Cargill’s current president, David MacLennan, named chief executive officer

Cargill’s current president, David MacLennan, named chief executive officer

Cargill board elects Page as executive chairman, Koenig as vice chairman

David W. MacLennan, currently Cargill’s president and chief operating officer, has been elected as the corporation’s next CEO by the Cargill board of directors. His appointment is effective December 1.

MacLennan will succeed Gregory R. Page as CEO, while Page will serve as executive chairman. MacLennan will retain the title of president and continue as a director of the company.

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. In 2008, he was named Cargill’s chief financial officer and elected to the Cargill board of directors.

In his role as executive chairman, Page will continue to lead the board and will represent the company in a variety of interactions and public forums with customers, policymakers and others, and will be available as a resource to the company.

Page was elected CEO in 2007 and chairman later that same year. He was elected to the Cargill board of directors in 2000 and served as president of the company from 2000 until 2011. Page joined Cargill in 1974 as a trainee in its feed division and has held various leadership positions in Asia and North America.

The Cargill board also elected Emery N. Koenig, 57, as a vice chairman of the company. Koenig will also continue 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.

Paul D. Conway will continue as a vice chairman of the company.