8-K
filed October 28, 2021, 7:59 PM ET
ticker CTVA
CIK 0001755672
leadership
confidence high
sentiment neutral
materiality 0.60
Corteva appoints former Nutrien CEO Chuck Magro as new CEO, effective Nov 1, 2021
Corteva, Inc.
- Chuck Magro succeeds James C. Collins Jr., who is retiring; Magro joins board effective Nov 1.
- Magro's base salary $1.3M; target LTI $9M; eligible for severance plan; relocation up to $750k.
- Corteva to pay Nutrien $18.7M lump sum and indemnify for Magro's restrictive covenant breaches.
- Magro previously led Nutrien (2018-2021) and Agrium; brings global ag experience.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
James C. Collins, Jr. retired as Director at Corteva, Inc..
- Action
- retired
- Role
- Director
Exact text from the filing
The Company previously announced Mr. Collins’ retirement as chief executive officer and director upon the appointment of his successor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
James C. Collins, Jr. retired as Chief Executive Officer at Corteva, Inc..
- Action
- retired
- Role
- Chief Executive Officer
Exact text from the filing
The Company previously announced Mr. Collins’ retirement as chief executive officer and director upon the appointment of his successor.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Charles Victor Magro was appointed as Chief Executive Officer at Corteva, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Corteva, Inc. (the “Company”) announced that Charles Victor (“Chuck”) Magro, age 52, would succeed James C. Collins, Jr., as chief executive officer of Corteva, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”) effective November 1, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Charles Victor Magro was appointed as Director at Corteva, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Corteva, Inc. (the “Company”) announced that Charles Victor (“Chuck”) Magro, age 52, would succeed James C. Collins, Jr., as chief executive officer of Corteva, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”) effective November 1, 2021.
View on SEC.gov
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