This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Marcel Smits To Become Cargill's Chief Financial Officer

MINNEAPOLIS, April 1, 2013 /PRNewswire/ -- Cargill today announced that former Sara Lee executive, Marcel Smits, is its new chief financial officer, effective April 15.

" Marcel Smits is a terrific addition to the Cargill leadership team. His global experience in financial management and the food industry will be a tremendous asset to the company," said Cargill Chairman and Chief Executive Officer Greg Page.

Smits, a native of the Netherlands, served in a variety of financial management positions for Unilever in Europe, Latin America and Asia throughout the mid-1980s and 1990s, lastly as senior vice president of finance for China. He subsequently served as CFO for two Dutch listed companies, first for Vendex KBB, a retail group, then for KPN, the country's leading telecommunications service provider. Both Vendex KBB and KPN serve a variety of European markets. Smits became CFO of Sara Lee in 2009 and was appointed CEO in early 2011. During his tenure at Sara Lee, the company restructured its portfolio and split itself into two separate companies, Hillshire Brands, a North American food company that maintains "Sara Lee" as one of its product brands, and D.E Master Blenders 1753, an international coffee and tea business listed and headquartered in the Netherlands. Smits is a certified public accountant with master's degrees in business administration and tax law from the University of Amsterdam.

Cargill's CFO position was vacated in November 2012 when Sergio Rial left the company to return to his native Brazil. Cargill President and Chief Operating Officer David MacLennan had added the duties of interim CFO to his responsibilities up until now.

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 142,000 people in 65 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to applying its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit http://www.cargill.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,845.36 -66.75 -0.39%
S&P 500 1,966.02 -3.93 -0.20%
NASDAQ 4,453.1660 +10.4680 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs