Following a decline in profitability, privately held Cargill Inc. is apparently to undergo structural changes. Informed observers have noted that a high proportion of Cargill businesses failed to meet earnings goals during fiscal 2024.
The Company will consolidate operations into three units:
- Food to be led by Jon Nash
- Ag and Trading to be managed by Roger Watchorn
- The Specialized portfolio including Animal Nutrition and Health guided by David Webster
Concurrent with these changes in operations, a number of executives will retire including Julian Chase Head of Business Operations and Supply Chain. The Company has also embarked on a program of reducing costs to increase return on capital.
Changes at Cargill parallel the consolidation of facilities and programs to reduce