Cargill became the second agricultural trading giant this year to announce that its chief executive is to step down, to be replaced by an internal candidate, revealing that Greg Page will quit in December after six years.
He will be succeeded by David MacLennan, whose 22-year career at Cargill has included spells in the UK and Switzerland as well as in the group’s native US, gaining the position of chief operating officer in a reshuffle two years ago.
The announcement of Mr. Page’s departure comes seven months after rival agricultural trading giant Bunge revealed that its longstanding chief executive, Alberto Weisser, was to step down as chief executive, also in favor of an internal candidate, Soren Schroder.