Their 2009 annual earnings dropped 15% to $3.3 billion. [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. Lundquist spent 16 years with leading retailer and Cargill . [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. Join now Sign in . The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. Cision Distribution 888-776-0942 The employee data is based on information from people who have self-reported their past or current employments at Cargill. He served on the board of directors for many years. 'Daisy Jones & The Six' is breaking records and topping charts. Their son, Andrew C. Liebmann, is currently on the Cargill board of directors. 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. 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. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. Kevin Cargill serves as the Vice President and Chief Financial Officer of Adventist HealthCare White Oak Medical Center. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. Will His AI Plans Be Any Different? "[14], This article is about the Cargill-MacMillan U.S. business family. Mr. Virginia (Ginni) M.. 11% of the management team is Black or African American. Executive Summary. 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. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. [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. [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. 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. 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. Over the years, he held a number of positions in the United States and Singapore. "[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. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Click to reveal 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. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. 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. There are approximately 90 family members that together own 88% of the company. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. 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. Dismiss. 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. How has the Suns' new starting group performed? When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . [11] Cargill Inc revenues remained at $117 billion. 9% of employees are Black or African American. 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. The action you just performed triggered the security solution. "Omar's deep international. Mr. John's knowledge and insights will be invaluable for Cargill and our board.". Click to reveal from 8 AM - 9 PM ET. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. . Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. 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. Cargill provides food, agriculture, financial and industrial products and services to the world. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Cargill, Inc. Jan 21, 2021, 10:00 ET. . [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. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. 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. [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. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Rob Cargill Expand search. 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. This website is using a security service to protect itself from online attacks. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. 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. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Cision Distribution 888-776-0942 Bloomberg's Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to provide in-depth research and data on more than 2,000 companies and 130 industries. 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). Hints and clues to help you with today's Wordle. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. This documentary-style series follows investigative journalists as they uncover the truth. 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. Investing in education. 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. Ishrak joined Medtronic as CEO in June. We have 155,000 employees in 70 countries who are committed to . For more information, visit Cargill.com and our News Center. 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). [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . 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. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. [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. Cargill has 6 board members and advisors, including Bernard Poussot. 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. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. 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 studied at Illinois State University. 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". [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. The most recent family members appointed to the board are fifth generation. 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. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [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. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. 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. Human Rights More . [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. 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. Dismiss. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. Performance & security by Cloudflare.