On Wednesday, Cargill Inc announced it is reorganizing its animal nutrition business in response to growing concerns about animal health and wellness.
Cargill’s animal nutrition and health group will now consist of three units: Cargill Animal Nutrition, combining its existing feed, nutrition and pre-mix businesses; Cargill Aqua Nutrition; and the new Cargill Health Technologies.
“The animal protein market is evolving, and consumer focus on animal health and well-being is becoming increasingly important,” David Webster, head of Cargill Animal Nutrition and Health, said in a statement. “It’s a key area for growth, and we intend to better serve customers in this rapidly evolving market.”
Chuck Warta, currently president of Cargill’s animal nutrition and pre-mix business, will head up the new Cargill Health Technologies unit. According to the Star Tribune, the new unit will focus on digestive health and immunology for farm animals.
Adriano Marcon, president and group leader for Cargill’s aquaculture business globally, will lead Cargill Animal Nutrition. Pilar Cruz, president of its compound feed business, will head up Cargill Aqua Nutrition.
Cargill Inc reported a 41% drop in adjusted quarterly profit for its fourth quarter in July, citing supply disruptions stemming from the U.S.-China trade war and flooding in the central U.S. that hit marketing and transportation of grains and livestock, Reuters reports.
The company said the reorganization will not change how it reports its fiscal 2020 first quarter earnings on Thursday.