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...

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 Waterloo and holding an MBA from the University of Windsor, he combines technical know-how with business savvy. Under his leadership, Corteva focuses on innovative agricultural solutions while ensuring sustainability. Interestingly, in 2023, Chuck's total compensation was around $1.5 million, reflecting his base salary and performance-based incentives. However, stock awards are evaluated over several years, highlighting a focus on long-term success rather than immediate gain. Chuck has been actively involved in insider trading as well, with notable trades reaching over $10 million in value, indicating his strong belief in Corteva’s future. His past roles have also included significant positions at Agrium, where he led key operations and strategic mergers, setting a solid ground for his current position. With a commitment to improving crop yields and sustainable practices, Chuck aims to keep Corteva as a leader in the agriculture technology space.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Corteva CEOs

C

Chuck Magro

CEO of Corteva

Education

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

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1969 - 56 years ago

CEO of Corteva for

3 years 6 months (Nov 2021 - Present)

Previous Experience

President and CEO of Nutrien Ltd.

Rivals

Competitors/colleagues of Chuck Magro

Holdings

See how much did Chuck Magro make over time.

As CEO of Corteva, Chuck Magro has shown a strong belief in the company through his trading activities. His insider trades peaked in 2023, with transactions valued at over $10 million, reflecting confidence in Corteva's future. From February 2022 to...

As CEO of Corteva, Chuck Magro has shown a strong belief in the company through his trading activities. His insider trades peaked in 2023, with transactions valued at over $10 million, reflecting confidence in Corteva's future. From February 2022 to early 2024, his reported holdings fluctuated significantly, with monthly trade values reaching highs such as $11.30 million. These activities indicate a consistent interest in maintaining a stake in Corteva as it focuses on enhancing crop productivity and sustainability. The majority of Chuck's wealth seems concentrated in Corteva’s stock, emphasizing his commitment to the company's growth and performance over the years. Overall, his holdings encapsulate a forward-looking approach to leadership in agriculture technology.

Insider Trading

See recent insider trades of Chuck Magro.

INGR

$66.25K

INGR at $115.36/share

Jun 28, 2024

Received

INGR

$66.25K

INGR at $116.81/share

Mar 29, 2024

Received

CTVA

40,471 shares

CTVA

Feb 18, 2024

Received

INGR

$62.50K

INGR at $103.99/share

Dec 11, 2023

Received

INGR

$62.50K

INGR at $99.59/share

Sep 29, 2023

Received

INGR

$62.55K

INGR at $105.95/share

Jun 30, 2023

Received

INGR

$62.50K

INGR at $98.41/share

Mar 31, 2023

Received

CTVA

32,911 shares

CTVA

Feb 28, 2023

Received

CTVA

$2.43M

CTVA at $60.64/share

Feb 6, 2023

Purchase

INGR

$61.33K

INGR at $81.71/share

Oct 3, 2022

Received

Compensation History

See how much did Chuck Magro make over time.

Chuck Magro's compensation reflects a combination of salary, performance bonuses, and other benefits. In 2023, he earned a total of approximately $1.5 million, consisting of a $1.35 million base salary and around $147,200 from performance rewards under Corteva's Performance Reward Plan. Notably, there were no stock grants or options vesting this year, as the focus remains on multi-year performance-based stock awards which align financial metrics with long-term company goals. His pay is structured to incentivize achievements in areas critical to Corteva's success, including Operating EBITDA and working capital efficiency, indicating the company's commitment to aligning executive incentives with shareholder value. Overall, this pay structure aims not only to reward immediate performance but also to foster long-term growth and sustainability in the competitive agricultural industry.

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.

Other Corteva CEOs

Here are other CEOs of Corteva

James C. Collins, Jr.

Ex-CEO of Corteva

June 2019 - December 2021