CF Industries Holdings Inc., the fertilizer producer that’s been criticized by activist hedge fund Third Point LLC over its dividend payments, said W. Anthony Will will succeed Chief Executive Officer Stephen Wilson as of Jan. 1.
Will, 48, currently CF’s senior vice president of manufacturing and distribution, has been with North America’s largest maker of nitrogen-based fertilizer since 2007, Deerfield, Illinois-based CF said today in a statement. Wilson will continue in his role as chairman, the company said.
“The board has focused on developing strong management talent and we are confident that Tony Will has the right experience and capabilities to lead CF Industries,” Wilson, 64, said in the statement.
Will first served as a vice president of corporate development and played “a major role” in the acquisition of Terra Industries Inc. in 2010, CF said in the statement.
CF rose 3.5 percent to $200.68 at the close in New York. The shares have declined 1.2 percent this year.