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Nutrien Ltd T.NTR

Alternate Symbol(s):  NTR

Chemicals Basic Materials
Nutrien Ltd. is a Canada-based provider of crop inputs and services. The Company operates a network of production, distribution and ag retail facilities to serve the needs of growers. The Company operates through four segments: Nutrien Ag Solutions (Retail), Potash, Nitrogen and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed and merchandise. Its Retail provides services directly to growers through a network of farm centers in North America, South America and Australia. Its retail operations serve growers in seven countries across three continents. The Potash, Nitrogen and Phosphate segments are differentiated by the chemical nutrients contained in the products that each produces. The Company produces and distributes about 26 million tons of potash, nitrogen, and phosphate products for global agricultural, industrial, and feed customers. The Company’s agriculture retail network services over 500,000 grower accounts worldwide.


TSX:NTR - Post by User

Nutrien Ltd
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Post by retiredcfon Aug 08, 2022 12:52pm
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Post# 34879140

RBC

RBC

August 8, 2022

Nutrien Ltd.
Announces Ken Seitz as permanent President and CEO

NYSE: NTR | USD 83.80 | Outperform | Price Target USD 135.00

Sentiment: Neutral

Our view: We believe the appointment of Mr. Seitz will be well-received by investors who have provided positive feedback on his performance as interim CEO since January. We think Mr. Seitz has done well guiding Nutrien through a quickly evolving landscape over the past 8-months and we are not surprised at his appointment by the Board. We also expect the appointment will be welcomed as providing stability to Nutrien's leadership team after the unexpected changes in 2021 and early-2022.

Summary: Nutrien announced today the Board has appointed Ken Seitz as President and CEO. Mr. Seitz has served as interim CEO since January 2022. This follows the surprising CEO exits by May Schmidt in January and Chuck Magro in April 2021.

Mr. Seitz joined Nutrien in 2019 and was previously Executive Vice President and CEO of Nutrien's Potash business. Prior to joining Nutrien, Mr. Seitz was President and CEO of Canpotex since 2015 and previously worked in various senior management roles at Cameco.


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