[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. Over the years, he held a number of positions in the United States and Singapore. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. He now serves on the University of California, Davis Chancellor's Board of Advisors. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. [1] "[14], This article is about the Cargill-MacMillan U.S. business family. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. Cargill elects John Watson to Board of Directors - PR Newswire Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Cargill family - Wikipedia Proven record of managing risk, leading effective global operations and commercial teams. 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. "[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. Inside the Cargill Family Sarah Reid Gregory Page | Board Member | Corteva Agriscience Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. Cision Distribution 888-776-0942 Cargill has 6 board members and advisors, including Bernard Poussot. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. Director of Ecolab since 2015. 2023 Forbes Media LLC. [1] Fourteen of the family members were still billionaires in 2019. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". Board Member . (19001968). 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. Ishrak joined Medtronic as CEO in June. Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. 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. She was on the list of billionaires in 2010. [11] Cargill Inc revenues remained at $117 billion. The most common ethnicity among Cargill executive officers is White. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. [1] 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. Leadership | About Us | John Deere US Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. 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. Cargill donates $500K for new Kansas African American Museum site Cargill provides food, agriculture, financial and industrial products and services to the world. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. 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. 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. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. 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. Lundquist spent 16 years with leading retailer and Cargill . Global Aginvesting 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. Cargill, Inc. Jan 21, 2021, 10:00 ET. [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. 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. 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. [33][39] Three of Cargill MacMillan Sr's four children Whitney MacMillan, Alice Whitney MacMillan, and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota),[33] were on "The 400 Richest Americans 2009" with a listed revenue of $4.3 billion each. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. [28][29] His career at Cargill spanned almost four decades. 4 Billionaire Cargill Heir Sisters Fall Off Forbes 400 2019 Rob Cargill on LinkedIn: 92-100 Buchanan Street - Linear . 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. 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. "[15][11] W. W. Cargill, the "son of Scottish sea captain",[11] was twenty-one years old when he founded the company. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. "[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. Cloudflare Ray ID: 7a301f3e0f147719 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. He served on the board of directors from 1963 to 1996. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. Their 2009 annual earnings dropped 15% to $3.3 billion. ntended to serve farmers, producers, manufacturers, retailers, governments and others. Austen Cargill (died 1957) married Anne Ray. 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. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. Cargill, Incorporated provides agricultural products. [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. Today the company sells and markets food, trades commodities and provides financial risk management. 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. 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. 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. This is a profile preview from the PitchBook Platform. Cloudflare Ray ID: 7a301f44c8a92e9b [20][21] His estimated net worth was $2.6 billion when he died. Cargill, Pinnacle Foods Appoint New Board Members The action you just performed triggered the security solution. 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 MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. 13% of Cargill's management is Hispanic or Latino. [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. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. He has a global perspective, with deep understandings of manufacturing economics, performance through technology, sectoral change and market volatility, geopolitical risk and more. 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. This button displays the currently selected search type. Mar 1, 2023. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. Your IP: 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. Mr. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 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. [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. [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. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. [8] The Cargill family had at least 14 billionaires. 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). Ishrak grew up in Bangladesh. He served on the board of directors for many years. [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. 9% of employees are Black or African American. Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. 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. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Cargill Company Profile: Valuation & Investors | PitchBook [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". 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. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. 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. Rometty elected to Cargill's Board of Directors [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. Garry Wenman - Cargill - Cargill | LinkedIn 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. 3M - Governance - Board of Directors [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. 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. Retired Chairman and Chief Executive Officer of Cargill. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. He also will lead the company's corporate trading strategy. 2023 PitchBook. This documentary-style series follows investigative journalists as they uncover the truth. 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 officer of United Technologies Corporation; Arthur D. Collins, Jr., retired chairman and chief executive officer of Medtronic, Inc.; Stephen Hemsley, executive chairman of UnitedHealth Group; Bernard Poussot, retired chairman, chief executive officer and president of Wyeth; and Trudy Rautio, retired president and chief executive officer of Carlson. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. According to Forbes, 8 of the family members are billionaires. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. 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. You can email the site owner to let them know you were blocked. 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). [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. Cargill is 37% female and 63% male company-wide. "[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". MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. All rights reserved. The company was founded in 1865 when W.W. Cargill started a grain. Ishrak joined Medtronic as CEO in June 2011, retiring in April 2020 and staying on as executive chairman and chairman of the board until December 2020. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. 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. Will His AI Plans Be Any Different? Four new leaders join Cargill's executive team | Cargill Join now Sign in . Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Dismiss. 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. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board.