Chuck Magro is the CEO of Corteva, Inc., having taken the reins in November 2021 after previously leading Nutrien Ltd. His journey in the agriculture and chemicals sector spans over two decades. Educated in chemical engineering from the University of...

Number of Employees

22.5K

Year

2023

Total Compensation

$2.99M

Salary

$1.35M

Board Justification

Corteva's compensation philosophy is to provide pay for performance in support of long-term business objectives, aligning executive compensation with stockholder interests.

Bonus

$1.47M

Board Justification

The bonus is based on the Performance Reward Plan (PRP) which had a payout factor of 72.7% of target for NEOs based on 2023 performance against financial metrics.

Other

$170.73K

Board Justification

Other compensation includes contributions to retirement plans and perquisites such as personal use of company aircraft.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus is on the performance-based stock awards that will be evaluated over a multi-year period.

Performance Metrics

The performance metrics for 2023 included Operating EBITDA, Operating EBITDA margin, and Working Capital Turns.

SEC Filing

From March 15, 2024

Chuck Magro

CEO of Corteva

C

Education

Bachelor of Applied Science (Chemical Engineering) from the University of Waterloo; MBA from the University of Windsor

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1969 - 56 years ago

Is Founder?

No

Current Tenure

3 years 2 months (Nov 2021 - Present)

Previous Experience

President and CEO of Nutrien Ltd.