16 September 2013 13:52 [Source: ICIS news]
LONDON (ICIS)--US fertilizer giant CF Industries on Monday announced the imminent retirement of CEO Stephen Wilson after a decade in the top role and named W Anthony Will, senior vice president of manufacturing and distribution, as his successor.
The Illinois-based nitrogen and phosphate manufacturer and distributor said 64-year-old Wilson, who has worked for the company for 22 years, will leave his position on 1 January 2014, but will remain a director and serve as non-executive chairman.
His 48-year-old successor joined the firm in 2007 and, CF Industries noted: "led the company’s acquisition of its 50% interest in [Switzerland-based] Keytrade, played a major role on the core team that executed the Terra Industries acquisition in 2010 and led the successful integration of the five Terra manufacturing facilities with the legacy CF Industries operations".
Commenting on the changes, Wilson said: “This transition is the culmination of a rigorous succession planning process undertaken by the board of directors over a number of years. 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.
“Tony has been a key player in the evolution of the company since we recruited him following his experiences at several consulting and corporate organisations. I am confident in Tony’s ability to continue to execute our focused strategy of creating value through our nitrogen fertilizer platform,” he added.
CF Industries through its subsidiaries operates nitrogen fertilizer manufacturing complexes in the central US and Canada; conducts phosphate mining and manufacturing operations in central Florida; and distributes plant nutrients through a system of terminals, warehouses, and associated transportation equipment located primarily in the US Midwest.
The company also owns 50% interests in GrowHow UK Ltd, an ammonia facility in Trinidad and Tobago, and Zurich-based fertilizer trading organization Keytrade.
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