David W. MacLennan, currently the president and CEO of Cargill, has been named the company’s chairman of the board. The Cargill board of directors elected MacLennan to the post at its meeting on September 10.
In addition to serving as the board chairman, MacLennan will continue to serve as the company’s president and CEO.
With MacLennan’s appointment, Gregory R. Page, 64, will step down as executive chairman and continue to serve on the board as an executive director of the company.
“The board appreciates David’s leadership and management of the company. We have the highest confidence he will deliver long term growth for Cargill. Now is the time for him to lead the board as well,” Page said.
MacLennan, 56, 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 left the company in 2000 to become president of Fixed Income Capital Markets at U.S. Bancorp Piper Jaffray and returned to Cargill in 2002. In 2008 he was named Cargill’s chief financial officer and elected to the Cargill Board of Directors. He was elected Cargill’s president and chief operating officer in 2011, and chief executive officer in 2013. MacLennan earned a bachelor’s degree from Amherst College and a master of business administration from the University of Chicago.
