California Weighs $360,000 in Reparations to Eligible Black Residents. 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 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. 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. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. Mar 1, 2023. 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. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. Will Others Follow? 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". As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. Performance & security by Cloudflare. 154.26.131.122 When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. [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. [10], In 2016, there were major changes in Cargill Inc. under non-family Cargill CEO David MacLennan, which included streamlining the company, making major cuts and divestments, restructuring, and acquisitions. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. from 8 AM - 9 PM ET. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. The museum, currently . Dismiss. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . Virginia (Ginni) M.. Dismiss. You can email the site owner to let them know you were blocked. "[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. "[27] He was the last Cargill "family member to serve as chief executive officer". [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". He remained as Cargill CEO for 3540 years. The Cargill-MacMillan family is the fourth-wealthiest family in America. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. His strategies were sometimes "under the scrutiny of the government". Side-by-side, we are building a stronger, sustainable future for agriculture. Cloudflare Ray ID: 7a301f44c8a92e9b [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". He served on the board of directors from 1963 to 1996. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Mr. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. 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 . [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. How has the Suns' new starting group performed? Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. The employee data is based on information from people who have self-reported their past or current employments at Cargill. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at 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. "[14], This article is about the Cargill-MacMillan U.S. business family. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Click to reveal Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. 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. The most common ethnicity among Cargill executive officers is White. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. This is a profile preview from the PitchBook Platform. 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. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. 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. Over the years, he held a number of positions in the United States and Singapore. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. 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. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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. Austen Cargill (died 1957) married Anne Ray. [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]. 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. Get the full list, Youre viewing 5 of 30 subsidiaries. [8] The Cargill family had at least 14 billionaires. He also currently serves on the board of directors of the Cleveland Clinic. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. Cargill is 37% female and 63% male company-wide. 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). 'Daisy Jones & The Six' is breaking records and topping charts. [11] Cargill Inc revenues remained at $117 billion. Mr. This button displays the currently selected search type. 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. Your IP: Cloudflare Ray ID: 7a301f3e0f147719 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. 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. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. According to Forbes, 8 of the family members are billionaires. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Will His AI Plans Be Any Different? Cargill provides food, agriculture, financial and industrial products and services to the world. He attended Oregon State University and University of Minnesota. Mr. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. 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. 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. 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. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. [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. [28][29] His career at Cargill spanned almost four decades. 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. Their 2009 annual earnings dropped 15% to $3.3 billion. 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). . [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. 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. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. "[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". "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. Join now Sign in . 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. John's knowledge and insights will be invaluable for Cargill and our board.". [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 is a member of the board of trustees of Minnesota Public Radio as well as the Asia Society, the leading educational organization dedicated to promoting mutual understanding and strengthening partnerships among peoples, leaders and institutions of Asia and the United States. NatureWorks polylactide (PLA)1 is a versatile polymer produced by Cargill Dow LLC. 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. 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. [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. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. Ishrak grew up in Bangladesh. This website is using a security service to protect itself from online attacks. 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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. Lundquist spent 16 years with leading retailer and Cargill . "[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. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. You can email the site owner to let them know you were blocked. Cargill has 6 board members and advisors, including Bernard Poussot. [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. [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. 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. "[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 executive team is 26% female and 74% male. "[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 company was founded in 1865 when W.W. Cargill started a grain. Click to reveal [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". Kevin Cargill serves as the Vice President and Chief Financial Officer of Adventist HealthCare White Oak Medical Center. 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.
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