By paNOW

Bill Doyle to step down as PotashCorp CEO

Apr 7, 2014 | 1:03 AM

Late Sunday afternoon, Potash Corp announced that President and Chief Executive Officer Bill Doyle would be stepping down effective Canada Day.

Doyle has been with the company for 27 years, the last 15 as the company’s top man. He’ll stay on as a senior advisor through June of 2015, the company said, “allowing for a planned and seamless transition”.

President and CEO of Toronto-based Inmet Mining Corp Jochen Tilk will take over the job. Tilk has been the president and CEO of that company since November 2009.

“I don’t think this is coming as too much of a surprise to anyone internally… In this case it’s been a very thorough and extensive process and I think everyone is excited to move onto the next chapter in our company,” Potash Corp senior director of public affairs Bill Johnson said, adding that it was a three-year selection process.

“Bill is 64 years old and we knew that he would be stepping down eventually.”

National

Canada changes course, starts busing citizens out of Israel

41m ago

Graduates

Carlton Valedictorian encourages graduates to never let an opportunity pass by

59m ago

Hockey Commitments

Broncos Fouquette commits to U of C, team signs B.C. netminder

1h ago

Johnson said that shareholders will see strong leadership with Tilk, who has 30 years experience in the mining industry.

“Ours is a business where you really do need to take a long term view even though we report on a quarterly basis. The decisions we are making have implications that will last for decades,” Johnson explained.

“I think that you will see a very steady hand at the wheel in terms of our company and I think you will see a continuation of many of the strategies that made us the largest fertilizer company in the world over the last number of the years.”

These announcements come four months after Potash Corp cut 18 per cent of its total workforce citing market conditions.

news@panow.com

On Twitter: @princealbertnow