Executive Team | Cargill Mr. 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. 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. This website is using a security service to protect itself from online attacks. Your IP: You can email the site owner to let them know you were blocked. Cargill provides food, agriculture, financial and industrial products and services to the world. 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. 2023 Forbes Media LLC. Performance & security by Cloudflare. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . The Cargill executive team is 26% female and 74% male. The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. Ishrak grew up in Bangladesh. 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. Get the full list, Youre viewing 5 of 21 exits. 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. [11] are part of the fourth generation. Cargill has 166,000 employees, of which 34 are in a leadership position. [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. For more information, visit Cargill.com and our News Center. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. You can email the site owner to let them know you were blocked. 4 Billionaire Cargill Heir Sisters Fall Off Forbes 400 2019 She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Cargill, Pinnacle Foods Appoint New Board Members 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. Executive Summary. 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. Performance & security by Cloudflare. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. Board Member . And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. 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 His strategies were sometimes "under the scrutiny of the government". Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. His retirement from the company and its board on Feb. 1 was announced by Chevron on Sept. 28, 2017. Dr. Omar Ishrak elected to Cargill Board of Directors ntended to serve farmers, producers, manufacturers, retailers, governments and others. An agreement among different branches of the family puts six family members on Cargill's 17-person board. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". The most common ethnicity among Cargill executive officers is White. The museum, currently . Their son, Andrew C. Liebmann, is currently on the Cargill board of directors. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. Cision Distribution 888-776-0942 Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. Dismiss. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. 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. He also is a member of the board of directors of the Cleveland Clinic as well as a member of the board of trustees of Minnesota Public Radio and the Asia Society. "Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. Cargill has 6 board members and advisors, including Bernard Poussot. [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. 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. Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. [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. Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . 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. Mr. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. Bernard Poussot Board Member 2010 David MacLennan Board Member 2022 Gregory Page Board Member Ginni Rometty Board Member 2022 Richard Anderson Board Member Louis R. Chenevert Board Member Choose the right Crunchbase solution for you Start Your Free Trial Crunchbase News Mr. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. When typing in this field, a list of search results will appear and be automatically updated as you type. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . Watson served as vice chairman of the board before being elected chairman and CEO in 2010. Pedro Cortez Cargill - Board Member - Atipicus | LinkedIn Austen Cargill (died 1957) married Anne Ray. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. [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. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. 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. He served on the board of directors for many years. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. 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). "[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". When typing in this field, a list of search results will appear and be automatically updated as you type. All Rights Reserved. The company was founded in 1865 when W.W. Cargill started a grain. This is a profile preview from the PitchBook Platform. Lundquist spent 16 years with leading retailer and Cargill . By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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. 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. Retired Chairman and Chief Executive Officer of Cargill. Will Others Follow? She was on the list of billionaires in 2010. Watson retired from Chevron and its board after a distinguished 37-year career at the company. 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. John's knowledge and insights will be invaluable for Cargill and our board.". By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Your IP: [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. 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? Side-by-side, we are building a stronger, sustainable future for agriculture. Mar 1, 2023. Gregory Page | Board Member | Corteva Agriscience MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . He also will lead the company's corporate trading strategy. He also currently serves on the board of directors of the Cleveland Clinic. Jen studied at Illinois State University. [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. Virginia (Ginni) M.. (19001968). Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. [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. Cargill - Corporate Governance Director - Minnesota Hispanic Bar 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. Team - NEXUS MONTGOMERY Cargill is 37% female and 63% male company-wide. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. Cargill elects John Watson to Board of Directors - PR Newswire [11] Cargill Inc revenues remained at $117 billion. The remaining 10 percent was owned by Cargill employees. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. 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. [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. [20][21] His estimated net worth was $2.6 billion when he died. 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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. [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". 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. "[14], This article is about the Cargill-MacMillan U.S. business family. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. Cloudflare Ray ID: 7a301f3e0f147719 Win whats next. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. 11% of the management team is Black or African American. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. Cargill Company Profile: Valuation & Investors | PitchBook [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Cargill Corp - Company Profile and News - Bloomberg Markets [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". 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. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. 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. "[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". 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. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. 2023 PitchBook. This button displays the currently selected search type. 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[33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. 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. Get the full list, Youre viewing 5 of 30 subsidiaries. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. For more information, visitCargill.comand ourNews Center. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. [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. [16]:xiii The success of the company under his tenure from 1936 to 1960 was due in large part to the team he formed with a second-generation family member, MacMillan Jr's uncle, Austin Cargill, who had joined the company in 1913,[16]:245 and Cargill MacMillan Sr. Cargill Inc - Company Profile and News - Bloomberg Markets Hints and clues to help you with today's Wordle. Cargill - Contacts, Employees, Board Members, Advisors & Alumni Passes Away", "The Secretive Cargill Billionaires And Their Family Tree", "The Last Cargill Family Member To Run The Giant Agribusiness Company Has Died", "Biography paints intimate portrait of the clan that built Cargill", "Cargill's retired CEO, wife now cultivate philanthropy", "Cargill MacMillan Jr., Agribusiness Heir, Dies at 84", "Cargill moving out of longtime HQ, reshaping business", "Billion-Dollar Clans: America's 25 Richest Families 2016", "#176 Marion MacMillan Pictet - Forbes.com", https://en.wikipedia.org/w/index.php?title=Cargill_family&oldid=1137404620, This page was last edited on 4 February 2023, at 13:15. [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. 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. 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. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. 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. [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]. The Cargill-MacMillan family is the fourth-wealthiest family in America. 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. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. Cargill donates $500K for new Kansas African American Museum site Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. 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. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. This website is using a security service to protect itself from online attacks. 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". "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. 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. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. None of the information on this page has been provided or approved by Cargill. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill.