Agriculture Giant Cargill Reviews Business Amid Trade Spat
- Senior executives Stonacek and Erickson departed, people say
- Company cites operating headwinds and slowdown in earnings
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Agribusiness giant Cargill Inc. is looking to shake up its business as President Donald Trump’s yearlong trade war with China makes it harder to navigate unpredictable crop markets.
The U.S.’s largest closely held company is reviewing its plans given operational headwinds and a slowdown in earnings, it said in emailed responses to Bloomberg questions on Thursday. The Minneapolis-based firm is focused on cutting costs and two senior executives have already departed, according to people familiar with the matter.