ALBERTA

Frmr Viterra CEO leaves Agrium board to become CEO of Louis Dreyfus Commodities

12/22/2014 01:52 EST | Updated 02/21/2015 05:59 EST
CALGARY - Mayo Schmidt — a former head of the Saskatchewan Wheat Pool and its successor Viterra Corp. — has stepped down from the board of Agrium Inc. (TSX:AGU).

Agrium said Monday that Schmidt was making the move as a result of his appointment as chief executive of Louis Dreyfus Commodities, a seller and trader of agricultural commodities.

Schmidt's appointment was announced by the Dutch company on Nov. 28 and becomes effective Jan. 5.

Under his leadership between 2000 until his departure from Viterra in 2012, the Wheat Pool business evolved from a regional co-operative into a publicly traded international agribusiness.

Viterra was later purchased and taken private by Swiss commodities giant Glencore, while parts of the business were sold to Agrium and Richardson International.

Schmidt joined the board of Agrium — a Calgary-based fertilizer producer and agriproducts retailer — in 2013.

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