mosaic co/the (MOS) Key Developments
Mosaic Plans Expansion and Investment in Brazil
Jul 3 14
Mosaic plans expansion and investment in Brazil. The company plans to invest USD 300 million in upgrades and new partnerships in Brazil in the next five years.
The Mosaic Company Announces Management Changes, Effective June 1, 2014
May 29 14
The Mosaic Company announced that its President and Chief Executive Officer, James T. Prokopanko, is taking an anticipated medical leave of absence for surgery to treat his previously disclosed cancer. The Board of Directors has named Lawrence W. Stranghoener, as Interim CEO during Mr. Prokopanko's absence, effective June 1, 2014. Mr. Stranghoener has served as company's Executive Vice President and Chief Financial Officer since the company's formation in 2004. The company also announced that Mr. Stranghoener intends to retire at the end of 2014 and that the Board has named Richard L. Mack, 46, Executive Vice President and Chief Financial Officer effective June 1, 2014. Mr. Stranghoener has served as Mosaic's Executive Vice President and Chief Financial Officer since the company's formation in 2004. Upon Mr. Prokopanko's return, Mr. Stranghoener will serve as Executive Vice President -- Strategy and Business Development until his retirement date and will focus on ensuring a smooth transition of his CFO duties to Mr. Mack and on advancing company's strategic objectives. After Mr. Stranghoener's retirement, his business development and strategy responsibilities will be assumed by Mr. Mack. Mr. Mack, currently Executive Vice President, General Counsel and Corporate Secretary, has served as company's General Counsel since the company's launch in 2004 and has 20 years of experience in the crop nutrition industry. In the decade prior to company's formation, he served in various capacities at Cargill, Incorporated, where he played an instrumental role in the negotiations that created Mosaic and served as a founding executive of the company.
The Mosaic Company Appoints Denise Johnson to the Board of Directors
May 20 14
The Mosaic Company announced that Denise Johnson, Vice President of the Integrated Manufacturing Operations Division at Caterpillar Inc., has been elected to the company's Board of Directors. Ms. Johnson joined Caterpillar in 2011 and initially served as the general manager of special products within Caterpillar's Reman & Components Division, where she had global responsibility for 17 facilities.
The Mosaic Company Approves Amendment to Certificate of Incorporation
May 19 14
The Mosaic Company announced that the shareholders at its Annual Meeting held on May 15, 2014 approved an amendment to the company’s Certificate of Incorporation to declassify the Board of Directors.
Mosaic Declares Quarterly Dividend, Payable on June 19, 2014
May 15 14
The Mosaic Company announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the company's common stock. The dividend will be paid on June 19, 2014, to stockholders of record as of the close of business on June 5, 2014.