PLYMOUTH, Minn., July 11 /PRNewswire-FirstCall/ -- The Mosaic Company
(NYSE: MOS) announced today that Jim Prokopanko will be named Executive Vice
President and Chief Operating Officer effective July 31, 2006. Prokopanko
currently serves as a Corporate Vice President of Cargill, Incorporated.
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"Jim's 25 years of experience in the crop nutrition industry makes him an
ideal choice to be Mosaic's Chief Operating Officer," said Fritz Corrigan,
President and Chief Executive Officer of Mosaic. "This position will
strengthen our organization. Jim's credentials, including his strong
leadership as a Director of Mosaic since our launch in October 2004, will
allow him to hit the ground running. Jim has not only helped address our
major issues, he's helped shape our strategy," Corrigan added.
Prokopanko, 52, will have day-to-day responsibilities for the production
and commercial teams and will report directly to Corrigan. Prokopanko also
will continue to serve as a Director of Mosaic.
"Today's announcement reflects the Board's intent to make certain that
Mosaic has the right resources to fulfill its vision of being a global leader
in the crop nutrition industry," said Robert L. Lumpkins, Chairman of Mosaic's
Board of Directors. "Jim's extensive expertise in the retail fertilizer and
distribution businesses, coupled with his solid track record of performance,
will position Mosaic to successfully compete in the global marketplace," added
Lumpkins.
In addition to serving on Mosaic's Board of Directors, Prokopanko also
serves on the Board of Directors of Saskferco Products Inc., a nitrogen-based
fertilizer company located in Saskatchewan in which Mosaic maintains a 50%
ownership interest.
Prokopanko joined Cargill Canada's Financial Information Services Group in
1978, where he worked on business expansions and acquisitions. From 1981 to
1983, Prokopanko led the development of Cargill's fertilizer retail business
in Western Canada. Following his work in Western Canada, Prokopanko held
various positions of increasing responsibility in Cargill's crop inputs
business in the United States and Canada. Prokopanko also helped develop
agriculture distribution businesses in Brazil, Argentina and the United
Kingdom.
Prokopanko received a Bachelor of Science degree in computer science and a
Bachelor of Commerce degree from the University of Manitoba, and a Masters in
Business Administration from the University of Western Ontario in London,
Ontario.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers
of concentrated phosphate and potash crop nutrients. For the global
agriculture industry, Mosaic is a single source for phosphates, potash,
nitrogen fertilizers and feed ingredients. More information on the company is
available at http://www.mosaicco.com .
SOURCE The Mosaic Company