On December 17, Brazil Potash (GRO) announced that Stan Bharti will resign as the Executive Chairman and a director on the board of directors of the company, which resignation will become effective on January 6. Mr. Bharti will assume the role of the chairman of the advisory board of the company following the effectiveness of his resignation. In connection with Mr. Bharti’s resignation, the Board has appointed Mayo Schmidt as the new Executive Chairman and a director of the company, which appointment will become effective concurrently with the effectiveness of Mr. Bharti’s resignation. Schmidt has served on the advisory board of the company since July 2024. Most recently, Mr. Schmidt served as the chairman of the board of directors of VersaCold from May 2021 to August 2022. Mr. Schmidt previously served in a number of roles with Nutrien including as a member and the chairman of the board of directors, as well as the transitional president and chief executive officer for one-year term, from February 2013 to December 2021. Mr. Schmidt was instrumental in the merger of Agrium and Potash , which resulted in the formation of Nutrien (NTR).
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