Mosaic CEO Prokopanko To Take Medical Leave; Stranghoener Named Interim CEO; Mack Named CFO

 Mosaic CEO Prokopanko To Take Medical Leave; Stranghoener Named Interim CEO;
                                Mack Named CFO

Prokopanko expected to return from medical leave this summer

PR Newswire

PLYMOUTH, Minn., May 29, 2014

PLYMOUTH, Minn., May 29, 2014 /PRNewswire/ --The Mosaic Company (NYSE:MOS)
announced today that its President and Chief Executive Officer, James T.
Prokopanko, is taking an anticipated medical leave of absence for surgery to
treat his previously disclosed cancer. The Board of Directors has named
Lawrence W. Stranghoener, 60, Interim CEO during Mr. Prokopanko's absence,
effective June 1, 2014. Mr. Stranghoener has served as Mosaic's Executive Vice
President and Chief Financial Officer since the company's formation in 2004.

The Mosaic Company logo.

"It is in Mosaic's best interest, and mine, that I focus on my health during
the six- to eight-week period that my doctors tell me I should expect to be
out of the office for surgery and recovery," Mr. Prokopanko said. "This
surgery has been part of the original plan laid out by my medical team and I
am eager to take this next important step in my treatment. Larry is an
outstanding leader who enjoys the deep respect of our employees and other
stakeholders. I will make myself available to him and the rest of our
management team, as needed, during my leave. I am looking forward to actively
re-engaging in the day-to-day activities of the business once I have recovered
from surgery."

"The entire Board continues to wish Jim the very best and is grateful for his
thoughtful and open approach," said Robert L. Lumpkins, Chairman of Mosaic's
Board of Directors. "We have great confidence in Jim, Larry and the rest of
the talented management team. We are looking forward to Jim's full-time return
to Mosaic this summer."

Mosaic also announced today that Mr. Stranghoener intends to retire at the end
of 2014 and that the Board has named Richard L. Mack, 46, Executive Vice
President and Chief Financial Officer effective June 1, 2014. Upon Mr.
Prokopanko's return, Mr. Stranghoener will serve as Executive Vice President –
Strategy and Business Development until his retirement date and will focus on
ensuring a smooth transition of his CFO duties to Mr. Mack and on advancing
Mosaic's strategic objectives. After Mr. Stranghoener's retirement, his
business development and strategy responsibilities will be assumed by Mr.
Mack.

Mr. Mack, currently Executive Vice President, General Counsel and Corporate
Secretary, has served as Mosaic's General Counsel since the company's launch
in 2004 and has 20 years of experience in the crop nutrition industry. In the
decade prior to Mosaic's formation, he served in various capacities at
Cargill, Incorporated, where he played an instrumental role in the
negotiations that created Mosaic and served as a founding executive of the
company. In addition to his general counsel responsibilities, Mr. Mack
provides oversight of the company's phosphate mine permitting and land
activities, heads Mosaic's enterprise risk management initiatives, serves on
the board of directors of Ma'aden Wa'ad Al Shamal Phosphate Company and
envisioned and leads Streamsong Resort. He holds a bachelor's degree in
accounting from Minnesota State University-Moorhead, a Juris Doctor from
Hamline University School of Law and an MBA from the Kellogg School of
Management at Northwestern University.

"I am very proud of the exceptional team and business we have built over the
past decade at Mosaic and appreciate Jim's and the Board's confidence in me,"
Mr. Stranghoener said. "Rich will be an excellent CFO for this company. He is
a gifted strategic thinker, has been an exceptional partner on virtually every
important finance matter impacting Mosaic over the past 10 years and has a
proven talent for getting things done. I am honored to step in until Jim's
return. I look forward to supporting Rich's transition into his new role and
then enjoying the opportunity to spend more time with my family and pursuing
my other passions during retirement."

"Larry is leaving very big shoes to fill," said Mr. Mack. "His leadership has
been integral to every meaningful step Mosaic has taken – from our
newly-formed, non-investment grade days to the fully-independent,
high-performing company we are today, focused on growth and creating
shareholder value. I am looking forward to his continued good counsel and
appreciate the confidence of the Board, Jim and the rest of Mosaic's
leadership team."

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of
concentrated phosphate and potash crop nutrients. Mosaic is a single-source
provider of phosphate and potash fertilizers and feed ingredients for the
global agriculture industry. More information on the company is available at
www.mosaicco.com.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements include,
but are not limited to, statements about the acquisition and assumption of
certain related liabilities of the Florida phosphate assets of CF Industries,
Inc. ("CF") and the ammonia supply agreements with CF; the benefits of the
transactions with CF; repurchases of stock; other proposed or pending future
transactions or strategic plans and other statements about future financial
and operating results. Such statements are based upon the current beliefs and
expectations of The Mosaic Company's management and are subject to significant
risks and uncertainties. These risks and uncertainties include but are not
limited to risks and uncertainties arising from difficulties with realization
of the benefits of the transactions with CF, including the risks that the
acquired assets may not be integrated successfully or that the cost or capital
savings from the transactions may not be fully realized or may take longer to
realize than expected, or the price of natural gas or ammonia changes to a
level at which the natural gas based pricing under one of the long term
ammonia supply agreements with CF becomes disadvantageous to Mosaic; customer
defaults; the effects of Mosaic's decisions to exit business operations or
locations; the predictability and volatility of, and customer expectations
about, agriculture, fertilizer, raw material, energy and transportation
markets that are subject to competitive and other pressures and economic and
credit market conditions; the level of inventories in the distribution
channels for crop nutrients; changes in foreign currency and exchange rates;
international trade risks and other risks associated with Mosaic's
international operations and those of joint ventures in which Mosaic
participates, including the risk that protests against natural resource
companies in Peru extend to or impact the Miski Mayo mine; changes in
government policy; changes in environmental and other governmental regulation,
including greenhouse gas regulation, implementation of numeric water quality
standards for the discharge of nutrients into Florida waterways or possible
efforts to reduce the flow of excess nutrients into the Mississippi River
basin or the Gulf of Mexico; further developments in judicial or
administrative proceedings, or complaints that Mosaic's operations are
adversely impacting nearby farms, business operations or properties;
difficulties or delays in receiving, increased costs of or challenges to
necessary governmental permits or approvals or increased financial assurance
requirements; resolution of global tax audit activity; the effectiveness of
the Company's processes for managing its strategic priorities; the ability of
the Northern Promise joint venture among Mosaic, Ma'aden and SABIC to obtain
project financing in acceptable amounts and upon acceptable terms, the future
success of current plans for the joint venture and any future changes in those
plans; adverse weather conditions affecting operations in Central Florida, the
Mississippi River basin, the Gulf Coast of the United States or Canada, and
including potential hurricanes, excess heat, cold, snow, rainfall or drought;
actual costs of various items differing from management's current estimates,
including, among others, asset retirement, environmental remediation,
reclamation or other environmental regulation, Canadian resources taxes and
royalties, the liabilities Mosaic assumed in the Florida phosphate assets
acquisition or the cost of Mosaic's commitments to repurchase its stock;
reduction of Mosaic's available cash and liquidity, and increased leverage,
due to its use of cash and/or available debt capacity to fund share
repurchases, financial assurance requirements and strategic investments; brine
inflows at Mosaic's Esterhazy, Saskatchewan, potash mine or other potash shaft
mines; other accidents and disruptions involving Mosaic's operations,
including potential mine fires, floods, explosions, seismic events or releases
of hazardous or volatile chemicals, as well as other risks and uncertainties
reported from time to time in The Mosaic Company's reports filed with the
Securities and Exchange Commission. Actual results may differ from those set
forth in the forward-looking statements.

Logo - http://photos.prnewswire.com/prnh/20060331/MOSAICLOGO

SOURCE The Mosaic Company

Website: http://www.mosaicco.com
Contact: Media, Ben Pratt, The Mosaic Company, 763-577-6102,
benjamin.pratt@mosaicco.com; Investors, Laura Gagnon, The Mosaic Company,
763-577-8213, investor@mosaicco.com
 
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