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Mosaic: Lawrence W. Stranghoener interim CEO

Plymouth, Minn., USA | Friday May 30, 2014 8:27AM ET

Lawrence W. StranghoenerThe Mosaic Company announced that its president and CEO, James T. Prokopanko, is taking an anticipated medical leave of absence, and that it has named Lawrence W. Stranghoener interim CEO, effective June 1, 2014.


Mr. Prokopanko became President and Chief Executive Officer of The Mosaic Company in 2007. He joined Mosaic as Executive Vice President and Chief Operating Officer in 2006. Previously, Mr. Prokopanko was a Corporate Vice President at Cargill, Inc., where he had executive responsibility for procurement and served as a leader of the Cargill Ag Producer Services Platform.

After joining Cargill in 1978, he served in a wide range of leadership positions, including Vice President of the North American crop inputs business. During his Cargill career, he was engaged in retail agriculture businesses in Canada, the United States, Brazil, Argentina and the United Kingdom.

In addition to his role as President and CEO of Mosaic, Mr. Prokopanko serves on the board of directors for Mosaic, Canpotex, the Carlson School of Management at the University of Minnesota, the Children’s Hospitals and Clinics of Minnesota, the Fertilizer Institute and the International Plant Nutrition Institute.

Mr. Stranghoener, Chief Financial Officer, joined The Mosaic Company in 2004. Prior to joining Mosaic, he served as Executive Vice President and Chief Financial Officer at Thrivent Financial for Lutherans. Before that, he spent 17 years at Honeywell, Inc. where he served in a variety of positions in the United States and Europe, including three years as Chief Financial Officer.

Mr. Stranghoener started his career as an Investment Analyst at Dain Rauscher. He serves on the board of directors for Kennametal Inc., Aleris International, Inc. and Aleris Holding Company. He holds a bachelor’s degree from St. Olaf College and an MBA from Northwestern University.

Mosaic also announced that Mr. Stranghoener intends to retire at the end of 2014 and that the Board has named Richard L. Mack Executive Vice President and Chief Financial Officer effective June 1, 2014.

Mr. Mack, Executive Vice President, has served as Mosaic's General Counsel since the company’s launch in 2004. In the decade prior to Mosaic's formation, he served in various legal capacities at Cargill, Inc., and was a founding executive of Mosaic and Cargill Ventures. At Mosaic, he also provides executive oversight to Mosaic's land development and permitting organizations.

Mr. Mack has significant experience in mergers, acquisitions, joint ventures and equity transactions. He is a member of the Minnesota State Bar, the Florida Council of 100 and serves on the board of trustees at Hamline University.

Mr. Mack 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.

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. End of Article

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