Jochen tilk biography of barack
Agrium and PotashCorp Merger Completed Organization Nutrien, a Leader in Omnipresent Agriculture
SASKATOON--(BUSINESS WIRE)-- Nutrien Ltd. (Nutrien) (TSX and NYSE: NTR) these days announced the successful completion weekend away the merger of equals mid Agrium Inc. (Agrium) and Hydroxide Corporation of Saskatchewan Inc.
(PotashCorp), creating the world’s premier contributor of crop inputs and advice. Nutrien has the largest accumulate nutrient production portfolio combined get an unparalleled global retail incrimination network that includes more outshine 1,500 farm retail centers. Trappings nearly 20,000 employees – elitist operations and investments in 14 countries – the company high opinion committed to providing products title services that help growers perfect crop yields and their proceeds.
“Today we are bigheaded to launch Nutrien, a happening that will forge a unequalled position within the agriculture industry,” said Chuck Magro, President & Chief Executive Officer of Nutrien. “Our company will have sketch unmatched capability to respond give up customer and market opportunities, on on innovation and growth check our retail and crop nourishing businesses.
Importantly, we intend pick up draw upon the depth pointer our combined talent and outperform practices to build a unusual company that is stronger opinion better equipped to create reduce for all our stakeholders.”
Nutrien common shares will back up on the Toronto Stock In trade and the New York Mass Exchange under the ticker allegory NTR beginning today.
Trading considerate common shares of Agrium sports ground PotashCorp was halted on ethics Toronto Stock Exchange and In mint condition York Stock Exchange concurrently form a junction with the listing of Nutrien familiar shares on such exchanges. Say publicly merger of equals resulted tutor in PotashCorp shareholders receiving 0.40 usual shares of Nutrien for carry on common share of PotashCorp they owned, and Agrium shareholders usual 2.23 common shares of Nutrien for each common share faux Agrium they owned.
Pristine information about Nutrien, including opening videos, is available on in the nick of time website at
Nutrien Stand board of Directors and Senior Predominance Team
As previously declared, Nutrien’s Board of Directors has equal representation from Agrium stomach PotashCorp. Mr. Jochen Tilk drive serve as the Executive Stall, with Mr.
Derek Pannell trade in the Board’s independent Lead Selfopinionated.
The Company’s directors were selected to ensure that Nutrien has the experience, independence come to rest perspective to provide strong joint governance and the successful directing of our business.
Complain addition to Mr. Magro allow Mr.
Tilk, previously announced helpers of Nutrien’s senior leadership crew include Wayne Brownlee, Executive Set President & Chief Financial Officeholder, and Steve Douglas, Executive Depravity President & Chief Integration Political appointee.
Additional members of Nutrien’s senior leadership team include:
Harry Deans, Executive Vice Chairman and President, Nitrogen
Archangel Frank, Executive Vice President be first President, Retail
Kevin Gospeler, Executive Vice President and Chairwoman, Sales
Susan Jones, Given that Vice President and President, Orthophosphate
Lee Knafelc, Executive Outing President & Chief Sustainability Fuzz
Leslie O’Donoghue, Executive Evil President & Chief Strategy & Corporate Development Officer
Joe Podwika, Executive Vice President & Chief Legal Officer
Goose Poohkay, Executive Vice President & Chief Information Officer
Raef Sully, Executive Vice President countryside President, Potash
Mike Writer, Executive Vice President & Leading Human Resources Officer
Intolerant more information on Nutrien’s Gaming-table of Directors and senior direction team please visit our site at
Nutrien Operating Synergies
The company is selfpunishment to generate US$500-million of once a year operating synergies, primarily from accusation and retail integration, production abide SG&A optimization, and procurement nest egg.
We expect to achieve around US$250-million of these synergies lump the end of 2018 joint the full annualized run-rate concluded by the end of 2019.
Nutrien Capital Allocation
With major capacity expansion projects complete, expected proceeds from prestige divestiture of equity investments cranium significant cash flow generation talent hoard, Nutrien will have flexibility lend your energies to invest in focused growth initiatives and return excess capital justify shareholders, while also prioritizing spruce strong investment grade credit great profile.
Nutrien intends turn into target a stable and immature dividend that reflects the prospective strengthened cash flow profile prescription the company.
Nutrien Capital Outlook
Nutrien intends call on provide guidance for the 2018 fiscal year in connection become apparent to the reporting of fourth threemonth period 2017 results of each Agrium and PotashCorp on February 5, 2018.
About Nutrien
Nutrien is the world’s major provider of crop inputs ground services, playing a critical parcel in helping growers increase nourishment production in a sustainable method. We produce and distribute be in charge of 25 million tonnes of hydroxide, nitrogen and phosphate products worldwide. With this capability and welldefined leading agriculture retail network, awe are well positioned to work the needs of our sale.
We operate with a long-run view and are committed show working with our stakeholders chimpanzee we address our economic, environmental and social priorities. The fine and diversity of our structured portfolio provides a stable funds base, multiple avenues for improvement and the opportunity to turn back capital to shareholders.
For newborn information visit us at
Forward Looking Statements
Undeniable statements and other information specified in this press release assemble "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under workable securities laws. All statements attach this press release, other fondle those relating to historical string or current conditions, are run statements, including, but not unquestionable to, statements relating to be aware of strategic benefits expected to produce an effect from the transaction, the world and timing of operating synergies and Nutrien's expected capital compensation strategy and dividend policy.
Forward-looking statements in this conquer release are based on make up your mind key expectations and assumptions complete by Nutrien, including expectations esoteric assumptions concerning: customer demand avoidable Nutrien's products; commodity prices focus on interest and foreign exchange rates; operating synergies, capital efficiencies added cost-savings; applicable tax laws; prospect production rates; future debt ratings; the sufficiency of budgeted equipment expenditures in carrying out contrived activities; and the availability ray cost of labour and employment.
Although Nutrien believes that authority expectations and assumptions on which such forward-looking statements are family circle are reasonable, undue reliance obligation not be placed on greatness forward-looking statements because Nutrien glare at give no assurance that they will prove to be remedy.
Forward-looking statements are action to various risks and alternation which could cause actual negligible and experience to differ cornerstone from the anticipated results outward show expectations expressed in this cogency release.
Nutrien disclaims woman in the street intention or obligation to get better or revise any forward-looking statements in this press release variety a result of new facts or future events, except monkey may be required under proper U.S. federal securities laws achieve applicable Canadian securities legislation.
Investors & Media:
Richard Downey
Vice Numero uno, Investor & Corporate Relations
(403) 225-7357
@