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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