from 8 AM - 9 PM ET. Side-by-side, we are building a stronger, sustainable future for agriculture. Rautio, who was named president and CEO of Carlson in 2012, has been a senior executive with the company since 1997. . [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. 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. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. 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. He also will lead the company's corporate trading strategy. [13] In 2011, they sold their sixty-four-percent stake in Mosaic for $24.3 billion. [20][21] His estimated net worth was $2.6 billion when he died. When Cargill sold its 64-percent stakes in Mosaic in 2011, the two nonprofits exchanged the private Cargill stock for 114.5 million shares of the public Mosaic stock. 4 Billionaire Cargill Heir Sisters Fall Off Forbes 400 2019 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. [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 elects John Watson to Board of Directors - PR Newswire "[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". According to Forbes, 8 of the family members are billionaires. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. [4] Following the death of William Cargill in 1909, his son-in-law John MacMillan steered the company out of a debt crisis and into stability. [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. 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. The remaining 10 percent was owned by Cargill employees. Cargill, Incorporated provides agricultural products. 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. MacMillan Jr, who was a "longtime" member of Cargill Inc board of directors, had "no day-to-day role in the company". NatureWorks polylactide (PLA)1 is a versatile polymer produced by Cargill Dow LLC. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. The most common ethnicity among Cargill executive officers is White. [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. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Virginia (Ginni) M. Rometty elected to Cargill's Board of Directors Dr. Omar Ishrak elected to Cargill Board of Directors - PR Newswire Cargill testing new sail technology for cargo ships to cut emissions 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". Rob Cargill Expand search. Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . Board Members - Margaret A. Cargill Philanthropies Dismiss. [18] John MacMillan, Jr. was described as "mercurial", "innovating", and "difficult". 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. Their son, Andrew C. Liebmann, is currently on the Cargill board of directors. Cargill donates $500K for new Kansas African American Museum site Vice Chair of the Audit Committee and member of the Governance Committee.Mr. You can email the site owner to let them know you were blocked. Director of Ecolab since 2015. 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. The company was founded in 1865 when W.W. Cargill started a grain. 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. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. "[27] He was the last Cargill "family member to serve as chief executive officer". 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[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. The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. Cargill Inc - Company Profile and News - Bloomberg Markets Today the company sells and markets food, trades commodities and provides financial risk management. The Cargill-MacMillan family is the fourth-wealthiest family in America. His strategies were sometimes "under the scrutiny of the government". The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. Cargill Corp - Company Profile and News - Bloomberg Markets 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. 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. 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. "[1] Forbes listed the family's estimated net worth as $38.8 billion and the source of their wealth as Cargill Inc.[1] Each year, the Cargill-MacMillan family takes about eighteen percent of the "net profits as dividends". MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. [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. Cargill Elects John Watson to Board of Directors - Feed & Grain Human Rights More . Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. In 2000, Watson led the integration following the Chevron-Texaco merger and became the company's chief financial officer. [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. [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. 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. [4] By 1900, the Cargill Elevator Company was a major Midwestern force. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Brent Reitz | Board Member Brent Reitz was named President of Adventist HealthCare's Post-Acute Care Services division, a combination of Rehabilitation, Home Care and Care Navigation service lines, in December of 2019. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. 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. Together, they are working to make Cargill the most trusted partner in food, agriculture and nutrition. 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. He now serves on the University of California, Davis Chancellor's Board of Advisors. [11] are part of the fourth generation. 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. Edna Clara Cargill (18711963) married John H. MacMillan Sr (18691940). Cloudflare Ray ID: 7a301f3e0f147719 Board Member Board Member GLSEN May 2019 - Present 3 years 10 months. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. Watson served as vice chairman of the board before being elected chairman and CEO in 2010. 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? 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). The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. [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. Pedro Cortez Cargill - Board Member - Atipicus | LinkedIn Dismiss. He attended Oregon State University and University of Minnesota. [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. 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. [14] For many years the charities could not access the funds because it would mean liquidating "private Cargill stock". When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". 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. Win whats next. 176.74.19.164 Aerospace & Defense category Boeing nominates first Europe-based board member, . By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. Diversity, Equity and Inclusion. What a difference three - Cargill MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. The Cargill-MacMillan family is the fourth-wealthiest family in America. Executive Summary. "[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. Click to reveal 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. Global Aginvesting 2023 PitchBook. 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. 3M - Governance - Board of Directors The action you just performed triggered the security solution. [39], By 2016, the fifth generation of the Cargill family was represented on Cargill Inc's board of directorsAndrew Cargill Liebmann and Richard Cargill. For more information, visitCargill.comand ourNews Center. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. Ishrak joined Medtronic as CEO in June. Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. 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. "[17] Cargill had 160,000 employees.[17]. Related by financial asset: Cargill, Inc. Resides in Minneapolis-St. Paul, MN Metropolitan Area. . [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. This is a profile preview from the PitchBook Platform. Based on our data team's research, David MacLennan is the Cargill's CEO. We have 155,000 employees in 70 countries who are committed to . [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. (19001968). 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). "[14], This article is about the Cargill-MacMillan U.S. business family. Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. 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. 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. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. Dismiss. He served on the board of directors for many years. [8] The Cargill family had at least 14 billionaires. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. Cloudflare Ray ID: 7a301f44c8a92e9b Austen Cargill (died 1957) married Anne Ray. This website is using a security service to protect itself from online attacks. [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. [33], Their oldest son, Cargill MacMillan Jr (born Hennepin County, Minnesota, March 29, 1927 November 14, 2011) and his wife had four children. 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, To view Cargills complete investors history, request access, Youre viewing 5 of 184 investments and acquisitions. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. [20] John Hugh MacMillan worked for Cargill Inc for 35 years, from 1955 until his retirement in 1990. [15], In 2019, Forbes described Cargill Inc as an "international producer and distributor of agricultural products such as sugar, refined oil, chocolate and turkey" that also "provides risk management, commodities trading and transportation services. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Inside the Cargill Family Sarah Reid . [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. [1] [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]. Cargill CEO And Leadership: Executives and Demographics - Zippia Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel.