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Nutrien Ltd NTR

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Morningstar’s Analysis

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No Changes to Our Outlook as Nutrien CEO Abruptly Resigns; Shares Fairly Valued

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

On Jan. 4, Nutrien announced the resignation of Mayo Schmidt from his role as CEO and as a member of the board of directors. The company also announced Ken Seitz, CEO of the potash business, will be named interim CEO. Nutrien's board of directors will then conduct a search for a new permanent CEO. Seitz brings over 25 years of management experience, including being the former CEO of Canpotex, the potash marketing joint venture between Nutrien and Mosaic.

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Company Profile

Business Description

Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients--nitrogen, potash, and phosphate--although its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through both its physical stores and online platforms.

Contact
122 - 1st Avenue South, Suite 500
Saskatoon, SK, S7K 7G3, Canada
T +1 306 933-8500
Sector Basic Materials
Industry Agricultural Inputs
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 23,100

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