Cargill remains a private company

Cargill Inc. begins the new fiscal year in a good position after they sold the majority stake in Mosaic Co. Cargill chief finance officer said the company was in good shape with plenty of options as a diverse company.

"The company, whose diverse businesses range from grain merchandising to meat processing to energy trading, invested more than US$3 billion (€2.127 billion) in acquisitions and expansions in the fiscal year ended May 31". Chief financial officer Sergio Rial said. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

New Chairman for AgFeed Industries

The board of pork and animal feed manufacturer AgFeed Industries Inc. has elected John Stadler chairman and named him interim president and CEO, replacing two executives who will stay with the company.

Stadler replaces Songyan Li as chairman, Li will become vice chairman of the company's hog production business with a focus on Chinese government relations. Junhong Xiong stepped down as president and CEO and as a board member to focus on being chairman of the company's animal nutrition business, which is in registration for an initial public offering.

AgFeed also said it made Edward Pazdro chief financial officer. He had served as an acting CFO since November. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.