Succeeds Dave MacLennan, who will become board's executive chair
November 23, 2022
Sikes will be the 10th CEO in Cargill's 157-year history and brings a strong track record of business operational rigor to the role, having grown the company's global Protein and Salt enterprise into an industry leader.
Wayne Farms CEO Clint Rivers will lead the new poultry business.
August 9, 2021
Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
Program would accelerate sustainable grazing across 1 million acres in Texas, Oklahoma, New Mexico, Kansas, and Colorado.
April 20, 2021
Sysco and Cargill, two of the world's largest food companies, announced a partnership with the National Fish and Wildlife Foundation (NFWF) that will help ranchers in Texas, Oklahoma, New Mexico, Kansas and Colorado tackle the impacts of climate change and improve grasslands and wildlife habitat by creating one of the largest sustainable beef cattle grazing efforts in the nation.
When it comes to climate change, some consumers view agriculture as a part of the solution rather than the problem. Among participants in Cargill’s recent global Feed4Thought survey, those who indicated climate change as important to them also rated livestock and agriculture lowest in negative impact compared with other industries generally regarded as significant contributors. More than one-third of respondents expressed confidence in the industry’s ability to limit its contributions to climate change.
Since launching last year, the Bold Heroes program has donated $70,000 and 40,000 TGI Fridays frozen beef patties to fire departments across the U.S.
July 8, 2020
To say a big thank you to firefighters across the nation for their hard work and unwavering dedication to the community, Cargill and TGI Fridays teamed up last summer to build Bold Heroes. Bold Heroes is an initiative designed to provide firefighters across the nation with TGI Fridays frozen beef patties, condiments and grilling supplies, so they can host their own cookouts at the station during the busiest times.