Skip to content
Subscriber Only

No ‘Stale, Frail’ CEO for New $26 Billion Fertilizer Giant

  • The 46-year-old is one of Canada’s youngest chief executives
  • Agrium said to have held talks with Mosaic before Potash deal
Updated on

The merger of Potash Corp. of Saskatchewan Inc. and Agrium Inc. will create one of Canada’s largest corporations and a company run by one of the country’s youngest chief executive officers.

Chuck Magro, 46, who has been Agrium’s CEO since 2014, was instrumental in leading the $12.5 billion transaction announced Monday. The zero-premium deal, described by both sides as a merger of equals, will create a fertilizer company with investments spanning 18 countries. It’s the biggest Canadian corporate deal this year after Enbridge Inc.’s $30 billion plan to buy Spectra Energy Corp., which was disclosed last week.