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Nutrien gives Seitz top job

World leading fertilizer miner and distributor Nutrien has made Ken Seitz its permanent president and chief executive effective from today.
Nutrien gives Seitz top job Nutrien gives Seitz top job Nutrien gives Seitz top job Nutrien gives Seitz top job Nutrien gives Seitz top job

Nutrien confirms Seitz in top job

Seitz has served as interim chief executive since January this year and has overseen a surge in fertilizer demand and prices since Russia's invasion of Ukraine in February this year. 

"Nutrien's record performance and disciplined execution of strategy during some of the most turbulent times we have seen globally underscore the strength of Ken Seitz's leadership," said Russ Girling, chair of Nutrien's board of directors. 

Nutrien spent seven months searching for a new head after the unexpected departure of former chief executive Mayo Schmidt at the start of this year. 

"Seitz has done well guiding Nutrien through a quickly evolving landscape over the past eight months," said analysts at RBC Capital Markets. "We expect the appointment will be welcomed as providing stability to Nutrien's leadership team." 

Nutrien posted record EBITDA of US$7.6 billion in the first half of this year, 152% higher than the $3.02 billion in the same period a year earlier.

Shares in the New York-listed firm were 1.4% higher at $84.98, giving the firm a market capitalisation of $46.8 billion.