The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. Director of Ecolab since 2015. Executive Summary. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. Performance & security by Cloudflare. 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. 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 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. 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. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. For more information, visit Cargill.com and our News Center. "[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". By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Kevin Cargill serves as the Vice President and Chief Financial Officer of Adventist HealthCare White Oak Medical Center. Explore institutional-grade private market research from our team of analysts. "[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. Edna Clara Cargill (18711963) married John H. MacMillan Sr (18691940). MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. [4][40] Non-family Cargill CEO David MacLennan has taken the "next-generation family members on tours of the company's facilities and answers family members' questions weekly. Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. 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. Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. John's knowledge and insights will be invaluable for Cargill and our board.". The employee data is based on information from people who have self-reported their past or current employments at Cargill. Mar 1, 2023. [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. ntended to serve farmers, producers, manufacturers, retailers, governments and others. This website is using a security service to protect itself from online attacks. Cargill has 166,000 employees, of which 34 are in a leadership position. The Cargill-MacMillan family is the fourth-wealthiest family in America. In 2000, Watson led the integration following the Chevron-Texaco merger and became the company's chief financial officer. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. [4] Liebman's mentorship included a tour of the company's interests in India, China and Singapore. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. [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 Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. The company was founded in 1865 when W.W. Cargill started a grain. According to Forbes, 8 of the family members are billionaires. 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 . 2023 Forbes Media LLC. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". MINNEAPOLIS - Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. 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 remaining 10 percent was owned by Cargill employees. 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). Over the years, he held a number of positions in the United States and Singapore. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Cloudflare Ray ID: 7a301f44c8a92e9b Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. California Weighs $360,000 in Reparations to Eligible Black Residents. He remained as Cargill CEO for 3540 years. "[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. An agreement among different branches of the family puts six family members on Cargill's 17-person board. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. Watson retired from Chevron and its board after a distinguished 37-year career at the company. [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". Will Others Follow? 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. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Director of Ecolab since 2015. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Cargill provides food, agriculture, financial and industrial products and services to the world. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . He now serves on the University of California, Davis Chancellor's Board of Advisors. 13% of Cargill's management is Hispanic or Latino. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. Ishrak joined Medtronic as CEO in June. Jobs People Learning Dismiss Dismiss. 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. Rob Cargill Expand search. 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. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. Join now Sign in . Dismiss. 'Daisy Jones & The Six' is breaking records and topping charts. 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. [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. 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. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. 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. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. [34][35], The third generation also includes the daughter and son of Austen Cargill and Anne Ray. Your IP: And, yes, we've come a long way, baby! Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. 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. 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 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. "Omar's deep international. 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. You can email the site owner to let them know you were blocked. Today the company sells and markets food, trades commodities and provides financial risk management. 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. She was on the list of billionaires in 2010. Proven record of managing risk, leading effective global operations and commercial teams. [30], The Cargill-MacMillan family is the fourth richest family in the United States on Forbes' list. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. 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. 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 is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era.