Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. Thailand Spent $13 Billion in Three Years to Fight Pandemic, UN Finalizes Global Deal on Marine Biodiversity Jurisdiction, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Rivian Tells Staff EV Output May Be 24% More Than Forecast. 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. An agreement among different branches of the family puts six family members on Cargill's 17-person board. 2023 Forbes Media LLC. 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. You can email the site owner to let them know you were blocked. The three others are third generationAusten S. Cargill II (58) in Livingston, Montana, James R. Cargill II (60) Birchwood, and Marianne Cargill Liebmann (56) in Bozeman. [33] Their fortunes were all listed as "inherited". He served on the board of directors for many years. The action you just performed triggered the security solution. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. MINNEAPOLIS Omar Ishrak, PhD, former executive chairman and chief executive officer of Medtronic, has been elected to the board of directors at Cargill. He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Performance & security by Cloudflare. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. 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. MacMillan offers the closest look yet at the private lives behind the largest privately held company in the world.[27]. Get the full list, Youre viewing 3 of 11 board members. Executive Summary. For the aristocratic family, see, Five generations of the Cargill-MacMillan family, "The 28 richest billionaire families in America, ranked", "The Richest People You've Never Heard Of", "David MacLennan on how agri-major Cargill turned a global crisis into an opportunity", "America's Largest Private Companies 2019", "14 Cargill heirs on Forbes' list of billionaires, more than any family in world", "James R. Cargill II - The Forbes 400 Richest Americans 2009", "Bloomberg, Mosaic Says Fertilizer Prices to Remain 'Challenging' Into 2014, 5 November 2013", "This Year's Most Generous Billionaire Philanthropist Has Been Dead Since 2006", "Obituary: Cargill MacMillan, 84, company heir", "Secretive Billionaire Cargill MacMillan Jr. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. This website is using a security service to protect itself from online attacks. Hints and clues to help you with today's Wordle. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Ishrak joined Medtronic as CEO in June 2011, retiring in April 2020 and staying on as executive chairman and chairman of the board until December 2020. He held the offices of Chief Operating Officer and President from 2011 until his appointment as Chief Executive Officer in 2013. 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? This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. [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. Brands, Inc., as independent director of the company and a member of the board's Audit Committee and Nominating and Corporate Governance . Cargill's North American protein business, headquartered in Wichita, has donated $500,000 to support the relocation of the Kansas African American Museum. "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. Driving strategic disruptions and delivering products for todays customers and the next generation of global consumers. 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. [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. Mary Janet Morse Cargill (85), who lived in Minneapolis, was the widow of James R. Cargill (19232006) of the second generation. Zippia gives an in-depth look into the details of Cargill, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cargill. The employee data is based on information from people who have self-reported their past or current employments at Cargill. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. Dismiss. All rights reserved. Lundquist spent 16 years with leading retailer and Cargill . He was elected to the Cargill Board of Directors in 2000 and elected Chairman of the Board in 2007. Their son, Andrew C. Liebmann, is currently on the Cargill board of directors. Watson earned a bachelor's degree in agricultural economics from the University of California, Davis in 1978 and a master's degree in business administration from the University of Chicago Booth School of Business in 1980. "We are delighted to welcome John to the Cargill board," said David MacLennan, Cargill's chairman and chief executive officer. 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. Dismiss. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. He attended Oregon State University and University of Minnesota. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. [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. She has worked as Chief Information Officer at Baker Hughes, CIO:Construction Industries at Caterpillar Inc., and Chief Information Officer at GE Oil & Gas. 'Daisy Jones & The Six' is breaking records and topping charts. [5], W. Duncan MacMillan, and James and Margaret Cargill died in 2006. MINNEAPOLIS, Feb. 1, 2018 /PRNewswire/ -- John S. Watson, retired chairman of the board and chief executive officer of Chevron Corporation, has been elected to the Cargill Board of Directors, effective today. "[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. Your IP: 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. Here are further demographic highlights of the leadership team: 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. 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. "[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". [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. Explore institutional-grade private market research from our team of analysts. "[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". 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 In January 2020, Ishrak was named independent chairman of the board of the board of Intel. 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. 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. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. 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. [33], Marianne Cargill Liebmann's net worth was $3.1 billion in 2020. Mr. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. [28][29] His career at Cargill spanned almost four decades. When typing in this field, a list of search results will appear and be automatically updated as you type. Investing in education. Get the full list, Morningstar Institutional Equity Research, Stabilized steviol glycoside malonic acid esters, President & Regional Director, Asia Pacific (Agriculture), President & Business Unit Leader - Cargill Industrial Specialties, Chairman of Asia Pacific and Head of Corporate Strategy. Performance & security by Cloudflare. Based on our data team's research, David MacLennan is the Cargill's CEO. 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. 11% of the management team is Black or African American. Agricultural Supply Chain & Corporate Trading, Business Operations and Supply Chain, Chief Transformation Officer. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Corporate Governance Director-WAY07483 Cargill provides food, agriculture, financial and industrial products and services to the world. He now serves on the University of California, Davis Chancellor's Board of Advisors. 2023 PitchBook. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Producer of agriculture products and provider of financial services intended to serve farmers, producers, manufacturers, retailers, governments and others. [8] The Cargill family had at least 14 billionaires. Cargill, Inc. Jan 21, 2021, 10:00 ET. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. [1] [30] A new generation of the Cargill family was appointed to the board of directors, according to the Wall Street Journal. [5][6] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually.
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