a stronger, sustainable future for agriculture. 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. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 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. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. Jobs People Learning Dismiss Dismiss. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. And, yes, we've come a long way, baby! [34], Cargill heiress Marion MacMillan Pictet (19322009) ranked #176 on Forbes list in 2010 with a net worth of $4.5 billion,[43][44][45] an increase over $4.3 in 2009. 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. The action you just performed triggered the security solution. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. 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). This website is using a security service to protect itself from online attacks. Cargill provides food, agriculture, financial and industrial products and services to the world. He remained as Cargill CEO for 3540 years. He attended Oregon State University and University of Minnesota. His strategies were sometimes "under the scrutiny of the government". Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. Cargill Dow is building a global . "[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". [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Click to reveal The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Based on our data team's research, David MacLennan is the Cargill's CEO. 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. Jen studied at Illinois State University. [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. Ishrak joined Medtronic as CEO in June. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. 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. For more information, visitCargill.comand ourNews Center. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. Win whats next. 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. [1] The company "generates $108 billion in annual revenues". MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. The remaining 10 percent was owned by Cargill employees. "[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. The most common ethnicity among Cargill executive officers is White. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. [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. 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. Explore institutional-grade private market research from our team of analysts. 9% of employees are Black or African American. Cargill serves customers worldwide. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Here are further demographic highlights of the leadership team: 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. 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. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. 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. Over the years, he held a number of positions in the United States and Singapore. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Dismiss. He served on the board of directors for many years. "Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. Performance & security by Cloudflare. When typing in this field, a list of search results will appear and be automatically updated as you type. Watson retired from Chevron and its board after a distinguished 37-year career at the company. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. He served on the board of directors from 1963 to 1996. 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. 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. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. "[27] He was the last Cargill "family member to serve as chief executive officer". [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. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 154.26.131.122 We have 155,000 employees in 70 countries who are committed to . Will Others Follow? 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. 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. 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. 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). Ishrak grew up in Bangladesh. [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. There are approximately 90 family members that together own 88% of the company. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. Cloudflare Ray ID: 7a301f44c8a92e9b [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". 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. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. 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. White is the most common ethnicity company-wide. [33] Their fortunes were all listed as "inherited". "[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. 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. 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. 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. She was on the list of billionaires in 2010. 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. Cargill has 166,000 employees, of which 34 are in a leadership position. The Amazon Prime Video show's creative team reveals how a bidding war, authenticity, and passion fueled the adaptation of the best-selling novel. 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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. [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". This is a profile preview from the PitchBook Platform. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. [8] The Cargill family had at least 14 billionaires. Your IP: Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. 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. Investing in education. 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. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. [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. 2023 Forbes Media LLC. 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. Virginia (Ginni) M.. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. The Cargill-MacMillan family is the fourth-wealthiest family in America. Rob Cargill Expand search. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. Director of Ecolab since 2015. 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. Board Member . [42], Four members of the Cargill family ranked 220 on "The 400 Richest Americans 2009" list, each with a net worth of $1.6 billion. He also currently serves on the board of directors of the Cleveland Clinic. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. 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. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. "[14], This article is about the Cargill-MacMillan U.S. business family. . For more information, visit Cargill.com and our News Center. California Weighs $360,000 in Reparations to Eligible Black Residents. [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. [1] Fourteen of the family members were still billionaires in 2019. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. 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. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. "[15][11] W. W. Cargill, the "son of Scottish sea captain",[11] was twenty-one years old when he founded the company. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. Today the company sells and markets food, trades commodities and provides financial risk management. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. The most recent family members appointed to the board are fifth generation. John's knowledge and insights will be invaluable for Cargill and our board.". Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.