Brad Chandler, who was commercial business manager before, has come back to take over immediately as general manager.
At the annual meeting at the end of November, then-president Keith Strang said conditions were “extremely volatile” during 2015 and 2016.
The profit of $11.4 million in 2015 was restated as a loss of $14.6 million.
Strang referenced the decline in value of the Canadian dollar vs. the U.S. currency and said 55 per cent of Hensall’s business is in U.S. dollars.
The coop also reported a profit of more than $21 million for 2016. It’s not clear what has happened since to prompt Wagner’s dismissal.