[8] The Cargill family had at least 14 billionaires. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. And, yes, we've come a long way, baby! "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. 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. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. 11% of the management team is Black or African American. 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. Musk Made a Mess at Twitter. Cloudflare Ray ID: 7a301f3e0f147719 NatureWorks polylactide (PLA)1 is a versatile polymer produced by Cargill Dow LLC. 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. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. 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. Cargill, Inc. Jan 21, 2021, 10:00 ET. 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. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. [11] are part of the fourth generation. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. 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. All Rights Reserved. The Cargill-MacMillan family is the fourth-wealthiest family in America. Jobs People Learning Dismiss Dismiss. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. This is a profile preview from the PitchBook Platform. 176.74.19.164 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). Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. [20][21] His estimated net worth was $2.6 billion when he died. He also currently serves on the board of directors of the Cleveland Clinic. Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . This combination of proven people, operational and market leadership make him a valuable addition to our board., We use cookies to provide you with a better experience. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. "[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. [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. Cargill has 6 board members and advisors, including Bernard Poussot. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. [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. Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . [1] 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. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. "[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". Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Cargill is 37% female and 63% male company-wide. Get the full list, Youre viewing 3 of 11 board members. Hints and clues to help you with today's Wordle. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. Jen studied at Illinois State University. [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. He served on the board of directors for many years. Performance & security by Cloudflare. Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. [19]:249 Starting in 1960, "family complexity" ceased to dominate and was "replaced by a generalized professionalism. There are approximately 90 family members that together own 88% of the company. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. Mr. 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. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". [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. The museum, currently . 9% of employees are Black or African American. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. Dismiss. Cargill Dow is building a global . "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. 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. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. 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. The Cargill-MacMillan family is the fourth-wealthiest family in America. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". James died in 2006 and his widow died in 2010, had lived in her hometown, Minneapolis, Minnesota. Performance & security by Cloudflare. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Your IP: [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Mr. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. [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". You can email the site owner to let them know you were blocked. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. Watson retired from Chevron and its board after a distinguished 37-year career at the company. [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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. Cargill has 166,000 employees, of which 34 are in a leadership position. 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. 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. 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". By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. 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. [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. 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. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. 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. He served on the board of directors from 1963 to 1996. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Their 2009 annual earnings dropped 15% to $3.3 billion. (19001968). Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. 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. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Human Rights More . This website is using a security service to protect itself from online attacks. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. Director of Ecolab since 2015. Virginia (Ginni) M.. Board Member . Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information 154.26.131.122 [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. [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. 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. 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. 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). He remained as Cargill CEO for 3540 years. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. 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. 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. [33] The net worth of her daughter, Gwendolyn Sontheim Meyer (born 1961/62), the great-great-granddaughter of William W. Cargill, was $4.4 billion in 2020, placing her #680 on the richest people in the United States in 2020. Click to reveal Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. The action you just performed triggered the security solution. 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. 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 . [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Austen Cargill (died 1957) married Anne Ray. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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 [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. Will His AI Plans Be Any Different? [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. [28][29] His career at Cargill spanned almost four decades. 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. Ishrak joined Medtronic as CEO in June. Ishrak grew up in Bangladesh. Mr. [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". 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. 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. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. Amazons Daisy Jones & The Six Tops Music And TV Charts, China Aims For Its Gross Domestic Product To Expand Around 5% In 2023, Todays Wordle #624 Hint, Clues And Answer For Sunday, March 5th, UFC 285 Results: Cody Garbrandt Defeats Trevin Jones In Return To The Octagon, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Sticking 80-Year-Old Naval Guns On 70-Year-Old Armored Tractors, Saturday, March 4. [11] Cargill Inc revenues remained at $117 billion. [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. The most common ethnicity among Cargill executive officers is White. White is the most common ethnicity company-wide. This website is using a security service to protect itself from online attacks. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. Executive Summary. [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. The Amazon Prime Video show's creative team reveals how a bidding war, authenticity, and passion fueled the adaptation of the best-selling novel. 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. Cargill provides food, agriculture, financial and industrial products and services to the world. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. "Omar's deep international. "[14], This article is about the Cargill-MacMillan U.S. business family. [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. 2023 PitchBook. None of the information on this page has been provided or approved by Cargill. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. Investing in education. [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. . Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. Dismiss. 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. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. 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. 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. 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. "[17] Cargill had 160,000 employees.[17]. "[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. The remaining 10 percent was owned by Cargill employees. 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. 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. We have 155,000 employees in 70 countries who are committed to . Get the full list, Youre viewing 5 of 30 subsidiaries. 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. 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.
British Hispanic Actors,
Ralph Macchio Disease,
German Shepherd Puppies Ohio Rescue,
Life Alive Nutrition Facts,
Rio Park Hotel Benidorm Meal Times,
Articles C