Nutrien appoints Mayo Schmidt as President and CEO

Schmidt succeeds Chuck Magro, who is stepping down from his management and Board role at the company to pursue new opportunities. With Schmidt’s new role, Nutrien has also announced that Russ Girling, former President and CEO of TC Energy, has been named Chair of the Nutrien Board of Directors. Magro will be available to the corporation until 16 May 2021.

“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 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 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.”

Schmidt 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 CEO of Viterra Inc. He also held senior positions in other agricultural focussed companies such as ConAgra Grain, Canada and General Mills, Inc. Schmidt was also President and CEO of Hydro One Limited, Canada’s largest utility.

“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 Girling. “We wish Chuck all the best in his future endeavours.”

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 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 29 March 2021 will stand for election at the Annual Meeting of Shareholders scheduled for 17 May 2021.

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