By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. He also will lead the company's corporate trading strategy. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. Austen Cargill (died 1957) married Anne Ray. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. 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. Get the full list, Youre viewing 5 of 30 subsidiaries. Cargill provides food, agriculture, financial and industrial products and services to the world. 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. 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. "[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. 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] 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. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. Executive Summary. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. For more information, visit Cargill.com and our News Center. Mr. [1] The company "generates $108 billion in annual revenues". Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . You can email the site owner to let them know you were blocked. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. 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. Cargill serves customers worldwide. "Omar's deep international. Proven record of managing risk, leading effective global operations and commercial teams. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. 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. Jen studied at Illinois State University. [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]. 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. 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. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. (19001968). [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. [1] None of the information on this page has been provided or approved by Cargill. ntended to serve farmers, producers, manufacturers, retailers, governments and others. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. "John brings a wealth of experience from his long career at Chevron. Will His AI Plans Be Any Different? "[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". Click to reveal She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. All rights reserved. Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. Mr. "[27] He was the last Cargill "family member to serve as chief executive officer". [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. He served on the board of directors for many years. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. [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. 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. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. 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. He has a global perspective, with deep understandings of manufacturing economics, performance through technology, sectoral change and market volatility, geopolitical risk and more. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. Watson retired from Chevron and its board after a distinguished 37-year career at the company. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. Cloudflare Ray ID: 7a301f3e0f147719 Retired Chairman and Chief Executive Officer of Cargill. "[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. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. [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. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Lundquist spent 16 years with leading retailer and Cargill . 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. Human Rights More . An agreement among different branches of the family puts six family members on Cargill's 17-person board. [33] Their fortunes were all listed as "inherited". He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. Click to reveal Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . [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. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. from 8 AM - 9 PM ET. There are approximately 90 family members that together own 88% of the company. Cargill provides food, agriculture, financial and industrial products and services to the world. "[17] Cargill had 160,000 employees.[17]. Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". 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. [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. The action you just performed triggered the security solution. 2023 Forbes Media LLC. The company was founded in 1865 when W.W. Cargill started a grain. 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. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. 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). Cargill, Incorporated provides agricultural products. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. [11] Cargill Inc revenues remained at $117 billion. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. [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. 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). [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. Cargill has 166,000 employees, of which 34 are in a leadership position. 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. Aerospace & Defense category Boeing nominates first Europe-based board member, . [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. [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. [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. When typing in this field, a list of search results will appear and be automatically updated as you type. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. from 8 AM - 9 PM ET. Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. 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. Board Member . 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. Based on our data team's research, David MacLennan is the Cargill's CEO. 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. . [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. Will Others Follow? 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. [20][21] His estimated net worth was $2.6 billion when he died. [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. Over the years, he held a number of positions in the United States and Singapore. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. 154.26.131.122 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. 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. 'Daisy Jones & The Six' is breaking records and topping charts. 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. 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. 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. 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. [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. 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. [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. Heres How To Trade The Stock Now, A Century Of Women, Work - And Juggling Family, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . 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. Jobs People Learning Dismiss Dismiss. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . Mr. 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. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. This website is using a security service to protect itself from online attacks. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. Hints and clues to help you with today's Wordle. His strategies were sometimes "under the scrutiny of the government". The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. 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. [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. 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. 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. 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. This button displays the currently selected search type. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. 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. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. He attended Oregon State University and University of Minnesota. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Win whats next. Mar 1, 2023. This website is using a security service to protect itself from online attacks. 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 The most common ethnicity among Cargill executive officers is White. Get the full list, Youre viewing 3 of 11 board members. 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. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. 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. 176.74.19.164 Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women.
