Nutrien Announces Appointment of Mayo Schmidt as President and CEO
April 18 2021 - 9:22PM
Business Wire
Nutrien Ltd. (TSX and NYSE: NTR Nutrien Ltd.), the world's
largest provider of crop inputs and services, announced today that
its Board of Directors has appointed Mayo Schmidt as President and
Chief Executive Officer, effective immediately. Mr. Schmidt
succeeds Chuck Magro, who is stepping down from his management and
Board role at the company to pursue new opportunities. With Mr.
Schmidt’s new role, Nutrien is also proud to announce that Russ
Girling, former President and CEO of TC Energy, has been named
Chair of the Nutrien Board of Directors. Mr. Magro will be
available to the corporation until May 16, 2021 to facilitate a
smooth transition.
“Mayo is a remarkable leader who is committed to our values of
safety and integrity, our purpose and our strategy focussed on
sustainably feeding the world,” said Mr. Girling. “Under his
leadership, along with our deep and experienced executive
leadership team and our 27,000 dedicated employees, the board is
confident the company is well positioned to continue to grow and
create enduring shareholder value.”
“The outlook for our business is exceptionally strong,” said Mr.
Schmidt. “I look forward to leading the continued execution of
Nutrien’s strategy and driving industry-leading performance across
all our lines of business. Over the coming weeks, I will be
connecting with our employees, valued customers and shareholders to
continue building our positive momentum and our focus on advancing
sustainable solutions to feed a growing planet.”
Mr. Schmidt brings over 30 years of agricultural business
experience to his leadership of Nutrien. He joined the Agrium board
of directors in 2012 and has served as Chair of Nutrien’s Board of
Directors since May 2019. He previously served as President and
Chief Executive Officer of Viterra Inc., a Canadian globally
diversified agri-business company that delivered agricultural and
food ingredient products to customers in over 50 countries. He also
held senior positions in other agricultural focussed companies such
as ConAgra Grain, Canada and General Mills, Inc. Mr. Schmidt was
also President and Chief Executive Officer of Hydro One Limited,
Canada’s largest utility. He serves as a member of Washburn
University’s Board of Trustees and Harvard’s Kennedy School’s
Private and Public, Scientific, Academic and Consumer Food Policy
Group and as a mentor for Catalyst Women on Board. Mr. Schmidt’s
passion for agriculture started as a young boy, working on their
fourth-generation family wheat and dairy farm in western
Kansas.
“On behalf of the Board of Directors and everyone at Nutrien, I
would like to thank Chuck for his contribution to our growth and
success since he joined the company in 2009,” said Mr. Girling. “We
wish Chuck all the best in his future endeavours.”
Mr. Magro said, “I am very proud of the strong foundation we
have built at Nutrien over the last several years. I am grateful
for the dedication of our employees, and the important partnerships
we have forged with our customers and stakeholders. I have enjoyed
every moment of my time at Nutrien, and I wish the company and its
people continued success. I look forward to working with Mayo over
the coming weeks to support a seamless transition and to my next
adventure.”
With Mr Magro’s resignation from the Board, the Board has
determined to reduce the number of directors from 12 to 11. The 11
other directors identified in Nutrien’s management proxy circular
dated March 29, 2021 will stand for election at the Annual Meeting
of Shareholders scheduled for May 17, 2021.
About Nutrien
Nutrien is the world's largest provider of crop inputs and
services, playing a critical role in helping growers increase food
production in a sustainable manner. We produce and distribute 27
million tonnes of potash, nitrogen and phosphate products
world-wide. With this capability and our leading agriculture retail
network, we are well positioned to supply the needs of our
customers. We operate with a long-term view and are committed to
working with our stakeholders as we address our economic,
environmental and social priorities. The scale and diversity of our
integrated portfolio provides a stable earnings base, multiple
avenues for growth and the opportunity to return capital to
shareholders.
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Media Relations Megan Fielding Vice President, Brand
& Culture Communications (403) 797-3015
Megan.fielding@nutrien.com
Investor Relations Richard Downey Vice President,
Investor Relations (403) 225-7357 Investors@nutrien.com
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