IARN — Corteva has a new CEO.
The company’s board announced Thursday that Chuck Magro will succeed Jim Collins as Chief Executive Officer, effective November 1st. He will also join Corteva’s Board of Directors. Collins plans to work with Magro throughout the transition process and will retire from Corteva at year-end.
Magro most recently served as Chief Executive Officer of Nutrien and brings to Corteva extensive experience leading global agriculture companies to support value creation for all stakeholders.
Greg Page, Independent Chairman of Corteva, said, “Chuck has an extensive, proven track record driving profitable growth through innovation and execution in the agriculture industry. During nearly a decade of strong leadership at Nutrien and its predecessor Agrium, Chuck led the creation and integration of the world’s largest crop inputs, services, and solutions company and established a culture with a clear commitment to operational excellence and advancing sustainable agriculture solutions. Our Board is confident that he is the right leader to carry our strong momentum forward and create significant near- and long-term shareholder value.”
Prior to his stint with Nutrien, Magro had a four-year run as President and CEO of Agrium, which merged with PotashCorp to create Nutrien. Before his appointment as Chief Executive Officer of Agrium in 2014, Mr. Magro held a variety of other key leadership roles, including Chief Operating Officer, Chief Risk Officer, Executive Vice President of Corporate Development, and Vice President of Manufacturing. He joined Agrium in 2009 following a productive career with NOVA Chemicals.
Magro serves an active role on the Canada Pension Plan Investment Board. He was also vice chairman of the International Fertilizer Association and past chair and board member of The Fertilizer Institute, and served as a Board Steward for the World Economic Forum’s Food Systems Initiative, providing strategic leadership to build inclusive, sustainable, efficient, and healthy global food systems.
Magro holds a Bachelor of Applied Science (Chemical Engineering) from the University of Waterloo and a Master of Business Administration from the University of Windsor.
Story courtesy of the Iowa Agribusiness Radio Network.
Photo courtesy of Corteva Agriscience