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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. Earlier, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. 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. MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Dr. Omar Ishrak, former executive chairman and CEO of Medtronic, has been elected to the Cargill Board of Directors. 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. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. [33] Their fortunes were all listed as "inherited". The Cargill-MacMillan family owns Cargill, one of America's largest private companies with revenues of $114.6 billion. 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. All rights reserved. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. "[23], According to a March 2, 2015 article in the Business Insider, Cargill Inc had "75 businesses employing 143,000 people in 67 countries" with a yearly revenue in 2013 of over $134 billion. [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". Get the full list, Youre viewing 3 of 11 board members. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. [28][29] His career at Cargill spanned almost four decades. 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Cargill and Brother Ownership Status Privately Held (backing) Financing Status Private Debt Financed Primary Industry Other Financial Services Other Industries Other Agriculture Primary Office Post Office Box Number 9300 Minneapolis, MN 55440-9300 United States +1 (800) 000-0000 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. 'Daisy Jones & The Six' is breaking records and topping charts. 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. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. 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. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Director of Ecolab since 2015. 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. Get the full list, Youre viewing 5 of 21 exits. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. "[14], This article is about the Cargill-MacMillan U.S. business family. Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information 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. 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. 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. Side-by-side, we are building a stronger, sustainable future for agriculture. Watson retired from Chevron and its board after a distinguished 37-year career at the company. Mr. [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. Omars deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO, said David MacLennan, chairman and CEO of Cargill. When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. . [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. Cargill has 6 board members and advisors, including Bernard Poussot. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. 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. [1] Cargill invested more than $10 million in 2020 to support Black, Indigenous and people of color (BIPOC) children and families in our headquarters community of Minneapolis-St Paul, the United States and beyond through education, mentoring, nutrition and digital access programs. Heres How To Trade The Stock Now, A Century Of Women, Work - And Juggling Family, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. The Cargill-MacMillan family is the fourth-wealthiest family in America. She was on the list of billionaires in 2010. "Omar's deep international. This button displays the currently selected search type. This website is using a security service to protect itself from online attacks. 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. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. Will Others Follow? As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. [16]:xiii Until 1960, when Edwin Kelm was named as president of Cargill Inc, the company's history had been marked by "family complexity". His retirement from the company and its board on Feb. 1 was announced by Chevron on Sept. 28, 2017. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. 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. 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). Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? Their 2009 annual earnings dropped 15% to $3.3 billion. 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. None of the information on this page has been provided or approved by Cargill. [20][21] His estimated net worth was $2.6 billion when he died. Investing in education. He received a bachelors of science degree and a doctorate in electrical engineering from the University of London, Kings College. [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. [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]. [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. [8] The Cargill family had at least 14 billionaires. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. [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. Dismiss. General Production Manager jobs at Cargill. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. White is the most common ethnicity company-wide. 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. With fourteen billionaires in the family in 2019,[1][8] the Cargill family has more individual billionaires among its members than any other family anywhere in the world,[9] making them the family with the most wealthy members in history. The most common ethnicity among Cargill executive officers is White. Bernard Poussot Board Member 2010 David MacLennan Board Member 2022 Gregory Page Board Member Ginni Rometty Board Member 2022 Richard Anderson Board Member Louis R. Chenevert Board Member Choose the right Crunchbase solution for you Start Your Free Trial Crunchbase News The action you just performed triggered the security solution. 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. Performance & security by Cloudflare. 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. There are approximately 90 family members that together own 88% of the company. [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Director of Ecolab since 2015. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. 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. [4] Richard Cargill was also appointed to the Cargill board of directors to replace a retired Cargill relative. Focused on developing a deep bench of leaders and mentoring people with unconventional career paths. [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. 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. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. By 2019, twenty-three Cargill-MacMillan family members owned 88% of the family company,[1] which reported $113.5 billion in revenue in 2019. "Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. ntended to serve farmers, producers, manufacturers, retailers, governments and others. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. The museum, currently . 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. He attended Oregon State University and University of Minnesota. Board Member Segetis Jan 2008 - Aug 2012 4 years 8 months. Win whats next. 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. "[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. Get the full list, Youre viewing 5 of 30 subsidiaries. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The data presented on this page does not represent the view of Cargill and its employees or that of Zippia. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. from 8 AM - 9 PM ET. Cargill serves customers worldwide. Page is on the board of the following public companies in addition to 3M: Eaton Corporation, Deere & Company.