2022.08.24 WednesdayMr. And, yes, we've come a long way, baby! [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. [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. John's knowledge and insights will be invaluable for Cargill and our board.". "John brings a wealth of experience from his long career at Chevron. Cargill names new board member | 2021-01-21 | MEAT+POULTRY [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. [33] Their fortunes were all listed as "inherited". [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]. [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. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. 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. Side-by-side, we are building a stronger, sustainable future for agriculture. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. The most common ethnicity among Cargill executive officers is White. 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. [11] Cargill Inc revenues remained at $117 billion. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. Dr. Omar Ishrak elected to Cargill Board of Directors Click to reveal In January 2020, Ishrak was named independent chairman of the board of the board of Intel. Over the years, he held a number of positions in the United States and Singapore. (19001968). Cargill Dow is building a global . 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. 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. 11% of the management team is Black or African American. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. This website is using a security service to protect itself from online attacks. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. Get the full list, Youre viewing 5 of 30 subsidiaries. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors . Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. His retirement from the company and its board on Feb. 1 was announced by Chevron on Sept. 28, 2017. Cargill may also be known as or be related to Cargill, Cargill Financial Services International, Inc., Cargill Inc, Cargill Incorporated and Cargill International SA. 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. 154.26.131.122 4 Billionaire Cargill Heir Sisters Fall Off Forbes 400 2019 Cargill testing new sail technology for cargo ships to cut emissions 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. [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. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. This is a profile preview from the PitchBook Platform. Ishrak joined Medtronic as CEO in June. 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. 2023 Forbes Media LLC. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. [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. [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. Cargill has separately signed a long-term charter deal for two dry bulk ships which can be fuelled by methanol . Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. 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. We have 155,000 employees in 70 countries who are committed to . 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 company was founded in 1865 when W.W. Cargill started a grain. Board Member . By continuing to browse the site you are agreeing to our use of cookies in accordance with our. He also will lead the company's corporate trading strategy. [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. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. For more information, visitCargill.comand ourNews Center. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. 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. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. [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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. 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. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. 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. She was on the list of billionaires in 2010. [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. When typing in this field, a list of search results will appear and be automatically updated as you type. California Weighs $360,000 in Reparations to Eligible Black Residents. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. Executive Summary. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The remaining 10 percent was owned by Cargill employees. The Cargill-MacMillan family is the fourth-wealthiest family in America. 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. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. [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. 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 served on the board of directors from 1963 to 1996. Cargill married Ellen "Ella" Theresa Stowell, and they had four childrenWilliam "Will" Samuel Cargill, Edna Clara Cargill (18711963),[32] Emma Cargill, and Austen Cargill (died 1957)the second generation of the Cargill family. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Four new leaders join Cargill's executive team, aligned to company's [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. Inside the Cargill Family Sarah Reid Mr. 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. 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. Retired Chairman and Chief Executive Officer of Cargill. Four new leaders join Cargill's executive team | Cargill Cargill, Pinnacle Foods Appoint New Board Members 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. Garry Wenman - Cargill - Cargill | LinkedIn David Cargill obituary | Arts Council England | The Guardian 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. 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. "[17] Cargill had 160,000 employees.[17]. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. 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. Mr. Cloudflare Ray ID: 7a301f3e0f147719 Today the company sells and markets food, trades commodities and provides financial risk management. Austen Cargill (died 1957) married Anne Ray. MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. [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. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. This website is using a security service to protect itself from online attacks. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T. Human Rights More . Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. The employee data is based on information from people who have self-reported their past or current employments at Cargill. Mr. Team - NEXUS MONTGOMERY Global Aginvesting Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Hints and clues to help you with today's Wordle. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. Patrick Gruber - CEO and Board Member - Gevo | LinkedIn All rights reserved. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. He served on the board of directors for many years. Cargill, Incorporated provides agricultural products. 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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. 2023 PitchBook. 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). Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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? Will His AI Plans Be Any Different? There are approximately 90 family members that together own 88% of the company. 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. Cargill Company Profile: Valuation & Investors | PitchBook 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.
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