Cargill CFO to resign

by Meat&Poultry Staff
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MINNEAPOLIS – Sergio Rial, chief financial officer at Cargill, will resign his position with the company at the end of November for personal reasons, Cargill announced Nov. 2. Rial plans to return to his native Brazil.

David MacLennan, president and chief operating officer, will serve as interim chief financial officer until the company's board of directors elects a successor, the company said.

Rial has led Cargill’s group of food businesses since 2004 and Cargill’s financial services businesses since 2009, according to the company. He became a senior vice president and member of the Cargill Leadership Team in 2009. He also was the company’s regional director for Latin America and was executive chairman of CarVal Investors, a Cargill subsidiary. He was elected to the Cargill board of directors in 2010 and elected chief financial officer in 2011.

“Since joining us in 2004, Sergio has energized our growth in Latin America and provided vigorous and thoughtful leadership as a member of the Cargill Leadership Team and board of directors and as chief financial officer,” said Greg Page, chairman and chief executive officer.

MacLennan joined Cargill in 1991 and has held management positions within the company's financial, risk management, energy and animal protein businesses. He previously served as Cargill’s CFO from 2008 to 2011. MacLennan will continue as Cargill’s president and COO while in the interim role.

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