- Wall Street reaction to the change of the guard at Potash (POT -1.6%), where longtime President and CEO Bill Doyle will step down in July after a 27-year career with the company, seems one of surprise and a bit of puzzlement.
- In the view of TD Securities analyst Greg Barnes, the fact that replacement Jochen Tilk comes from outside the fertilizer industry is a surprise, though he believes is widely respected by his peers and had a strong commitment to sustainability in the mining industry as the head man at Inmet Mining.
- According to Raymond James, Doyle's decision to step down isn't unexpected but is "a little taken aback" at the choice of Tilk "on the heels of one of the potash industry's most volatile periods."
- RBC is taking a wait-and-see approach as it learn more about how the new CEO will help shape the company's strategy to grow its earnings and navigate a challenging time in the potash market (Briefing.com).