Cargill EBA |
Cargill "Accelerator" partnership formed
Wayzata, MN – June 6, 2006
Andcor Companies Inc., the executive search firm for emerging growth companies, is pleased to announce the signing of a partnership agreement with Cargill's Emerging Business Accelerator (EBA) to help build its executive management teams.
In 2004, Cargill top management formed the Cargill EBA as a part of its overall strategic intent to transform itself from a commodities trader into a customer-solutions company. Cargill's EBA is an "intrapreneurial" investment fund that works with strict adherence to time-to-market and capital efficiency where ideas that work are advanced to commercialization and ideas that don't meet swift death.
"The goal is to create independent business units within Cargill that can immediately contribute to the bottom line, said David Patchen, EBA's managing director." The EBA model is to have an internal pipeline of 15-20 projects at any given time that compete for resources and funding at a rate of 6-8 per year.
Consistent with the EBA's speed-to-market mantra, Andcor has already completed executive search projects for two separate business concepts in the pulp & paper additives and agrifood process automation markets.
About Cargill EBA
Cargill EBA's mandate is to help accelerate Cargill's growth by building a global portfolio of new business opportunities with the potential to generate revenue within three years and to become new Cargill Business Units. Ultimately, the goal is for these businesses to graduate into the broader world of Cargill. Cargill EBA is based in Minnetonka, Minnesota. It is a business unit of Cargill, www.cargill.com, an international provider of food, agricultural and risk management products and services. With 142,000 employees in 61 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. Additional information about Cargill is available at www.cargill.com.
About Andcor
Andcor Companies, Inc. is a leading provider of professional and executive level search services for emerging growth companies. As a leading resource for the assembly of entrepreneurial management teams, Andcor has developed an unparalleled relationship-driven network within the emerging growth community and leverages this unique and valuable resource to help its clients transform vision into reality.
Founded in 1969, Andcor has vast experience with pre-revenue through high growth small-cap clients in a broad array of industries and has established itself as a pioneer in the recruiting industry through its equity-for-services and staged payment fee structures, refundable retainer agreements, and use of combined networks. Additional information can be found at www.andcor.com.