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Cargill has 6 board members and advisors, including Bernard Poussot. [37], Their second son, Austen S. Cargill II (born 1951), who lives in Livingston, Montana, has two children. Cargill is 37% female and 63% male company-wide. How has the Suns' new starting group performed? This is a profile preview from the PitchBook Platform. The company was founded in 1865 when W.W. Cargill started a grain. For more information, visit Cargill.com and our News Center. The action you just performed triggered the security solution. The most recent family members appointed to the board are fifth generation. Aerospace & Defense category Boeing nominates first Europe-based board member, . 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. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. 11% of the management team is Black or African American. 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. Proven record of managing risk, leading effective global operations and commercial teams. [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. Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. [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. 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. She was on the list of billionaires in 2010. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. [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. This button displays the currently selected search type. Based on our data team's research, David MacLennan is the Cargill's CEO. Additionally, Ishrak joined the board of Intel in January 2020 as an independent chairman. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. "[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. Mr. [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. 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. 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. [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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. "[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". Get the full list, Youre viewing 5 of 21 exits. 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. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. There are approximately 90 family members that together own 88% of the company. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. 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. 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 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? By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. 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. Mr. White is the most common ethnicity company-wide. [42], Four members of the Cargill family ranked 220 on "The 400 Richest Americans 2009" list, each with a net worth of $1.6 billion. 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. [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. [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. "Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. [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. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Mr. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. Ishrak grew up in Bangladesh. Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . Even so, with each successive generation, the pieces of the Cargill ownership pie get smaller and smaller. [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]. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. 2023 Forbes Media LLC. [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. Get the full list, Youre viewing 5 of 30 subsidiaries. "[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". Performance & security by Cloudflare. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. The Cargill-MacMillan family is the fourth-wealthiest family in America. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months.
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