Cargill Inc said its chief financial officer, Jamie Miller, is stepping down for another opportunity as the agriculture giant reshuffles its executive leadership.
The Minneapolis-based company said Monday that Ms. Miller would leave Cargill on Jan. 13. she joined kargil about a year and a half ago from
general Electric Co.
, where he served as CFO for just over two years. She was the first woman in the industrial conglomerate to hold the top financial role.
Cargill’s chief financial officer Jamie Miller is set to leave the company on January 13.
photo:
Kargil
According to a spokesperson, Cargill has begun an external and internal search for a successor for Ms. Miller. The company declined to make Ms. Miller available for an interview, or to say where she was going.
Ms Miller’s departure follows a January 1 promotion Brian SykesFormer Chief Operating Officer of Cargill, For the role of Chief Executive Officer, Mr Sykes succeeds David McLennan, who took over as acting chairman of the company’s board after nine years as CEO.
Joan Knight, vice president of finance in Cargill’s agricultural supply-chain division — which includes its ocean transportation and world trade businesses — will serve as acting CFO, the company said. Prior to joining Cargill in July 2019, Ms. Knight worked for a decade
general mills Inc.,
Packaged-food company.
Cargill, one of the world’s largest food suppliers, buys crops from farmers, trades commodities and processes meat. As a private company, it does not face the same financial disclosure requirements as publicly traded firms. In 2020, it ended long term practice to provide quarterly results, and instead reports fiscal year numbers in its annual reports.
In August, Cargill said it had revenue of $165 billion for the fiscal year ended May 31, up 23% from the previous year. The company and its competitors have benefited from this over the past year high commodity prices and ongoing supply shortages, operated in part From Russia’s war in Ukraine.
A key challenge for Ms Miller’s successor will be learning about Cargill, a global corporation that makes products ranging from animal feed to chocolate, said John Rogers, a senior vice president
moody’s Corporation
Credit rating firm. “That’s the biggest thing – getting a good understanding,” he said.
During Ms. Miller’s tenure at Cargill, the company, along with investment firm Continental Grain Company, That which has been completed One of the nation’s largest poultry producers, Sanderson Farms Inc. $4.5 billion acquisition of Under the transaction, Cargill and Continental combined Sanderson with Wayne Farms LLC, a poultry company owned by Continental. Cargill and Continental equally share ownership of the combined company, now known as Wayne-Sanderson Farms.
Mr. Sykes, Cargill’s new CEO, said in a press release announcing Ms. Miller’s departure, “Over the past few years, we have further strengthened our business model, expanded our business portfolio and are well positioned for long-term success. are in position.”
—Colin Kellaher contributed to this article.
write to Kristin Broughton at Kristin Broughton@wsj.com
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