Cargill Inc. CEO David MacLennan is warning that protectionist and anti-immigration policies could hurt the company — one of the nation’s largest — by stalling trade and driving away some of its best people.
Bloomberg reports on an essay by MacLennan in the Huffington Post (you can also read his full remarks here), noting that he becomes the latest CEO to push back against President Donald Trump’s immigration ban and moves to scrap international trade deals.
Though McLennan doesn’t mention Trump by name, he calls out legal immigration as a positive force, both for the company and the U.S. economy, and adds that, “The current climate has many of our smartest people from outside the U.S. questioning whether they want to stay here.”
He also speaks up for international trade deals, noting that American agricultural exports to Mexico and Canada have quadrupled to $38.6 billion since the North American Free Trade Agreement was implemented. “We can’t afford to wall ourselves off from these markets,” he said.
Minnetonka-based Cargill’s got a horse in the race, of course. It and other agribusiness giants are among the world’s largest trading companies. But Cargill has traditionally kept out of political debates, so MacLennan speaking out about this sort of thing is generally more surprising than, say, Starbucks’ Howard Schultz doing it.
By Mark Reilly
Source: Biz Journals
Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.
US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.
Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.
