When Pedro Farah takes over as chief financial officer of the world’s largest fertilizer company early next year, he will start looking for a home in Calgary rather than Saskatoon. That will leave Nutrien Ltd. with a single senior executive who lives and works in Potash Corp. of Saskatchewan’s former home: Newly installed president of potash Susan Jones.
Four of the remaining executives who report directly to Nutrien CEO Chuck Magro — plus Magro himself — live in Calgary; two reside in Loveland, Colo., and one calls Northbrook, Ill., home. That has the provincial government worried.
Premier Scott Moe’s communications director, Jim Billington, wrote in an email that Moe shares his predecessor’s concerns about the “business locations” of the company’s senior executives.
“The premier has reached out to Nutrien’s executive to schedule a meeting in the coming weeks to discuss these concerns, and to ensure Nutrien remains focused on their Saskatchewan operations,” Billington wrote. Nutrien insists that its presence in the Saskatchewan “remains strong and continues to grow.”
“The location of each of our executives is determined based on business need, which is no different than other companies operating in the province with operations around the world,” spokesman Will Tigley wrote in an email. Corporate filings show the company’s registered head office is in Saskatoon, but a management expert at the University of Saskatchewan’s Edwards School of Business said that does not necessarily mean much.
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