02:33 PM EDT, 03/28/2024 (MT Newswires) -- Nutrien ( NTR ) is considering strategic changes in South America over significant losses in the region including divestments, new management and stopping its acquisition spree in Brazil, Reuters reported Thursday, citing sources with direct knowledge of the matter.

The company has already separated Brazil from the rest of its regional operations and is weighing sale of assets in Argentina, Chile and Uruguay, two sources reportedly said.

At least eight senior executives or managers have been terminated or resigned from their positions since April, including former Latin America chief executive, chief financial officer and the entire supply management team in Brazil, according to the report.

"As a new business, structural and leadership changes are part of the growth journey," the company reportedly told Reuters.

Nutrien ( NTR ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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