Corteva, Inc.’s (“Corteva”) (NYSE: CTVA) Board of Directors today announced that it has appointed Chuck Magro as the company’s new Chief Executive Officer, effective November 1, 2021. He will also join Corteva’s Board of Directors. Mr. Magro most recently served as Chief Executive Officer of Nutrien and brings to Corteva extensive experience leading global agriculture companies to support value creation for all stakeholders. He succeeds James C. Collins, Jr., who will work with Mr. Magro to assure a smooth transition and will retire from Corteva at year-end.
Greg Page, Independent Chairman of Corteva, said, “Chuck has an extensive, proven track record driving profitable growth through innovation and execution in the agriculture industry. 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. Our Board is confident that he is the right leader to carry our strong momentum forward and create significant near- and long-term shareholder value.”
“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,” said Mr. Magro. “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 is ideally equipped to advance the transformation of agriculture, helping farmers become more productive and sustainable and enabling us to feed a growing population while finding new ways to protect the planet. I can’t wait to get started.”
Mr. Page added, “On behalf of Corteva and our entire Board, I would like to thank Jim Collins for his indelible contributions while leading Corteva’s formation and first two years as an independent company. As a result of Jim’s efforts and clear vision, Corteva has the culture, capabilities, and strategy in place to capitalize on its unique value creation opportunity moving forward. We are especially grateful that he will work with Chuck to help assure a smooth transition.”
By Corteva, Press Release
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.