May. 14, 2018
The Mosaic Company (NYSE: MOS) announced that Gregory Ebel has assumed the position of Chairman of the company's Board of Directors upon the conclusion of annual meeting of shareholders. Mr. Ebel succeeds Robert Lumpkins, who has served as Mosaic's Chairman since the company's inception in 2004. Mr. Lumpkins will continue as a director to ensure a smooth transition.
Mr. Ebel has served on the Board since 2012. He currently chairs the Corporate Governance and Nominating committee and also serves as a member of the Audit committee. Previously, Mr. Ebel served as Chairman, President and Chief Executive Officer of Spectra Energy Corp and as Chairman, President and Chief Executive Officer of Spectra Energy Partners until his retirement in February 2017. He also serves as a Director and Chairman of Enbridge, Inc.
"Mosaic and its board of directors have benefitted immensely from Bob's dedication, leadership and insight in his role as chairman," said Mr. Ebel. "Bob was instrumental in the transactions that formed Mosaic, and his deep knowledge of the fertilizer and agriculture industries helped build Mosaic into the thriving company it is today. I'm thankful that Bob will remain on the Board, and I welcome his experience and guidance in the year ahead."
Two additional changes to the board of directors occurred at today's annual meeting: James Popowich retired as a director, and Oscar Bernardes was newly elected to the board.
"On behalf of the entire board, I would like to extend my sincere gratitude to Jim Popowich," Mr. Ebel said. "Jim served with professional and personal passion, particularly in the areas of environmental, health and safety and sustainability. We will miss his depth of insight and technical knowledge regarding mining processes. We wish Jim all the best in his retirement."
Mr. Bernardes currently serves as Managing Partner, Yguapor Consultoria e Empreendimentos Ltd., a consulting and investment firm in San Paulo, Brazil. Previously, Mr. Bernardes was a managing partner at Integra Associados - Reestruturacao Empresarial Ltda., a consulting firm specializing in financial restructuring, governance and interim management in turnaround situations, also in San Paulo; chairman of TIW do Brasil, a Canadian telecommunications company; and Chief Executive Officer of Bunge International, a leading global agribusiness and food company. Mr. Bernardes brings important knowledge of Brazil and its agriculture industry to Mosaic and its Board of Directors, along with expertise in international operations and risk management.