Staley to succeed Micek as Cargill chief executive
May 01, 1999
by Teresa Acklin
MINNEAPOLIS, MINNESOTA, U.S. Ernest Micek, the 63-year-old chairman and chief executive officer of Cargill, Inc., announced recently that he will retire in August 2000. His successor as chief executive, effective June 1, is Warren R. Staley, who is currently president of Cargill, Inc.
“We have navigated a stormy world marketplace over the past two years, and at the same time we have developed a new strategic plan that will lead us aggressively into the future,” Mr. Micek said in a prepared announcement in April. “Now is the best time for me to begin passing the baton.”
Of Mr. Staley's selection to succeed him, Mr. Micek said, “Warren brings 30 years of experience with many Cargill businesses and locations, and he has been a critical factor in our march into more value-added businesses and services. He has a steady hand and an eye on the future. With a strong board of directors behind us, we'll manage a smooth transition for our associates, our customers and suppliers, and our communities all over the world.”
Cargill, based in Minneapolis, is an international marketer, processor and distributor of agricultural, food, financial and industrial products with more than 80,000 employees in 1,000 locations in 65 countries and with business activities in 130 more. The company is waiting for the go-ahead from the U.S. Department of Justice to complete the acquisition of the worldwide commodity marketing business of Continental Grain Co. (see World Grain, January 1999, Page 30).