Since April last year, at least eight senior executives or managers have been let go or have resigned from the company. This exodus included members of Brazil’s entire supply management team, as well as the chief executive officer and CFO for Latin America.
The company started its Brazilian expansion soon after its 2018 formation through the merger of Potash Corp of Saskatchewan and Agrium Inc, which had one small fertilizer maker in Sao Paulo state.
By 2022, the company operated in 13 Brazilian states and had about 200 commercial units in Latin America, a region in which it has been present for over 25 years.
This year, however, the potash and other fertilizers producer revealed it may sell its retail operations in Argentina, Chile and Uruguay to focus on Brazil and other key markets.
Nutrien’s challenges in South America surfaced as fertilizer companies grappled with volatility in global…
