Listed: TSX, NYSE
SASKATOON, SK, Sept. 12, 2011 /CNW/ - Potash Corporation of Saskatchewan
Inc. (PotashCorp) today announced that Mr. Gerald W. Grandey has been
appointed to the Board, effective September 9, 2011. Mr. Grandey of
Saskatoon, Saskatchewan was formerly the Chief Executive Officer of
Saskatoon-based Cameco Corporation, one of the world's largest publicly
traded uranium companies.
Mr. Grandey is a director of Canadian Oil Sands Limited and Sandspring
Resources Ltd., and also serves on the Advisory Council of
Saskatchewan's Edwards School of Business and the Board of Governors of
the Colorado School of Mines Foundation.
This addition of a new director is part of the company's well
established director selection, evaluation and succession processes in
terms of diversity, talent and timing of director recruitment.
"Given his current global management experience in the natural resources
sector, we look forward to the insight and contributions Mr. Grandey
will bring to our Board," said Board Chairman Dallas Howe.
Potash Corporation of Saskatchewan Inc. is the world's largest
fertilizer enterprise by capacity producing the three primary plant
nutrients and a leading supplier to three distinct market categories:
agriculture, with the largest capacity in the world in potash, third
largest in each of nitrogen and phosphate; animal nutrition, with the
world's largest capacity in phosphate feed ingredients; and industrial
chemicals, as the largest global producer of industrial nitrogen
products and the world's largest capacity for production of purified
industrial phosphoric acid. PotashCorp's common shares are listed on
the Toronto Stock Exchange and the New York Stock Exchange.
This release contains forward-looking statements or forward-looking
information (forward-looking statements). These statements are based on
certain factors and assumptions, including with respect to: foreign
exchange rates, expected growth, results of operations, performance,
business prospects and opportunities and effective tax rates. While the
company considers these factors and assumptions to be reasonable based
on information currently available, they may prove to be incorrect.
Several factors could cause actual results to differ materially from
those expressed in the forward-looking statements, including, but not
limited to: fluctuations in supply and demand in fertilizer, sulfur,
transportation and petrochemical markets; changes in competitive
pressures, including pricing pressures; adverse or uncertain economic
conditions and changes in credit markets; the results of sales contract
negotiations with major markets; timing and amount of capital
expenditures; risks associated with natural gas and other hedging
activities; changes in capital markets and corresponding effects on the
company's investments; changes in currency and exchange rates;
unexpected geological or environmental conditions, including water
inflow; strikes and other forms of work stoppage or slowdowns; changes
in and the effects of, government policies and regulations; and
earnings, exchange rates and the decisions of taxing authorities, all
of which could affect our effective tax rates. Additional risks and
uncertainties can be found in our Form 10-K for the fiscal year ended
December 31, 2010 under captions "Forward-Looking Statements" and "Item
1A - Risk Factors" and in our other filings with the US Securities and
Exchange Commission and Canadian provincial securities commissions.
Forward-looking statements are given only as at the date of this
release and the company disclaims any obligation to update or revise
the forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE Potash Corporation of Saskatchewan Inc.
For further information:
| Investors |
Vice President, Investor and Public Relations
Phone: (306) 933-8521
Fax: (306) 933-8844
| || || Media |
Senior Director, Public Affairs
Phone: (306) 933-8849
Fax: (306) 933-8844
Web Site: www.potashcorp.com