One of the largest agribusinesses in the country has announced new leadership.
Chuck Magro is set to become the next CEO of Corteva, the company's board announced Thursday. He'll take the place of Jim Collins as the leader of the seed, crop protection and digital solutions company; Collins plans to retire at the end of the year.
Magro most recently served as president and CEO of Nutrien but also was president and CEO of Agrium in 2014. He was also vice president of the International Fertilizer Association, a chair and board member of the Fertilizer Institute, and a board steward for the World Economic Forum’s Food Systems Initiative.
“Chuck has an extensive, proven track record driving profitable growth through innovation and execution in the agriculture industry,” Corteva Independent Chairman Greg Page said in a release. “During nearly a decade of strong leadership at Nutrien and its predecessor Agrium, Chuck led the creation and integration of the world’s largest crop inputs, services, and solutions company and established a culture with a clear commitment to operational excellence and advancing sustainable agriculture solutions.”
The board believes Magro is the “right leader” to carry the company forward and “create significant near- and long-term shareholder value,” Page added.
Magro’s appointment will begin on Nov. 1, according to the release.
“Corteva has established itself as the premier global agricultural technology company and I am excited to build on the momentum Jim Collins and this terrific team have generated,” Magro said in the release. “With an unparalleled tradition of innovation, exceptionally strong customer relationships, and sustainability at the core of its business, we have an incredible opportunity to accelerate Corteva’s growth and value creation.”
Corteva was created following the merger of DuPont and Dow Chemical and represents the agriculture division of the combined companies. The company became an independent entity in 2019.
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