Dave MacLennan, Cargill chairman and CEO, has announced a new executive leadership team for Cargill globally, designed to streamline and simplify the company’s operations.
The previous two-tiered executive leadership structure will be replaced by a single executive team under MacLennan comprising leaders of the five major business groups (ag supply chain, animal nutrition, animal protein, food ingredients, and energy, transportation and metals) and four functions (finance, HR, business services, and business operations and supply chain). The executive team will be responsible for the overall strategic direction for the company and the performance of their business sectors.
Explaining the changes, which become effective Dec. 1, 2015, MacLennan said: “Like any dynamic organization, we are continually reviewing all aspects of our business, including our leadership structure, to ensure that we are well positioned to effectively lead the company’s growth and performance. There have been a lot of changes in the 150 years since Cargill was founded, and we have always evolved to anticipate market conditions and the needs of the customers we serve. This change is aimed at simplifying our leadership structure and increasing the speed of decision making – agility being critical in today’s fast-moving world.”
Separately, Vice Chairmen Paul Conway and Emery Koenig have confirmed their planned retirements from Cargill after 36 and 38 years’ service, respectively. Both have been active in the discussions around the composition of the new executive team and are strong supporters of the direction. They are retiring after long and successful careers at Cargill. Conway will retire effective Dec. 31, after 36 years, and Koenig on Feb. 1, after 38 years.
Last week, reports emerged that restructuring at Cargill could mean job cuts and the closure of two offices. An industry source told Reuters that the company may eliminate as many as 4,000 jobs, or about 2.5 percent of its employees.
Cargill shakes up executive management structure
Cargill, the world’s biggest agricultural merchant, has announced a shake-up of its senior management structure, replacing a sprawling two-tier system with a single executive team. The new structure will see the heads of Cargill’s five biggest