(Bloomberg) — Nutrien Ltd. Chief Executive Officer Mayo Schmidt has abruptly left the company and resigned from its board after less than a year in the top job at the world’s largest fertilizer maker.
Ken Seitz, executive vice president and CEO overseeing potash, has been named interim CEO, the Saskatoon, Saskatchewan-based company said Tuesday in a statement. Seitz joined Nutrien in 2019 and has more than 25 years of global management experience, the company said.
The company didn’t immediately reply to requests for comment.
Nutrien is launching a global search for a long-term CEO. The company didn’t disclose reasons for Schmidt’s departure. Schmidt was named CEO in April, replacing Chuck Magro as he stepped down to pursue other opportunities.
The company’s U.S. shares slipped 1.1% in pre-market trading.
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