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TWO FAMILY MEMBERS, TWO INDEPENDENT DIRECTORS ELECTED TO CARGILL BOARD

TWO FAMILY MEMBERS, TWO INDEPENDENT DIRECTORS ELECTED TO CARGILL BOARD
 MINNETONKA, Minn., May 12 /PRNewswire/ -- Chairman Whitney MacMillan today announced the election of four new members to Cargill's board of directors, including the first outside directors in nearly 40 years.
 "These are the first steps in implementing a new board structure approved
by shareholders last fall," MacMillan said. The restructuring plan creates three categories of board members: common shareholder, management and independent directors, he said.
 Elected to the board as independent directors were: Winston R. Wallin, chairman of Medtronic Inc., Fridley, Minn.; and Michael W. Wright, chairman, president and chief executive officer of Super Valu Stores, Inc., Eden Prairie, Minn.
 Elected to the board as common shareholder directors, and representing the younger generation of that group, were Marianne Cargill Liebmann and Lucy MacMillan Stitzer.
 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 approved by shareholders in September 1991 directed that the board eventually be composed of three equal-sized director categories.
 A special shareholders' meeting was held today for the purpose of electing the new directors, which expanded the board from nine to 13 members. Additional directors will be elected during the rest of the year, bringing total membership of the board to 15 by January 1993, MacMillan said.
 "The board-restructuring plan ensures that Cargill has the continued and balanced leadership necessary to compete in a global marketplace," MacMillan said. "These changes also will provide a meaningful, contributing role for a new generation of family members in setting direction for the company."
 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 and James A. Howard, executive vice presidents of the company.
 -0- 5/12/92
 /CONTACT: Garland West of Cargill, 612-475-6191/ CO: Cargill, Incorporated ST: Minnesota IN: SU: PER


AL -- MN007 -- 9061 05/12/92 11:03 EDT
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Publication:PR Newswire
Date:May 12, 1992
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