John S. Watson, retired chairman of the board and chief executive officer of Chevron Corp., has been elected to the Cargill board of directors, effective Feb. 1.
Watson recently retired from Chevron after 37 years with the company.
“We are delighted to welcome John to the Cargill board,” said David MacLennan, chairman and chief executive officer of Cargill. “John brings a wealth of experience from his long career at Chevron. He has a global perspective, with deep understandings of manufacturing economics, performance through technology, sectoral change and market volatility, geopolitical risk and more. John’s knowledge and insights will be invaluable for Cargill and our board.”
Watson joins six other independent directors on Cargill’s board: Richard Anderson, president and CEO of Amtrak; Louis Chenevert, retired chairman and CEO of United Technologies Corp.; Arthur Collins Jr., retired chairman and CEO, Medtronic, Inc.; Stephen Hemsley, executive chairman of UnitedHealth Group; Bernard Poussot, retired chairman, president and CEO of Weyeth; and Trudy Rautio, retired president and CEO of Carlson.
Cargill, a privately-owned company based in Minneapolis, Minnesota, U.S., provides food, agriculture, financial and industrial products to customers worldwide.
By Arvin Donley
Source: World Grain
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.
