Mosaic Company
Mosaic Announces New CFO Appointment Effective January 2025
Summary
On November 8, 2024, Mosaic announced the retirement of its CFO Clint C. Freeland, effective December 31, 2024. In connection, Mosaic appointed Luciano Siani Pires as his successor, effective January 1, 2025. The Compensation and Human Resources Committee approved a compensation package for Mr. Siani Pires, including a base salary of $800,000, a target bonus under Mosaic's Management Incentive Plan equal to 90% of his base salary, and a long-term incentive award valued at $2,500,000.
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About Mosaic Company
Mosaic Company is a leading producer and marketer of concentrated phosphate and potash, two of the vital nutrients essential for crop production. As a key player in the agricultural sector, Mosaic’s primary role is to improve agricultural productivity by providing farmers with high-quality fertilizer solutions. The company caters to a broad market, including agricultural enterprises, retail customers, and wholesalers worldwide. Notable for its global operational reach, Mosaic operates large-scale mining and processing facilities in North America and also has significant international interests in countries like Brazil and India. The company's strategic significance lies in its contribution to ensuring food security by enhancing crop yields, making it indispensable to the food production supply chain. Mosaic’s operations not only support agricultural sustainability but also play a crucial economic role by participating in global trade markets of agricultural commodities.
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