Agrium Inc.said May 4 that it has appointed Derek Pannell as chairman of its board.

Pannell will replace Victor Zaleschuk, who has served as Agrium'sboard chairman since 2012 and as a board member since 2002, and is retiring fromthe position.

The appointment is effective the same day, following the conclusionof its annual meeting of shareholders.

Pannell has been serving as an independent director since hejoined Agrium in 2008.

Additionally, Pannell also serves as board chairman of BrookfieldInfrastructure Partners Ltd.