Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Nutrien Announces Board Leadership Succession

Share:

Nutrien Ltd. (Nutrien) today announced its Board of Directors leadership
succession in connection with its upcoming annual meeting of
shareholders to be held on May 9, 2019. Nutrien's Board leadership
succession plan includes a reduction in Board size to 12 directors and
the nomination of an independent Board Chair, as disclosed in mid-2018,
and was undertaken during the second half of 2018 through the first
quarter of 2019 by a subcommittee of independent directors.

Mayo Schmidt will succeed Derek Pannell as Nutrien's independent Board
Chair following the annual meeting. Mr. Schmidt has enjoyed a
distinguished 32-year career with significant leadership roles in the
agri-business industry including in Saskatchewan and globally. His
history, expertise and experiences have prepared him well for this new
role along with his six years as a director of Nutrien and its
predecessors. Incumbent directors Derek Pannell, Jerry Grandey and Anne
McLellan will be retiring from the Board in connection with the annual
meeting.

"Derek, Jerry, and Anne have been valuable members of the Board of
Directors and we want to express our sincere thanks for their
significant contributions to our success," said Chuck Magro, Nutrien's
President & CEO. "The Board of Directors and the management team are
excited to work with Mayo as Board Chair. His experience, leadership and
proven track record will be important as Nutrien advances its vision and
strategic plans."

Mr. Schmidt stated, "It has been a pleasure serving with Derek and Anne
for the past six years and with Jerry since the start of Nutrien. They
are departing Nutrien having helped to make it the world's largest
provider of crop inputs and with an enviable balance sheet. It is a
great privilege and honour for me to be named Chair of Nutrien with an
opportunity to lead the Board as our business continues to grow and
create value for shareholders."

Nutrien's annual meeting of shareholders will be held on Thursday, May
9, 2019 at the Remai Modern Art Gallery, Saskatoon, Saskatchewan at 4:00
p.m. (Saskatoon time). Meeting materials, including Nutrien's proxy
circular, are now available online at www.nutrien.com
or under Nutrien's profile on SEDAR at www.sedar.com
and EDGAR at www.sec.gov.

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.

Forward-Looking Statements

Certain statements and other information included in this press
release constitute "forward-looking information" or "forward-looking
statements" (collectively, "forward-looking statements") under
applicable securities laws (such statements are usually accompanied by
words such as "anticipate", "expect", "believe", "may", "will",
"should", "estimate", "intend" or other similar words). All statements
in this press release, other than those relating to historical
information or current conditions, are forward-looking statements,
including, but not limited to the date of the annual meeting, the
nominees for election of directors, the identity of the Board Chair,
Nutrien's strategic plans and the creation of value for shareholders.

Forward‐looking statements in this press release are based on certain
key expectations and assumptions made by Nutrien. Although Nutrien
believes that the expectations and assumptions on which such
forward‐looking statements are based are reasonable, undue reliance
should not be placed on the forward‐looking statements because Nutrien
can give no assurance that they will prove to be correct.

Nutrien disclaims any intention or obligation to update or revise any
forward-looking statements in this press release as a result of new
information or future events, except as may be required under applicable
U.S. federal securities laws or applicable Canadian securities
legislation or applicable U.S. federal securities laws.

View Comments and Join the Discussion!