Cargill Inc.'s board appointed David W. MacLennan to take over
as chief executive when the current CEO, Gregory R. Page, retires
on Dec. 1.
Mr. MacLennan, who is 54 years old, has been with the company
since 1991 and is currently Cargill's operating chief and
president. He will continue to serve as president after he takes
over as CEO.
Mr. Page, 62, will remain with Cargill as executive chairman. He
started with the company in 1974 and has been its CEO and chairman
since 2007.
Cargill, one of the world's largest privately held companies,
operates businesses ranging from grain handling and meat processing
to energy trading.
Later this year, Cargill, ConAgra Foods Inc. (CAG) and CHS Inc.
(CHSCP) expect the combined companies' North American flour-milling
businesses to complete a joint venture called Ardent Mills.
Industry insiders expected the venture to control about one-third
of the U.S. milling market by capacity.
The company in April hired former Sara Lee executive Marcel
Smits to be its chief financial officer, a post Mr. MacLennan had
filled on an interim basis since Sergio Rial resigned in
November.
Write to Michael Calia at michael.calia@wsj.com
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