The Last Cargill Family Member To Run The Giant Agribusiness Company Has Died

Mar 12, 2020 at 04:10 PM CST + 1
Whitney MacMillan, a billionaire and the former chairman and chief executive officer of agribusiness giant Cargill, passed away on March 11 in Vero Beach, Florida at 90 years old. MacMillan transformed the company over nearly five decades. The patriarch of the Cargill-MacMillan clan, MacMillan spent 44 years at his family’s midwestern grain trader. He took over as CEO and chairman of the board in 1976 and led the company to become a global conglomerate. He retired in 1995 at the company’s mandatory age of 65. Along with adding independent directors to the Cargill board and creating an employee stock ownership plan, MacMillan crucially steered the company to stay private. Dozens of Cargill and MacMillan family descendants own a piece of the company and some family factions have tried to cash out over the years.

Mar 12, 2020 at 04:10 PM CST

+ 1

Whitney MacMillan, a billionaire and the former chairman and chief executive officer of agribusiness giant Cargill, passed away on March 11 in Vero Beach, Florida at 90 years old. MacMillan transformed the company over nearly five decades. The patriarch of the Cargill-MacMillan clan, MacMillan spent 44 years at his family’s midwestern grain trader. He took over as CEO and chairman of the board in 1976 and led the company to become a global conglomerate. He retired in 1995 at the company’s mandatory age of 65. Along with adding independent directors to the Cargill board and creating an employee stock ownership plan, MacMillan crucially steered the company to stay private. Dozens of Cargill and MacMillan family descendants own a piece of the company and some family factions have tried to cash out over the years.