Agrium Announces New Management Structure.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Oct. 11, 2002 The Board of Directors of Agrium Inc. (NYSE NYSE See: New York Stock Exchange :AGU AGU Aoyama Gakuin University, Tokyo, Japan AGU American Geophysical Union AGU Arabian Gulf University (Bahrain) AGU All Grown Up (TV show) AGU Aguascalientes, Aguascalientes, Mexico ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AGU) announced today that John M. Van Brunt, President and Chief Executive Officer, has been appointed as Vice-Chairman of the Board, effective October 3, 2002, in addition to his current role as Chief Executive Officer. In this regard, Mr. Frank W. Proto continues as Chairman of the Board of Directors. Agrium's Board of Directors and John Van Brunt believe it is critical to the Company's ongoing success to provide for the orderly transition of Mr. Van Brunt's responsibilities to successors over the next few years. Accordingly, the Board is pleased to announce that Mr. Van Brunt, in his new role as Vice-Chairman, will work with the Board and Management on the development and implementation of new processes dealing with governance issues that are evolving as a result of recent legislative and regulatory requirements. Agrium's Board of Directors is also pleased to announce that Michael M. Wilson, Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , has been appointed as President, effective October 3, 2002, in addition to his current role as Chief Operating Officer, continuing to report to Mr. Van Brunt. In his new role, Mr. Wilson will continue to become increasingly more involved in various Corporate activities. In this regard, the Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. function under Jim Grossett, Vice President, Human Resources, will now report to Mr. Wilson in his role as President. Agrium Inc. is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services in both North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Argentina. Agrium produces and markets four primary groups of fertilizers: nitrogen, phosphate, potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. and sulphur. Agrium's strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion