May 25, 2010 / 5:30 PM / 9 years ago

UPDATE 1-Potash Corp names new COO, sales head

* Dietz to retire as COO, Delaney to replace him

* Dowdle to replace Delaney as head of sales

TORONTO, May 25 (Reuters) - Potash Corp of Saskatchewan POT.TO said on Tuesday that James Dietz, the company’s chief operating officer, will retire at the end of June after more than four decades in the fertilizer and chemical industries.

Dietz will be replaced by David Delaney, who is currently head of sales at Potash Corp, the world’s largest fertilizer maker.

The Saskatoon, Saskatchewan-based company said that Stephen Dowdle, who is currently senior vice president of fertilizer sales will be promoted to Delaney’s position as head of sales.

Shares of Potash Corp were down C$2.90 at C$100.79 in afternoon trade on the Toronto Stock Exchange.

$1=$1.08 Canadian Reporting by Euan Rocha; editing by Peter Galloway

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