Mosaic (MOS) Reveals Plan To Merge North America Operations
Zacks Investment Research | Mar 03, 2020 10:21PM ET
The Mosaic Company (NYSE:MOS) has declared its intentions to merge the company's phosphates and potash operations under one management team, effective Apr 1, 2020. The company expects this move to create new opportunities that will enable it to boost efficiencies by leveraging the synergies between the two organizations.
Mosaic’s current Phosphates business senior vice president, Bruce Bodine, will be leading the combined business from Tampa, FL.
Senior vice president of Potash business, Karen Swager, will be playing a new role and lead the company's North America supply chain, procurement and corporate environmental, health as well as safety. Mosaic is also exploring new, digital solutions, which have potential to transform these areas and deliver considerable value to external as well as internal stakeholders.
Notably, Mosaic stated that it will continue to report under its current business segments. The company is committed to financial transparency.
Shares of Mosaic have lost 43.1% in the past year compared with the Original post
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