CF Industries Holdings, Inc. Appoints Jesus Madrazo as Independent Director, as a Member of the Environmental Sustainability and Community Committee and the Corporate Governance and Nominating Committee of the Board
July 20, 2021 at 08:30 am EDT
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CF Industries Holdings, Inc. announced that its Board of Directors has elected Jesus Madrazo, founder and chairman of Kompali Farms, as an independent director for the company. Prior to founding Kompali Farms, Mr. Madrazo served for more than two decades in diverse global leadership roles at Monsanto Company and, more recently, as executive vice president, public affairs and sustainability, for the Crop Science division of Bayer. The election of Mr. Madrazo brings membership of the CF Industries Holdings, Inc. Board of Directors to twelve. He is expected to stand for re-election by stockholders at the company’s 2022 Annual Meeting. Mr. Madrazo, 51, is the founder and chairman of Kompali Farms, a large wine venture in Mexico renowned for its innovation by uniting technology and sustainability to deliver value to consumers while minimizing environmental impact. Prior to Kompali Farms, he served as a member of the executive leadership team and as executive vice president, public affairs and sustainability, for the Crop Science division of Bayer. Prior to joining Bayer, Madrazo held the role of Vice President, Commercial and Global Supply Chain, at Monsanto, which he first joined in 1999. In connection with Mr. Madrazo’s election to the Board, he has been appointed to serve as a member of the Environmental Sustainability and Community Committee and the Corporate Governance and Nominating Committee of the Board.
CF Industries Holdings, Inc. specializes in the manufacturing and the marketing of nitrate and phosphate fertilizers. Net sales break down by family of products as follows:
- products based on urea and ammonium nitrate solution (31.2%): 7,237 Kt sold in 2023;
- urea (27.5%): 4,570 Kt sold;
- ammonium (25.3%): 3,546 Kt sold;
- ammonium nitrate (7.5%): 1,571 Kt sold;
- other (8.5%).
Net sales are distributed geographically as follows: the United States (73.2%), Canada (9.2%), North America (1.1%), the United Kingdom (5.2%) and other (11.3%).
CF Industries Holdings, Inc. Appoints Jesus Madrazo as Independent Director, as a Member of the Environmental Sustainability and Community Committee and the Corporate Governance and Nominating Committee of the Board