TORONTO (AP) — Agrium’s management defeated Tuesday an activist investor’s attempt to change the strategy of the fertilizer company after Agrium’s entire management slate of nominees were elected to the company’s board of directors.

Jana, a New York hedge fund and Agrium Inc.’s biggest shareholder, is pushing for changes at Agrium, including spinning off its retail operations into a separate company. Jana had proposed a slate of five nominees for the board, but all 12 of the Agrium’s nominees were elected to the board, shutting out Jana’s nominees.