Sikes promised to “streamline and simplify the organization” with the restructuring, which could also result in selling off parts of Cargill’s portfolio. The CEO is in his second year leading the 160-year-old company, an ag trader, food processor and one of the world’s largest meatpackers, with operations in 70 countries.
In addition to a number of environmental pledges the company has promised to fulfill by 2030, Sikes has now staked his legacy on building Cargill a reliable growth engine by 2030.
“Cargill can be the world’s most consequential food and agriculture company,” he wrote in this week’s memo, according to Bloomberg. “And before the finish of this decade, we will.”
This story contains material from Reuters.
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