NTR Stock: 10 Things to Know About Nutrien Following CEO Mayo Schmidt’s Abrupt Exit

Nutrien (NYSE:NTR) stock is slipping on Tuesday following news of the crop inputs and services company’s CEO leaving abruptly.

A photo of Nutrien's (NTR stock) website, with a magnifying glass over the logo.

Source: Pavel Kapysh/ShutterStock.com

Let’s dive into that news below!

  • Mayo Schmidt is no longer the president, CEO, or a Board member of Nutrien.
  • The reason for his departure isn’t revealed by the company during its press release.
  • It also doesn’t contain a statement from Schmidt.
  • However, a statement from the fertalizer company says it can’t speak on the matter or legal reasons.
  • What it does reveal is Ken Seitz taking over as an interim CEO.
  • He’s the executive vice president and CEO of potash.
  • He took charge of this division back in 2019.
  • Seitz will stick around with Nutrien while it searches for a new CEO to replace Schmidt.
  • It’s also worth highlighting that Schmidt didn’t serve as the CEO of Nutrien for long.
  • He was in that role for less than a year before his recent depature.

Russ Girling, Nutrien’s chairman, said the following in the news release.

“Nutrien has delivered exceptional results in 2021 and is well positioned to continue this strong momentum into 2022. Nutrien has a talented and deep executive team, and we are confident that Ken Seitz and this team will continue to build on the organization’s record financial and operating performance.”

The sudden departure of Schmidt brings heavy trading to NTR stock today. As a result, some 2 million shares are changing hands as of this writing. That’s already above the company’s daily average trading volume of 1.9 million shares.

NTR stock is down 3.8% as of Tuesday morning.

Investors looking for more stock stories are in the right place!

InvestorPlace has all the latest stock overage traders need to know about for Tuesday. That includes the deal boosting Flora Growth Corp. (NASDAQ:FLGC) stock, this morning’s top pre-market stock movers, as well as price predictions for Apple (NASDAQ:AAPL). You can find all of that at the following links!

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/01/ntr-stock-10-things-to-know-about-nutrien-following-ceo-mayo-schmidts-abrupt-exit/.

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