The jet-setting CEO of the American company being given taxpayers money to restart the production of carbon dioxide in the UK made 7 million last year.
Tony Will is boss of US fertiliser giant CF Industries, which has two factories in northern England.
According to the latest CF Industries proxy statement, he made over $9.7million (7.1 million) in total compensation which includes his salary, cash incentives and benefits in 2020.
The company is valued at 7.6 billion and listed on the New York Stock Exchange, according to The Times.
It produces around 60 per cent of the UKs carbon dioxide which is used across food supply chains in Britain, in everything from the slaughter process to the packaging used to keep salads, meat and bread fresh.
The CO2 shortage emerged afterproduction was paused at its plants in Teeside and Cheshire last weekbecause of the rising price of natural gas.
Multi-millionaire Mr Will, 56, flew into the UK from his Illinois headquarters over the weekend to meet Business Secretary Kwasi Kwarteng to discuss the crisis.
They had two meetings before todays reopening deal was struck: the Government is to pay the operating costs of the CF Industries fertiliser plant in Teeside for three weeks. Environment Secretary George Eustice said many millions, possibly the tens of millions will be given to the company to help restart production.
An announcement on the companys website said it was immediately restarting the ammonia plant at its Billingham, UK, complex.
The restart follows an interim agreement reached today to cover the costs to restart the ammonia plant and produce CO2for the UK market.
It said safely restarting the plant would take several days, adding: CO2is a byproduct of the ammonia production process. Safely restarting the ammonia plant at the Billingham Complex is expected to take several days.
CF Industries is one of the largest fertiliser companies in the world, employing more than 600 staff at its factories in Teeside and Cheshire and thousands more in the US and Canada.
It was founded in the US in 1946 as a federation of regional farmers co-operatives called the Central Farmers Fertilizer Company.
It became a publicly traded company in 2005 raising $660 million (483 million) on the New York Stock Exchange.
The same year, it bought a 50 per cent interest in fertiliser firm GrowHow UK, and five years later took full control of the company and its production facilities in Teesside and Cheshire in a 377 million deal.
At the companys Cheshire site a million tonnes of fertiliser are produced each year, which supply the grass and farming sectors.
In Teesside, its supply chain is estimated to be worth 500m a year to the regions economy.
Earlier this year, it was reported the firm was evaluating its options in the North East after being hit with a bill for millions by energy regulator Ofgem.
According to its proxy statements filed with the US Securities and Exchange Commission, Mr Will made more than 7 million in total compensation last year.
The tycoon became chief executive in 2014 after joining the company in 2007 as vice-president of corporate development.
His Instagram includes glamorous photos of his jet-setting lifestyle, including a picture of him lounging by a pool on the 73 million superyacht of Egyptian billionaire Nassef Sawiris.
According to The Times the account was made private yesterday hours before the announcement his company was to receive UK Government funding.
Other pictures showed the tycoon with his arm around US billionaire Warren Buffet after a game of high-stakes poker, and posing with a can of beer aboard a private Dassault Falcon jet.
In a statement on the reopening of the plant, Mr Will said the company was hoping to work with the Government on developing a longer-term solution including alternative suppliers.
He said: We want to thank The Honourable Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy, and his entire staff for working tirelessly to bring about this agreement enabling restart of the plant and averting a potential CO2supply disruption impacting many industries, including food and beverage availability to UK consumers.
We look forward to working with Secretary Kwarteng and the UK government on developing a longer-term solution, including the development of alternative suppliers of CO2for the UK market.
Prior to joining CF Industries Mr Will was a partner at global management consulting company Accenture Ltd and before that he was vice-president of business development at US department store Sears.
He received an undergraduate degree from Iowa State University and an MBA and a graduate degree from Kellogg School of Management.
Link:
- Color Star's Partner Team Villarreal CF Bests Real Madrid CF Once Again As The Yellow Submarine Maintains Its Impressive Win Record -... - April 19th, 2023 [April 19th, 2023]
- Brave CF 70 Slovenia: Joilton Lutterbach vs. Andreas Gustafsson; Date, fight times, how to watch on DAZN - dazn.com - April 19th, 2023 [April 19th, 2023]
- Malaga CF owner Sheikh Al-Thani vows never to put the club he has run into the ground up for sale - The Olive Press - April 19th, 2023 [April 19th, 2023]
- CF Industries partnering with South Korea firm on $2 billion blue ammonia project in Ascension - The Advocate - March 4th, 2023 [March 4th, 2023]
- Cystic Fibrosis (CF): Causes, Symptoms, Diagnosis & Treatment - February 7th, 2023 [February 7th, 2023]
- Reg CF: 2022 Delivered A Decline For Investment Crowdfunding As Economy Slowed, But Expectations Going - Crowdfund Insider - February 7th, 2023 [February 7th, 2023]
- Cystic fibrosis life expectancy: Averages by stage and age - February 2nd, 2023 [February 2nd, 2023]
- Cystic Fibrosis Carrier: What You Should Know - Healthline - February 2nd, 2023 [February 2nd, 2023]
- Cystic Fibrosis: Prenatal Screening and Diagnosis | ACOG - February 2nd, 2023 [February 2nd, 2023]
- CF Moto to launch a retro mini bike, will compete with Honda Grom in the international markets, all we know so far - DNP INDIA - February 2nd, 2023 [February 2nd, 2023]
- CF Industries Holdings, Inc. (NYSE:CF) Short Interest Down 10.3% in October - MarketBeat - November 16th, 2022 [November 16th, 2022]
- Will CF Industries Holdings, Inc. (CF) Stay at the Top of the Basic Materials Sector? - InvestorsObserver - October 25th, 2022 [October 25th, 2022]
- Wanyama on Sunday played his last match for CF Montreal- Here are potential destinations - The Standard - October 25th, 2022 [October 25th, 2022]
- Scouting Report: 5 things you should know about CF Montral when they play NYCFC in the MLS Cup Playoffs - Hudson River Blue - October 21st, 2022 [October 21st, 2022]
- 2-year-old living with cystic fibrosis helped by new treatments - 11Alive.com WXIA - October 13th, 2022 [October 13th, 2022]
- Phage Trial to Treat CF Patients with Multi-Drug Resistant Bacterial Infections - UC San Diego Health - October 13th, 2022 [October 13th, 2022]
- High Blood-sugar Levels at Night Affect Lung Function in CF Adults... - Cystic Fibrosis News Today - October 13th, 2022 [October 13th, 2022]
- This 7-year-old is finally on a 'life-changing' cystic fibrosis drug. For others in Ontario, access is tricky - CBC.ca - October 13th, 2022 [October 13th, 2022]
- CF's Thomas and Easttam dodge Panthers' high-powered defense, tackle running offense head-on - Camden News - October 13th, 2022 [October 13th, 2022]
- The Difficulties of Diving Back In After Taking a Hiatus | Cystic... - Cystic Fibrosis News Today - October 13th, 2022 [October 13th, 2022]
- Cystic Fibrosis Market to Showcase Growth at a CAGR of 9% During the Forecast Period (2022-2032) | DelveInsight - PR Newswire - October 13th, 2022 [October 13th, 2022]
- Massive Predictions: Columbus Crew at CF Montral - Massive Report - September 9th, 2022 [September 9th, 2022]
- Why CF Acquisition Corp. VI Blasted 14% Higher Today - The Motley Fool - September 9th, 2022 [September 9th, 2022]
- Watch Real Betis vs. Villarreal CF Online: Live Stream, Start Time - For The Win - September 9th, 2022 [September 9th, 2022]
- Watch Getafe CF vs. Real Sociedad Online: Live Stream, Start Time - For The Win - September 9th, 2022 [September 9th, 2022]
- Mauro Icardi linked with move to Inter Miami CF - AS USA - September 9th, 2022 [September 9th, 2022]
- CF Acquisition (NASDAQ:CFVI) Rumble Takes On Traditional Media Outlets With New 'Rumble Exclusives' Liv - Benzinga - September 9th, 2022 [September 9th, 2022]
- SF Giants CF struggles on triple by Klay's brother - SFGATE - July 25th, 2022 [July 25th, 2022]
- CF Industries Holdings, Inc. Statement Regarding ITC Injury Determination Concerning Imports of UAN from Russia and Trinidad and Tobago - Business... - July 25th, 2022 [July 25th, 2022]
- CF man jailed in hit-and-run case - Leader-Telegram - July 25th, 2022 [July 25th, 2022]
- AEG and Socios.com Launch Partnership for the Inaugural Soccer Champions Tour Featuring Real Madrid CF, FC Barcelona, Juventus, Club America and Club... - July 25th, 2022 [July 25th, 2022]
- Taty Castellanos plays his final game for NYCFC in 2-0 home win - Hudson River Blue - July 25th, 2022 [July 25th, 2022]
- Padres' Fernando Tatis Jr.: Position Change to CF from SS 'Not out of the Question' - Bleacher Report - July 25th, 2022 [July 25th, 2022]
- CF Industries Stock: From Boom To Bust - Sell Into The Rallies (NYSE:CF) - Seeking Alpha - June 20th, 2022 [June 20th, 2022]
- CF graduates to chart their own paths to success - Valley Breeze - June 20th, 2022 [June 20th, 2022]
- Poirier: We need the strength of the fans" - Real Madrid CF - June 20th, 2022 [June 20th, 2022]
- Vertex to Present Data Demonstrating Significant Benefits of Long-Term and Early Treatment With CFTR Modulators at the European Cystic Fibrosis... - June 11th, 2022 [June 11th, 2022]
- Jayda Coleman, Oklahoma CF, robs Texas of a home run at the wall - Saturday Down South - June 11th, 2022 [June 11th, 2022]
- Gennaro Gattuso brings tenacity and technique to the Valencia CF dugout - Yardbarker - June 11th, 2022 [June 11th, 2022]
- 77-85: On to the league final - Real Madrid CF - June 11th, 2022 [June 11th, 2022]
- Gator Greats On CF Hall of Fame Ballot - ESPN 98.1 FM - 850 AM WRUF - WRUF - June 11th, 2022 [June 11th, 2022]
- Mariners CF Julio Rodrguez named AL Rookie of the Month for May - Seattle Sports - June 5th, 2022 [June 5th, 2022]
- CF woman charged with theft of trade secrets from former employer - Leader-Telegram - June 5th, 2022 [June 5th, 2022]
- Laso: The team were magnificent in defense" - Real Madrid CF - June 5th, 2022 [June 5th, 2022]
- The Austrian Wonderboy Returns To Action At BRAVE CF 59 in Uzbekistan - FightBook MMA - June 5th, 2022 [June 5th, 2022]
- Son Ye Jin Teases Fans With First CF Since Wedding to Hyun Bin - Kdramastars - June 5th, 2022 [June 5th, 2022]
- Fourth anniversary of the Duodcima - Real Madrid CF - June 5th, 2022 [June 5th, 2022]
- Meet the Avro CF-105 Arrow: The Long-Ranger Fighter Designed to Battle Russia - 19FortyFive - June 5th, 2022 [June 5th, 2022]
- Charlottetown to host professional soccer match between Sunderland AFC, CF Montral U23 teams - Saltwire - June 5th, 2022 [June 5th, 2022]
- Neutrophil Dysfunction in the Pathogenesis of Cystic Fibrosis (CF) - Physician's Weekly - May 21st, 2022 [May 21st, 2022]
- CF Industries Holdings, Inc. (NYSE:CF) Expected to Announce Earnings of $6.16 Per Share - Defense World - May 21st, 2022 [May 21st, 2022]
- Living with Cystic Fibrosis: A CF patient experience story | LHSC - London Health Sciences Centre - May 21st, 2022 [May 21st, 2022]
- CF Montreals Ismal Kon is showing impressive promise early this MLS season - The Athletic - May 21st, 2022 [May 21st, 2022]
- Film produced by CF native to be shown at Micon Cinemas - Leader-Telegram - May 21st, 2022 [May 21st, 2022]
- CF & CFRP Market Research Report by Carbon Fiber Materials, Resin Type, Manufacturing Process, End-use Industry, Region - Global Forecast to 2027... - May 21st, 2022 [May 21st, 2022]
- Experienced defensive backs for CF thriving this off-season - Camden News - May 21st, 2022 [May 21st, 2022]
- The 37th anniversary of Real Madrid's first UEFA Cup - Real Madrid CF - May 21st, 2022 [May 21st, 2022]
- Q&A: How a Cystic fibrosis diagnosis has changed in recent years - WRAL News - May 6th, 2022 [May 6th, 2022]
- Kinnear: Hope, Turning CF Into 'Cure Found' and Betting on the Long Shot - insidelacrosse.com - May 6th, 2022 [May 6th, 2022]
- CF INDUSTRIES HOLDINGS, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. (form 10-Q) - Marketscreener.com - May 6th, 2022 [May 6th, 2022]
- Structure fire in CF reported Thursday | Local Briefs | leadertelegram.com - Leader-Telegram - May 6th, 2022 [May 6th, 2022]
- Celtic vs Rangers: The Bassey and Fashion show as Aribo auditions at CF - Pulse Nigeria - May 3rd, 2022 [May 3rd, 2022]
- 99-89: Sixth consecutive win in two weeks - Real Madrid CF - May 3rd, 2022 [May 3rd, 2022]
- Companion animals, vaccines, and risk to patients with cystic fibrosis - DVM 360 - April 20th, 2022 [April 20th, 2022]
- The Push for Glory Continues as Color Star's partner team Villarreal CF advances to the Semi-Finals of the UEFA Champions League - PR Newswire - April 20th, 2022 [April 20th, 2022]
- Experimental Drug Could Help People With Asthma, COPD, Cystic Fibrosis and Cancer-Related Lung Disease - SciTechDaily - March 23rd, 2022 [March 23rd, 2022]
- Sandpoint and CF tennis to make up matches - Bonner County Daily Bee - March 23rd, 2022 [March 23rd, 2022]
- Albert Almora Jr. was the Cubs CF of the future. Now he's a Red. Here's what to know - Yahoo Sports - March 23rd, 2022 [March 23rd, 2022]
- Why The Wheat ETF Spiked On Monday: A New Report Into How Russia's Invasion Of Ukraine, And The Resulting - Benzinga - March 23rd, 2022 [March 23rd, 2022]
- Heyward Willing to Play CF, Who Closes for the Cubs, Bauer, Minors Lawsuit, and Other Cubs Bullets - bleachernation.com - March 18th, 2022 [March 18th, 2022]
- Atlanta United vs CF Montreal: Match Preview - Dirty South Soccer - March 18th, 2022 [March 18th, 2022]
- As Villarreal CF Reaches Champions League Quarter Finals, Color Star Technology Invites the World to Witness Footballing Glory - PR Newswire - March 18th, 2022 [March 18th, 2022]
- Nimmo's faster than ever. But will that make him the CF starter? - MLB.com - March 18th, 2022 [March 18th, 2022]
- Russian invasion of Ukraine shows need to protect Canada's North: Norad - CTV News - March 18th, 2022 [March 18th, 2022]
- Target BMI Among Patients with Cystic Fibrosis to be Reconsidered According to New Study - MD Magazine - March 17th, 2022 [March 17th, 2022]
- Trout will remain in CF after all, says Maddon - MLB.com - March 17th, 2022 [March 17th, 2022]
- Watch this referee go above and beyond to stop an all-out brawl at Brave CF 57 - MMA Junkie - March 17th, 2022 [March 17th, 2022]
- Columbus A/S : Statutory report on Corporate Governance 2021 cf section 107b of the Danish Financial Statements Act - Marketscreener.com - March 17th, 2022 [March 17th, 2022]
- Fertilizer Stocks: Why Are MOS, CF, UAN and NTR Up Today? - InvestorPlace - March 17th, 2022 [March 17th, 2022]
- Why Is CF Industries (CF) Stock Up Today? - InvestorPlace - March 11th, 2022 [March 11th, 2022]