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TWO ADDITIONAL INDEPENDENT DIRECTORS ELECTED TO CARGILL BOARD

 TWO ADDITIONAL INDEPENDENT DIRECTORS ELECTED TO CARGILL BOARD
 MINNETONKA, Minn., Aug. 12 /PRNewswire/ -- Chairman Whitney MacMillan today announced the election of two more independent members to Cargill's board of directors.
 Elected to the board were: Michael R. Bonsignore, executive vice president and chief operating officer of Honeywell, Inc., Minneapolis; and Lloyd P. Johnson, chairman and chief executive officer of Norwest Corporation, Minneapolis.
 "This is a continuation of the board-restructuring plan approved by shareholders last fall and initially implemented last May with the election of two independent directors and two common shareholder directors," MacMillan said. "The plan ensures that Cargill has the continued and balanced leadership necessary to compete in a global marketplace, and provides a meaningful, contributing role for a new generation of family members in setting direction for the company."
 The board restructuring plan creates three categories of board members: common shareholder, management and independent directors, he said.
 Bonsignore and Johnson were elected yesterday during the annual meeting of shareholders. Their election expands the board from 13 to 15 members. An additional independent director will be elected by January 1993, MacMillan said.
 Last May, Winston R. Wallin, chairman of Medtronic, Inc., Fridley, Minn., and Michael W. Wright, chairman, president and chief executive officer of SuperValu, Inc., Eden Prairie, Minn., became the first outside directors of the company in nearly 40 years when they were elected independent directors.
 At the same time, Marianne Cargill Liebmann, president of Liebmann Florist, Inc., Bozeman, Mont.; and Lucy MacMillan Stitzer, vice president and director of American Community Bank Group, Minnetonka, Minn., were elected common shareholder directors, representing the younger generation of that group.
 MacMillan said the restructuring plan for Cargill's board of directors is the result of more than two years of cooperative study by members of Cargill management and common shareholders. The plan was approved in September 1991 and directed that the board eventually be composed of three equal-sized director categories.
 Other members of the Cargill board are: MacMillan, James R. Cargill; Cargill MacMillan, Jr.; W. Duncan MacMillan; Heinz F. Hutter, president and chief operating officer of Cargill; William R. Pearce, vice chairman of Cargill; Robert L. Lumpkins, vice president and chief financial officer of Cargill; Gerald M. Mitchell, executive vice president; and James A. Howard, retired executive vice president of the company.
 -0- 8/12/92 R
 /CONTACT: Greg C. Lauser of Cargill, 612-475-6196/ CO: Cargill, Incorporated ST: Minnesota IN: SU: PER


KH -- MN003R -- 6385 08/12/92 16:55 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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