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Magazine: 505 Nov-Dec 2021

People

CF Industries announced several interlinked board changes in mid-October. Current chair Stephen Furbacher is to retire at the company’s annual stockholders meeting in May next year. In a coordinated move, the board elected Stephen Hagge – currently an independent director of CF Industries – as Mr Furbacher’s successor with effect from the start of January 2022. The board also elected John Eaves, another independent director and the executive chairman of Arch Resources, as incoming chair of the company’s compensation and management development committee. He is taking over this role from the committee’s former chair Mr Hagge. This appointment also takes effect from the beginning of 2022.