GIC Group President and CEO Richard Gilmore named as monitor trustee by Agrium/Nutrien
For Immediate Release
Bethesda, MD, January 5, 2017 —
GIC Group is pleased to announce that the company’s President and CEO Dr. Richard Gilmore has been selected by Nutrien to serve as monitor trustee for the duration of ten years. The world’s largest potash fertilizer company and a leading global provider of crop inputs and services, Nutrien was formed by the recent merger of Canadian fertilizer and chemical companies Potash Corporation of Saskatchewan and Agrium.
The merger combines Potash Corp. of Saskatchewan’s fertilizer production capacity, which is the largest in the world, with Agrium’s network of 1,500 farm retail centers worldwide. Both companies agreed to divest two U.S. production facilities as a condition for securing regulatory approval for the merger from the U.S. Federal Trade Commission.
Based in Saskatoon, Canada, the combined company has nearly 20,000 employees and operations and investments in 14 countries.
“I look forward to serving as monitor trustee for Nutrien, having previously served as an Agrium trustee,” said Dr. Richard Gilmore, GIC Group President and CEO.
Based in Bethesda, Maryland, the GIC Group is a 38-year-old international agribusiness company offering five core services to private and public sector clients: market consulting, financial services, carbon services, food safety and food security. Dr. Gilmore previously served as trustee for large agroseed, fertilizer and chemical companies such as Bayer CropScience and Syngenta.
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For further information, please contact:
Nicholaus Herrmann, GIC Group:
Nick.Herrmann@gicgroup.com
www.gicgroup.com