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Nutrien CEO’s Departure in January Was ‘Necessary,’ Fertilizer Firm Says

Mayo Schmidt

Mayo Schmidt

Photographer: Cole Burston/Bloomberg

The world’s biggest fertilizer company just dropped a hint about the reasoning for its surprise CEO departure and leadership changes earlier in the year as a “necessary” step.

Nutrien Ltd. said in its annual report that it “made the difficult decision to part ways” with former Chief Executive Officer Mayo Schmidt in January.