Corteva’s New CEO: Chuck Magro
Earlier in 2021, Jim Collins announced he was going to retire from Corteva at the end of the year, and today, the company announced his successor. Chuck Magro (most recently CEO at Nutrien) will be Corteva’s CEO effective Nov. 1, 2021.
The company says Collins will work with Magro to assure a smooth transition.
What Chuck Magro Brings to Corteva
In Corteva’s announcement, 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.”
How Corteva's Growth Will Continue
Magro included in his comments: “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.”
Corteva's Firm Foundation After the Merger of Dow and DuPont
When he announced his upcoming retirement in June, Collins said: “It has been the privilege of a lifetime to work with such an outstanding team. We have established the foundation for an exceptional company, built for sustainable growth as it serves its vital purpose. I am so proud of what we have accomplished together. The work of successfully creating Corteva following the merger of Dow and DuPont, standing it up as an independent company, and leading it through arguably some of the most volatile periods in the history of agriculture has been both an honor and a great responsibility. After conversations with our Board, we agreed that with the company on solid ground, this is the opportune time to make a leadership change.”
