Stauffer has a background in agriculture and special expertise in fertilizers and balanced fertilization practices, which have been of use to Gensource as it sought out the right markets and partners within the fertilizer industry. He originally joined the company’s board in October 2015.
Gensource has a standing age restriction policy, making those who have reached the age of 75 ineligible for nomination as a director. As Stauffer has now reached that milestone, he has retired, making room for new directors.
The President and CEO of Gensource, Mike Ferguson, said: “We are thankful to Mark for his contributions and guidance over the past almost three years, during which time the company really established itself as a credible potential new potash producer based on its fundamental business plan. Mark’s insights and ability to work within the group helped Gensource accomplish what is has to date. Thank you, Mark, and all the best in retirement!”