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Mosaic announces senior leadership change

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World Fertilizer,

Mosaic Co. has announced that Rich Mack will step down as Executive Vice President and Chief Financial Officer and officially leave the company in May this year.

Anthony T. Brausen will serve as Senior Vice President – Finance and interim CEO, effective immediately, until someone is chosen to fill the position on a permanent basis. Brausen will also serve as the company’s designated principal accounting officer. He has led Mosaic’s accounting, financial analysis and reporting, treasury, tax, information technology and business unit finance teams.

The President and CEO of Mosaic, Joc O’Rourke, said: “On behalf of Mosaic’s Board of Directors and our Senior Leadership Team, I would like to thank Rich for his 24 years of dedicated service and his contribution to many aspects of the company, from his Cargill years prior to Mosaic’s formation through the very promising Vale Fertilizantes acquisition.

“Rich advanced many strategic initiatives for Mosaic and conducted himself and led the CFO organisation with the highest ethical standards and integrity. Rich has a broad network and is well respected at Mosaic and by outside constituents. We wish him all the best in his future endeavours.

“We are pleased to have Tony serve as interim CFO, and he will continue in an advisory capacity to the permanent CFO.

“Rich has agreed to continue to provide leadership and oversight of Mosaic’s investment in Streamsong Resort® through 2019, as an employee through May 2018 and then pursuant to a management services agreement. During this period, Rich will continue to focus on the ramp up of the resort to its full potential. Rich was the vision and driving force behind this innovative investment, an investment that has grown from an idea to a world-renowned golf destination and resort. Rich’s passion and commitment to Streamsong will bring continuity and success to the resort.”

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