Chuck Magro is stepping down as chief executive officer of Nutrien Ltd. and will be replaced by Mayo Schmidt, who is currently chairman of the Saskatoon-based fertilizer giant, the company said on Sunday.
As part of the executive shuffle, Russ Girling, Nutrien director and the former CEO of TC Energy Corp., will become board chairman. There is no indication of any controversy or pressure behind the executive changes. Nutrien said Mr. Magro, who has been its only CEO, is leaving to pursue other opportunities. It did not offer details.
Mr. Magro had been president and CEO of Calgary-based Agrium Inc. when it merged with Potash Corp. of Saskatchewan in 2018 to cement its place as the world’s largest producer of fertilizer. He will help with the leadership transition until May 16, the company said.
“I am very proud of the strong foundation we have built at Nutrien over the last several years,” Mr. Magro said in a statement. “I am grateful for the dedication of our employees, and the important partnerships we have forged with our customers and stakeholders.”
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