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Posted 29 August, 2023

MOSAIC CO appointed Mr. Bodine as new CEO

NYSE:MOS appointed new Chief Executive Officer Mr. Bodine in a 8-K filed on 29 August, 2023.


  (b)(c) On August 29, 2023, The Mosaic Company ("Mosaic") announced that (i) effective August 29, 2023, James ("Joc") C. O'Rourke resigned as Mosaic's President; (ii) effective December 31, 2023, Mr. O'Rourke will resign as Mosaic's Chief Executive Officer, and become a Senior Advisor to Mosaic until his planned retirement in mid-2024; (iii) effective on the date of Mr. O'Rourke's resignation as President of Mosaic, the Board of Directors ("Board") of Mosaic has elected Bruce M. Bodine, currently Mosaic's Senior Vice President - North America, as President; and (iv) effective as of January 1, 2024, Mosaic has elected Mr. Bodine as Chief Executive Officer.  

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Overview of MOSAIC CO
Basic Materials/Resources • Chemicals
The Mosaic Co. engages in the production and marketing of concentrated phosphate and potash crop nutrients. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment is involved in the ownership and operation of mines and production facilities which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants which produce concentrated phosphate crop nutrients. The Potash segment includes mining, processing, and selling potash. The Mosaic Fertilizantes segment focuses on mines, chemical plants, crop nutrient blending and bagging facilities, port terminals, and warehouses. The company was founded on March 25, 2004 and is headquartered in Tampa, FL.
Market Cap
$10.1B
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MOSAIC CO by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


(b)(c) On August 29, 2023, The Mosaic Company ("Mosaic") announced that (i) effective August 29, 2023, James ("Joc") C. O'Rourke resigned as Mosaic's President; (ii) effective December 31, 2023, Mr. O'Rourke will resign as Mosaic's Chief Executive Officer, and become a Senior Advisor to Mosaic until his planned retirement in mid-2024; (iii) effective on the date of Mr. O'Rourke's resignation as President of Mosaic, the Board of Directors ("Board") of Mosaic has elected Bruce M. Bodine, currently Mosaic's Senior Vice President - North America, as President; and (iv) effective as of January 1, 2024, Mosaic has elected Mr. Bodine as Chief Executive Officer. Upon the effectiveness of Mr. Bodine's election as President, he will cease to be Mosaic's Senior Vice President - North America.


Mr. Bodine, age 52, has served as Mosaic's Senior Vice President - North America since April 1, 2020. From January 1, 2019 until his appointment as Senior Vice President - North America, Mr. Bodine was Mosaic's Senior Vice President - Phosphates and also provided executive oversight for the corporate procurement organization from January 1, 2019 through March 31, 2020. Prior to that, Mr. Bodine served as Senior Vice President - Potash (from June 2016 to December 31, 2018); as Vice President - Potash (from April to May 2016); as Vice President - Supply Chain (from August 2015 to March 2016); as Vice President - Operations Business Development (from October 2014 to August 2015); as Vice President - Operations for our Esterhazy and Colonsay potash production facilities (from July 2013 to October 2014); as the General Manager, Esterhazy (from September 2012 to June 2013); and as the General Manager, Four Corners (from March 2010 to August 2012). Before that, Mr. Bodine held various plant and mine development management positions in the Phosphates segment beginning with Mosaic's formation in 2004. Mr. Bodine also serves as a director of MVM Resources International, B.V., the general partner of Compañia Minera Miski Mayo S.R.L., the joint venture that operates the Miski Mayo phosphate mine in Peru in which Mosaic holds a 75% interest. 


At Mosaic's 2023 annual meeting of stockholders held on May 25. 2023, Mr. O'Rourke was re-elected to the Board for a term of one year expiring at Mosaic's 2024 annual meeting of stockholders. Mr. O'Rourke has tendered his resignation from the Board effective December 31, 2023. Mr. Bodine will not serve on any committees of the Board.


There has been no change in Mr. Bodine's or Mr. O'Rourke's compensation.


(d) On August 29, 2023, the Board expanded the size of the Board from 11 to 12 seats, and elected Mr. Bodine to fill the newly created vacancy and serve as a director of Mosaic for a term expiring at the 2024 annual meeting of stockholders.


As an employee director, Mr. Bodine will receive no director fees or other separate compensation for service on the Board or any committee of the Board for the period during which he is an employee.