Cargill's New CEO

Cargill's (Minneapolis) Gregory Page will begin his new role as CEO starting tomorrow, June 1. Warren Staley, the company's current chairman and CEO will retire, having reached the mandatory retirement age of 65 for Cargill executives. Staley will continue to serve as chairman of the board of directors until its annual meeting on September 11, 2007.

After joining Cargill in 1974 as a trainee, Page has held a number of positions in the company. He was elected executive vice president in 1999 and then president and COO in June 2000. In addition, he was elected to the board of directors in August 2000.

Commenting on his successor, Staley said, "I've worked closely with Greg for the past seven years, and I know he has the capacity to lead Cargill to become an even greater company than it is today. Greg's extensive global travels and leadership experience in and outside of the United States have given him deep insight into all of our businesses. As a result, he believes strongly in harnessing the knowledge and capabilities of Cargill's diverse businesses to benefit our customers. We are excited to have Greg lead Cargill forward."


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