Was interim chief after Saskatoon company cycled through two top bosses in eight months
Nutrien had, in January, surprised investors by replacing its CEO or the second time in eight months.
It had then named Seitz, the head of its potash business, as interim top boss, replacing Mayo Schmidt.. Seitz joined Nutrien as executive vice president in charge of potash operations in 2019. He previously led Canpotex, a potash export company owned by Nutrien and Mosaic Co. Last week, the Saskatoon-based company reported net profit that increased 224 per cent to US$3.6 billion in the second quarter as the war in Ukraine continues to put pressure on global agriculture markets.
The fertilizer giant has revised its full-year earnings guidance for 2022 to between US$14 billion and US$15.5 billion, down from a previously forecast US$14.5 billion to US$16.5 billion, due to lower nitrogen pricing and higher natural gas costs.
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