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NORTHBROOK, Ill. - CF Industries Holdings, Inc. (NYSE:CF), a $13.68 billion market cap nitrogen and hydrogen products manufacturer currently rated as financially "GOOD" by InvestingPro analysts, announced Monday that President and Chief Executive Officer W. Anthony Will plans to retire effective January 4, 2026. Christopher D. Bohn, the company’s current executive vice president and chief operating officer, has been elected to succeed Will as president and CEO.
Will, who has led the nitrogen and hydrogen products manufacturer since 2014, will serve in an advisory capacity until March 15, 2026. He will complete his current term on the Board of Directors but will not seek re-election at the company’s 2026 Annual Meeting.
During Will’s 12-year tenure as CEO, CF Industries delivered what the company described as industry-leading total shareholder return, maintaining consistent dividend payments for 21 consecutive years and achieving a 9.53% revenue growth in the last twelve months. The company currently trades at an attractive P/E ratio of 11.04 and offers a 2.37% dividend yield. Will joined CF Industries in 2007 before assuming the top leadership position. InvestingPro analysis reveals 12 additional key insights about CF Industries’ performance and outlook.
Bohn, a 16-year veteran of CF Industries, was appointed executive vice president and chief operating officer in February 2024, overseeing the company’s global manufacturing, distribution, sales, supply chain, and clean energy solutions organizations. He was also elected to the company’s Board of Directors at that time.
Prior to his current role, Bohn held several senior positions at CF Industries, including executive vice president and chief financial officer, senior vice president of manufacturing and distribution, and senior vice president of supply chain.
According to the company’s press release, Bohn played a key role in recent strategic initiatives, including the formation of the Blue Point joint venture announced in 2025 and the acquisition of an ammonia production facility in Waggaman, Louisiana.
Stephen J. Hagge, chair of CF Industries’ Board of Directors, stated that Bohn’s election resulted from "the Board’s thorough and disciplined succession process."
In other recent news, CF Industries reported second-quarter earnings that fell short of analyst expectations, despite a notable increase in revenue. The company posted earnings per share of $2.37, slightly below the analyst consensus of $2.40. However, revenue for the quarter reached $1.89 billion, surpassing the forecasted $1.78 billion and marking a 20% increase from the previous year.
Additionally, CF Industries received mixed analyst ratings. Barclays upgraded the company’s stock from Equalweight to Overweight, raising the price target to $100, citing benefits from low-carbon initiatives within the Ammonia segment. Conversely, BofA Securities downgraded the stock from Neutral to Underperform, with concerns over ammonia deflation impacting urea production.
Wells Fargo maintained an Overweight rating while increasing the price target to $108, noting that second-quarter challenges such as unplanned turnarounds and higher SG&A costs are expected to reverse later in the year. These developments reflect the complex landscape CF Industries is navigating in the current market environment.
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