PotashCorp Announces Selection of Jochen Tilk as Next President and CEO

   PotashCorp Announces Selection of Jochen Tilk as Next President and CEO  PR Newswire  SASKATOON, April 6, 2014  Tilk to assume CEO role in July 2014; Doyle to continue as Senior Advisor until June 2015, allowing for planned and seamless transition  Listed:TSX, NYSE Symbol: POT  SASKATOON, April 6,  2014 /PRNewswire/  - Potash  Corporation of  Saskatchewan  Inc. (PotashCorp) today announced  that the Board  of Directors has  appointed  Jochen Tilk as President and CEO, effective July 1, 2014.  After 27 years of dedicated service  - during which PotashCorp grew to  become  the world's  largest crop  nutrient company  - Bill  Doyle will  step down  as  President and CEO, but  remain employed with the  company as a Senior  Advisor  through June 2015.  "We're pleased  to announce  Jochen Tilk  as  the next  President and  CEO  of  PotashCorp. Jochen  is known  for  his focus  on operational  excellence  and  disciplined growth, and  the entire Board  agreed he was  the right person  to  lead the company forward," said Dallas Howe, Chairman of the Board. "The Board undertook a  rigorous,  three-year selection  process  for the  new  CEO  that  included the use of international executive search firms and a review of  both  internal and external candidates."  "Jochen's successful track record, his  reputation among peers and  commitment  to the industry made him the ideal  candidate to serve our customers and  lead  PotashCorp through our next phase of growth," said Bill Doyle.  Tilk comes to PotashCorp after a  30-year career in the mining industry,  most  recently serving as President and CEO of Inmet Mining. He was instrumental  in  helping grow that company's market capitalization by 5,000 percent and  highly  regarded by  industry  colleagues,  employees and  customers.  Throughout  his  career he  has earned  a reputation  for operational  excellence, and  in  his  previous role he developed  - through asset  optimization, organic growth  and  strategic acquisitions - a  portfolio of facilities that  was recognized as  a  leader in quality and cost. Along with these proven accomplishments, Tilk also made safety a top priority, fostering a "zero compromise" safety culture.  "The entire Board of Directors wishes to express its thanks to Bill Doyle  for  his long service  as President and  CEO, and his  input during the  succession  process," said Howe.  "Bill has been  an exceptional CEO  for PotashCorp  and,  under his leadership over the past  15 years, PotashCorp was transformed  into  the global leader it is today. We look forward to Bill's continued involvement and counsel as Senior Advisor to our new CEO and the Board."  "It's been  a real  privilege to  have  served PotashCorp  for 27  years.  The  company is in great shape and I  am more enthusiastic about the future than  I  have ever been,  especially with  the addition  of Jochen  Tilk," said  Doyle.  "PotashCorp has the best people, the best assets in the business and excellent long-term growth prospects. As the world's largest producer of crop nutrients, we will continue to play an important role in improving global food security."  "I'm honored to join the PotashCorp team  and look forward to getting to  know  our   employees,   community   members,   investors,   customers   and   other  stakeholders," said  Jochen Tilk,  CEO designate.  "PotashCorp has  grown  and  benefitted enormously under  Bill's leadership  and the  strategies that  have  created tremendous long-term  value. I  share his philosophy  for running  the  company and plan  to build on  this strong foundation.  I'm excited about  the  potential for PotashCorp and look forward to moving to Saskatoon to take up my new duties."  About PotashCorp  PotashCorp is the world's largest crop nutrient company and plays an  integral  role in  global food  production.  The company  produces the  three  essential  nutrients required to help farmers  grow healthier, more abundant crops.  With  global population rising  and diets improving  in developing countries,  these  nutrients offer a responsible and practical solution to meeting the  long-term  demand for food. PotashCorp  is the largest producer,  by capacity, of  potash  and among the  largest in  nitrogen and  phosphate. While  agriculture is  its  primary market, the company  also produces products  for animal nutrition  and  industrial uses. Common shares of Potash Corporation of Saskatchewan Inc.  are  listed on the Toronto Stock Exchange and the New York Stock Exchange.  This  release   contains   forward-looking   statements   or   forward-looking  information (forward-looking statements). These  statements can be  identified  by  expressions  of  belief,  expectation  or  intention,  as  well  as  those  statements that are not historical fact. These statements often contain  words  such as "should", "could", "expect", "may", "anticipate", "believe", "intend", "estimates", "plans" and  similar expressions. These  statements are based  on  certain factors and assumptions including with respect to: the funding of  the  redemption price for the Notes. While the company considers these factors  and  assumptions to be  reasonable based on  information currently available,  they  may prove to be incorrect. Forward-looking statements are subject to risks and uncertainties that are difficult to predict.  The results or events set  forth  in forward-looking statements  may differ  materially from  actual results  or  events. Several  factors  could  cause  actual results  or  events  to  differ  materially from those expressed in the forward-looking statements,  including,  but not  limited  to, the  following:  variations from  our  assumptions  with  respect to foreign  exchange rates,  expected growth,  results of  operations,  performance, business  prospects and  opportunities and  effective tax  rates;  risks and uncertainties  related to  operating and workforce  changes made  in  response to our  industry and  the markets  we serve;  changes in  competitive  pressures, including pricing pressures; risks and uncertainties related to our international operations and assets; fluctuations in supply and demand in  the  fertilizer,  sulfur,  transportation  and  petrochemical  markets;  costs  and  availability of  transportation and  distribution for  our raw  materials  and  products, including railcars and ocean freight; adverse or uncertain  economic  conditions and changes in credit and  financial markets; the results of  sales  contract  negotiations  within   major  markets;   unexpected  geological   or  environmental conditions,  including  water inflows;  economic  and  political  uncertainty around  the world;  risks associated  with natural  gas and  other  hedging activities; changes in capital markets; unexpected or adverse weather conditions; changes in  currency and  exchange rates;  imprecision in  reserve  estimates; adverse  developments  in  new and  pending  legal  proceedings  or  government investigations;  acquisitions we  may undertake;  increases in  the  price or reduced  availability of the  raw materials that  we use; strikes  or  other forms  of work  stoppage  or slowdowns;  timing  and impact  of  capital  expenditures;  rates  of  return  on,  and  the  risks  associated  with,  our  investments  and  capital  expenditures;  changes  in,  and  the  effects  of,  government policies and regulations; security risks related to our information technology systems; risks related to  reputational loss; and earnings and  the  decisions of taxing authorities  which could affect  our effective tax  rates.  Additional risks  and uncertainties  can be  found in  our Form  10-K for  the  fiscal year  ended  December  31, 2013  under  the  captions  "Forward-Looking  Statements" and "Item 1A - Risk Factors" and in our other filings with the  US  Securities and  Exchange Commission  and  the Canadian  provincial  securities  commissions. Forward-looking statements are given only as at the date of  this  release and  the company  disclaims any  obligation to  update or  revise  the  forward-looking statements, whether  as a  result of  new information,  future  events or otherwise, except as required by law.  SOURCE Potash Corporation of Saskatchewan Inc.  Contact:  Investors Denita Stann Vice President, Investor and Public Relations Phone: (306) 933-8521 Fax: (306) 933-8844 Email:ir@potashcorp.com  Media Bill Johnson Senior Director, Public Affairs Phone: (306) 933-8849 Fax: (306) 933-8844 Email:pr@potashcorp.com  Web Site:www.potashcorp.com  
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