Seitz takes the helm while Nutrien Ltd. is benefiting from the tailwind of some of the most favourable market conditions in years. Read more
. By 2025, the company said it would ratchet up potash production to 18 million tonnes.
“We have to be convinced that when we spend those dollars, there’s going to be a home for those products, a market for them,” Seitz said on the analyst call. At the time, potash producers were slashing potash production and Seitz replaced Susan Jones, who had been seen asto then-CEO Chuck Magro before she departed for personal reasons. Then, Magro was abruptly terminated in April 2021.
The departures came as BHP Group Ltd., the world’s largest mining company, moved closer to bringing Jansen, a multibillion-dollar potash mine east of Saskatoon ,into production later this decade. The Globe and Mail has reported that the exits were related to disagreements with the board about whether to pursue a partnership arrangement.
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