Ecolab Inc. Appoints Chairmen and CEO of Cargill, Inc.

The announcement was made by the board of directors of the healthcare company of the appointment of the new director.

Ecolab, Inc. has recently appointed the Chairman and Chief Executive Officer of Cargill, Inc., David W. MacLennan. Cargill, Inc. is a worldwide producer, marketer and manufacturer of food, financial, agricultural services and products. The global leader is headquartered in Minneapolis whose chair and CEO will now serve as one of the board members of Ecolab. This announcement was made by the Board of Directors of the health care company.

The new director added to the Board of Directors of the healthcare company is 56 years old and has quite a few years of experience in the industry. According to the Chairman and CEO of the leading health services provider, Douglas M. Baker Jr the new hire brings a lot of experience from all aspects of the industry including financial, operational along with global to the healthcare company. He added that they will look forward to the contribution of Mr. Dave as they continue to grow the business worldwide.

Mr. David has been the CEO of Cargill since 2013 and became the Chairman of the global leader in producing and manufacturing various products in September 2015. From the 2011, he has served in the leading company as the chief operating offer as well as the president. Even before all these top management positions, he held various high level seats in the company, serving as the chief financial officer. Initially he was the President of Cargill Energy along with being the managing director of a Value Investment Group. Along with holding various positions in Cargill, the experienced director has been a part of Piper Jaffray, Goldberg Securities and US Bancorp.

In other news, a quarterly dividend by Ecolab, Inc. was announced on December 3, 2015. During the trading that took place on Thursday, Ecolab stock was being traded at $118.22 which showed a decline in the stock of 0.35%. During the courses of the trade, the volume of shares that were being traded was 890,139 shares. The current market capitalization of the health care company is $34.91 billion. The earnings per share reported were 2.63 with a price to earnings ratio of 44.79.

The one year high of the health services company is $122.48 while the one year low of the company is $97.78. Currently the dividend that’s being offered is at $0.35 with a dividend yield of 1.19. Institutional Investors own over 89% of Ecolab’s shares. For the quarter, the revenue that was reported by the health services company was $3.45 billion while the analysts had predicted it to be $3.55 billion. There was a difference of 0.10 billion in the actual and predicted revenue.