Cargill CEO Greg Page, 62, will leave his post on December 1, more than two years before the mandatory retirement age,
the
Financial Times
reported.
He will be replaced by David MacLennan, 54, who joined the company in 1991 and has been president and COO since 2011, the article said.
Page told the
FT
that more than two years ago he told the Cargill board “that I probably would not remain as CEO up to our deadline of the 65th birthday.”
Cargill, which generates annual revenues of $136.7 billion, is controlled by about 80 members of the Cargill and MacMillan families, the report noted. Wallace Cargill founded the company in 1865. (Source:
Financial Times,
Sept. 12, 2013.)
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