MINNEAPOLIS, Sept. 11, 2013 – Cargill’s board of directors elected David W. MacLennan, currently Cargill’s president and chief operating officer, as the privately owned company’s next chief executive officer, starting Dec. 1, 2013. He succeeds Greg Page, 62, who was elected CEO in 2007 and will continue to serve as executive chairman.

MacLennan, 54, will retain the title of president and continue as a director of the company. The transition is the result of the company’s ongoing succession planning with the board.

MacLennan joined Cargill in 1991 and has held various leadership positions within the financial, risk management, energy and animal protein businesses in the United States, London and Geneva. He was elected Cargill’s president and chief operating officer in 2011.

Prior to joining Cargill, MacLennan was a senior vice president with LIT America in Chicago and served as president of Fixed Income Capital Markets at U.S. Bancorp Piper Jaffray in Minneapolis. MacLennan earned a bachelor’s degree from Amherst College and a master of business administration from the University of Chicago. In addition to the Cargill board, he currently serves on the board of directors of C.H. Robinson Worldwide, Inc. and the Greater Minneapolis St. Paul Regional Economic Development Partnership (Greater MSP).

The Cargill Board of Directors also elected Emery N. Koenig, 57, as a vice chairman of the company. Koenig continues to serve as Cargill’s chief risk officer. Since joining Cargill in 1978, Koenig has worked in a variety of commodity trading and risk management roles in the United States and Switzerland. Koenig currently serves as chairman of Black River Asset Management, an independently managed subsidiary of Cargill. He was elected to the Cargill Board of Directors in 2010. He also serves on the board of directors of The Mosaic Company, and is a director of CARE USA and the Catholic Community Foundation, and a trustee for Minnesota Public Radio. He earned a bachelor’s degree in business management from the University of North Dakota.


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