Mosaic to relocate headquarters to Florida, USA
The Mosaic Company intends to move its corporate headquarters, including senior executives and related functions, to Hillsborough County, Florida. Details of the move, including timing, the exact location of the corporate office and the number of employees to be relocated, remain under consideration.
"Mosaic is among the largest employers and most significant corporate economic drivers in Central Florida," said President and CEO Joc O'Rourke. "We believe locating our corporate office there will give us opportunities to amplify Mosaic's presence and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value."
The move will allow Mosaic to reconsider its US office footprint, including its spaces in Plymouth, Minnesota, as well as its FishHawk and Highland Oaks locations in Florida. As a result of the company's transformation over the past several years, excess capacity exists at those locations.
"We will execute this move with as little disruption as possible and with sensitivity to our employees' personal situations," Mr O'Rourke said. "Mosaic is fortunate to have a deeply talented workforce, and we fully intend to maintain that competitive advantage."