ICL to consolidate its crop nutrition sales and marketing activities

Date:06-24-2020

ICL Group Ltd (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, recently announced it will consolidate sales and marketing infrastructures for crop nutrition inputs. Following the consolidation, sales and marketing efforts of commodity and specialty fertilizers will be undertaken by a single commercial organizational unit that will be managed on a regional basis.

The company expects that this change will optimize sales and marketing channels, better address the ongoing needs of ICL's customers, enhance adoption of new products and broaden regional sales across ICL's ag-related operating divisions. This change will not impact ICL's financial reporting.

Raviv Zoller, President and CEO of ICL commented: "The consolidation of our sales and marketing efforts in the agricultural business is being undertaken as ICL continues to evaluate ways to achieve commercial excellence and increase the efficiency of our global operations. We believe that establishing a single commercial unit facing agricultural end markets will allow us to better leverage ICL's region-specific knowledge, agronomic and R&D capabilities, logistical assets, and customer relationships, as well as to enhance the global operational scale of our crop nutrition business."

Eli Amon, EVP ICL IAS, will lead the consolidated crop nutrition business as well as ICL's Innovative Ag Solutions division. Mr. Amon has been with ICL for 29 years, serving in several executive sales, marketing and logistics roles.