Cargill CEO MacLennan to Succeed Page as Chairman
September 10 2015 - 7:00PM
Dow Jones News
Cargill Inc. said Greg Page is stepping down as executive
chairman, while President and Chief Executive David W. MacLennan
will add the chairman post to his current roles.
Mr. Page, 64 years old, will remain on the agricultural
conglomerate's board.
Mr. MacLennan, 56 years old, started with Cargill in 1991. He
left in 2000 to join U.S. Bancorp Piper Jaffray and rejoined
Cargill in 2002. He has held positions including chief financial
officer and chief operating officer, and replaced Mr. Page as CEO
in 2013.
Mr. Page joined the company in 1974 as a trainee in its feed
division and was Cargill president from 2000 through 2011.
In late July, executives at Cargill's Black River Asset
Management LLC decided to close four hedge funds and return more
than $1 billion to investors, citing a lack of investor demand.
In August, Cargill agreed to buy Norwegian fish-feed producer
EWOS for $1.49 billion, a deal that would give it a leading
position in supplying food for salmon and trout farms.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 10, 2015 18:45 ET (22:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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