Ken Seitz Biography – Ken Seitz Wiki
Ken Seitz is President and Chief Executive Officer of Nutrien Ltd., the world’s largest provider of crop inputs and services. The Saskatoon-based fertilizer giant announced that its Board of Directors has appointed Ken Seitz as its President and CEO, effective August 8, 2022. Seitz will also join the Nutrien Board of Directors. The announcement follows an extensive seven-month global search including internal and external candidates led by the Board and supported by a world-class executive recruitment firm with a dedicated agriculture and chemical practice.
Russ Girling, Chair of the Nutrien Board of Directors said in a statement: “Nutrien’s record performance and disciplined execution of strategy during some of the most turbulent times we have seen globally underscore the strength of Ken Seitz’s leadership. As the company’s President and CEO, Mr. Seitz will continue to drive positive outcomes for all of our stakeholders as we strive to safely and sustainably feed the world.
“Mr. Seitz strongly aligned to our comprehensive leadership needs given his extensive international experience in our industries, passionate connection to our purpose, efficacy in driving our stated strategy and personal commitment to employee safety and an inclusive workplace. Additionally, Mr. Seitz demonstrated proven performance in an interim role this year receiving an extensive range of positive feedback from our stakeholders. The Board has every confidence Mr. Seitz is the right leader to drive our strategy forward.”
Seitz said in a statement: “I look forward to continuing the important work of safely and sustainably feeding a growing world with the executive leadership team, our employees globally and support of the Board of Directors. Growing up on a dairy farm in Saskatchewan, I am honored and humbled to work alongside growers during these challenging times today and going forward. Nutrien is extremely well positioned to help meet the global goals of food security and climate action, partnering across the food system. Our purpose is to feed the future, and I am invigorated by the noble pursuit to help solve these critical world needs.”
Seitz served as interim CEO since January 2022. He was named the company’s interim CEO in January 2022 after Mayo Schmidt stepped down as president and chief executive and also resigned from the company’s board of directors. Schmidt was named CEO at Nutrien in April 2021.
“I look forward to working with the executive leadership team, our tremendous employees and the Board of Directors to execute on our plan, continue this exciting progression across our business to serve our stakeholders, and deliver on our commitment to advance sustainable solutions to feed a growing world,” Seitz said in a statement.
Seitz joined Nutrien in October 2019, as Executive Vice President and CEO Potash, leading the world’s largest potash producer with over 20 million tonnes of potash capacity at our six lower-cost potash mines in Saskatchewan.
Prior to joining Nutrien, he was the President and CEO of Canpotex, one of the world’s largest suppliers of Potash, where he was appointed to the role in 2015. He has extensive experience in global fertilizer marketing and logistics and strong connections within the industry.
Seitz previously worked with Cameco Corporation for 18 years, holding a variety of senior management roles, including Senior Design Engineer; VP, Marketing and Administration; VP, Corporate Development; and Senior VP and Chief Commercial Officer.
He is the Chair of the Board of Directors for Canpotex and is also a member of the Board of Directors for Source Energy Services. He has previously served on the Board of the Canada–United Arab Emirates Business Council and the Saskatoon Regional Economic Development Authority Board.
Seitz has a Bachelor of Science in Agriculture, a Bachelor of Engineering and a Master of Business Administration from the University of Saskatchewan. He is a Professional Engineer with the Association of Professional Engineers and Geoscientists of Saskatchewan and is a Professional Agrologist with the Saskatchewan Institute of Agrologists. He also holds a Certificate in Management from the Stern School of Business at New York University.
Ken Seitz Age
Ken Seitz’s age is unclear. He was born in Regina, Canada. He grew up on a dairy farm northeast of Regina.
Ken Seitz Wife
Is Ken Seitz married? Ken Seitz is married to his wife Alana Seitz. She is a physician in Regina, Canada.
Ken Seitz Family
Ken Seitz and his wife Alana, have four children; Adia, Fraya, Eve and Leo. In a 2020 interview with ORE Magazine, Seitz spoke about his family, saying: “My wife, Alana, is a physician here in the city, my daughter Adia is studying at the Edwards School of Business, my daughters Fraya and Eve are in eleventh and sixth grades, respectively, and my son Leo is in grade 8.”
Taking holidays with his family of six is also high on his priority list. He told ORE Magazine: “Our vacations are truly important to me. We try to go on a couple of vacations together each year, and we spend as much time together as we can at our Candle Lake cabin, boating, fishing, golfing, swimming and barbequing – it all brings a true sense of connection.”
Ken Seitz Salary
Nutrien’s Ken Seitz made $6.92 million in total compensation as Executive Vice President and CEO of Potash at Nutrien in 2020. $800,179 was received as salary; $3,707,730 as Share-based Awards; $1,030,668 as Option-based Awards; $939,701 as Non-Equity Incentive Plan Compensation; $422,092 as Pension Value; and $24,972 as All Other Compensation, according to a Canadian Centre for Policy Alternatives report. Former Nutrien Ltd. CEO Chuck Magro made roughly $16.4 million in total compensation in 2020. As Nutrien’s interim CEO, Ken Seitz is reportedly receiving a salary of about $1.5 million.
Ken Seitz Net Worth
Ken Seitz’s net worth is estimated to be $10 million.