Agribusiness giant Cargill introduced David MacLennan as its next CEO Wednesday.
As the Wall Street Journal reports, MacLennan is already Cargill's president and has been with the Wayzata-based company for 22 years. He'll take over the CEO duties from Gregory Page on December first.
Reuters says Page will stay on as executive chairman, leading the board of directors and representing the company in various interactions.
The Star Tribune interviewed both men and reports that the executive transition has been in the works for 18 months.
According to Reuters, Cargill is the largest grain exporter in the U.S. Its other holdings, ranging from meat processing to energy trading, make it one of the largest privately held companies in the world.
MacLennan told the Star Tribune “Being as big as we are, there is always something interesting happening in the Cargill world.”