Fertilizer maker CF Industries said Monday that Stephen Wilson will step down Jan. 1 after about a decade as its CEO but will remain on as chairman.
The company said Anthony Will, its head of manufacturing and distribution, has been selected to become CEO.
Will, 48, has been with the company since 2007 and became vice president of manufacturing and distribution in 2009.
Wilson, 64, has been with the company for 23 years. He has been its CEO since 2003 and became chairman in 2005 when the CF Industries went public.
Shares of CF Industries Holdings Inc. rose $4.18, or 2.2 percent, to $198.01 in morning trading Monday. They have risen 17 percent from a 52-week low of $169.33 in early July. They traded as high as $233.43 in late January.