[16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. 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. This website is using a security service to protect itself from online attacks. [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. White is the most common ethnicity company-wide. [8] The Cargill family had at least 14 billionaires. "[17] Cargill had 160,000 employees.[17]. [3], By 2009, the Cargill family had "owned common equity in the company for over 140 years. 176.74.19.164 Dismiss. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. All rights reserved. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. Click to reveal An agreement among different branches of the family puts six family members on Cargill's 17-person board. She was on the list of billionaires in 2010. Pedro Cortez Cargill - Board Member - Atipicus | LinkedIn [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . [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. For more information, visit Cargill.com and our News Center. 3M - Governance - Board of Directors Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 9% of employees are Black or African American. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Get the full list, Youre viewing 5 of 30 subsidiaries. Cargill donates $500K for new Kansas African American Museum site Virginia (Ginni) M. Rometty elected to Cargill's Board of Directors Cargill, Minneapolis Carlson CEO Trudy Rautio was elected to the board of directors. MacLennan has served as Chairman of the Board of Cargill since 2015 and as Chief Executive Officer since 2013. Austen Cargill (died 1957) married Anne Ray. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. [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. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. [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. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. 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. Mr. Musk Made a Mess at Twitter. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. Get the full list, Youre viewing 3 of 11 board members. This button displays the currently selected search type. Performance & security by Cloudflare. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. 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. 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. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. [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. 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. 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. Aerospace & Defense category Boeing nominates first Europe-based board member, . 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. 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 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. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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 [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. [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. Cision Distribution 888-776-0942 [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. He attended Oregon State University and University of Minnesota. 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 [1] Descendants of Cargill and MacMillan have owned common equity in the "agribusiness giant" Cargill Inc, one of the largest privately owned corporations in the United States,[2][3] for over 140 years. The Cargill-MacMillan family is the fourth-wealthiest family in America. 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. Cargill family - Wikipedia "[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. Proven record of managing risk, leading effective global operations and commercial teams. 2023 PitchBook. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 - October 17, 1909) and his son-in-law John H. MacMillan Sr. 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. Will Others Follow? Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Mar 1, 2023. Ishrak grew up in Bangladesh. 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. Cargill is 37% female and 63% male company-wide. [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". This is a profile preview from the PitchBook Platform. [1] Fourteen of the family members were still billionaires in 2019. Get the full list, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. Mr. "[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". Cargill provides food, agriculture, financial and industrial products and services to the world. Will His AI Plans Be Any Different? [5][6], By 2019, Cargill Inc had been listed as America's largest private company since 1986, in all but two years that Forbes has maintained the list. The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 October 17, 1909) and his son-in-law John H. MacMillan Sr. We have 155,000 employees in 70 countries who are committed to . After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. 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. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. . [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. [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. Your IP: Virginia (Ginni) M. Rometty elected to Cargill's Board of Directors 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.