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Larry Stranghoener Named Executive Vice President and Chief
Financial Officer of The Mosaic Company
MINNEAPOLIS and CHICAGO, Sept. 7 /PRNewswire-FirstCall/ -- Lawrence W.
Stranghoener has been named Executive Vice President and Chief Financial
Officer of The Mosaic Company. Stranghoener will become the first CFO of
Mosaic, the recently named Minneapolis-based crop nutrition company to be
formed upon the closing of the combination of Cargill Crop Nutrition, a
business unit of Cargill, Incorporated, and IMC Global Inc. (NYSE:IGL).
Stranghoener, 50, is currently Executive Vice President and Chief Financial
Officer of Thrivent Financial where he has had responsibilities over Thrivent's
investments, finance and related functions for the past 3-1/2 years.
Stranghoener will have overall responsibility for the global financial affairs
of The Mosaic Company.
Prior to joining Thrivent, Stranghoener worked for over 17 years in various
senior management positions with Honeywell, Inc. in the United States and
Europe, including as vice president and chief financial officer, vice president
of business development, vice president of finance and director of investor
relations. A native of Appleton, Wis., Stranghoener earned a bachelor's degree
in American Studies from St. Olaf College and received his M.B.A. from the J.L.
Kellogg Graduate School of Management from Northwestern University, Evanston,
Ill. Stranghoener holds the professional designation Chartered Financial
Analyst (CFA).
IMC Global and Cargill are working cooperatively with the Securities and
Exchange Commission to obtain effectiveness of a definitive proxy
statement/prospectus to be mailed to common shareholders of record with respect
to the Mosaic transaction. IMC Global will establish a definitive date for the
special meeting of common shareholders and send the definitive proxy
statement/prospectus to common shareholders of record following receipt of such
effectiveness. Earlier, Cargill and IMC received notice from the United States
antitrust and Canada competition regulators informing the parties that the
transaction can be consummated as proposed.
About Cargill Crop Nutrition
Cargill Crop Nutrition is a business unit of Cargill, Incorporated, an
international provider of food, agricultural and risk management products and
services. With 101,000 employees in 60 countries, Cargill is committed to
using its knowledge and experience to collaborate with customers to help them
succeed. For more information, visit http://www.cargill.com/ or
http://www.cargillfertilizer.com/ .
About IMC Global Inc.
From multiple mines and plants in North America, IMC Global serves world
agriculture as the largest producer and marketer of concentrated phosphates and
potash crop nutrients. It also is a leading global provider of phosphorus and
potassium feed ingredients for the animal nutrition industry. IMC Global has
5,000 employees and customers in nearly 50 countries. With products essential
for life, IMC Global "feeds the land that feeds the world." For more
information, visit http://www.imcglobal.com/ .
About The Mosaic Company
Mosaic is expected to have pro forma, trailing annual revenues of about $4.7
billion. It will be the largest producer and marketer of concentrated phosphate
and potash crop nutrients. The new company will operate phosphate production
facilities in Florida and Louisiana in the United States and potash production
facilities in Saskatchewan, Canada, as well as in New Mexico and Michigan in
the United States. It also will be a 50 percent owner in Saskatchewan-based
Saskferco Products Inc., one of the world's most efficient nitrogen production
facilities; have equity interests in phosphate production facilities in the key
growth markets of Brazil and China; and operate key distribution facilities in
11 countries serving customers in 33 countries.
Not a Proxy Solicitation for IMC Global and Cargill Crop Nutrition Combination
This communication is not a solicitation of a proxy from any security holder of
IMC Global or Cargill, Incorporated. The Mosaic Company (formerly Global
Nutrition Solutions, Inc.) has filed a Registration Statement on Form S-4 with
the SEC containing a preliminary proxy statement/prospectus regarding the
proposed transaction. Stockholders are urged to read the definitive proxy
statement/prospectus regarding the proposed transaction when it becomes
available, because it will contain important information. Stockholders will be
able to obtain a free copy of the definitive proxy statement/prospectus, as
well as other filings containing information about Cargill and IMC Global,
without charge, at the SEC's Internet site ( http://www.sec.gov/ ). Copies of
the definitive proxy statement/prospectus and the filings with the SEC that
will be incorporated by reference in the definitive proxy statement/prospectus
can also be obtained, without charge, by directing a request to IMC Global
Inc., 100 South Saunders Road, Lake Forest, Illinois 60045-2561, Attention:
Douglas A. Hoadley, or by telephone at (847) 739-1200, email: , or to Cargill,
Incorporated, 15407 McGinty Road West, MS 25, Wayzata, Minnesota 55391,
Attention: Lori Johnson, or by telephone at (952) 742-6194, email: .
The respective directors and executive officers of Cargill and IMC Global and
other persons may be deemed to be participants in the solicitation of proxies
in connection with the proposed transaction. Information regarding such
persons and a description of their direct and indirect interests, by security
holdings or otherwise, is contained in the preliminary proxy
statement/prospectus contained in the above-referenced Registration Statement
on Form S-4 of The Mosaic Company (formerly Global Nutrition Solutions, Inc.)
filed with the SEC on April 8, 2004 and most recently amended on August 27,
2004.
DATASOURCE: IMC Global Inc.
CONTACT: Contacts: Gray Gordon of Cargill Crop Nutrition,
+1-813-671-6145, , or Douglas Hoadley of IMC Global
Inc., +1-847-739-1826,
Web site: http://www.imcglobal.com/
http://www.cargill.com/
http://www.cargillfertilizer.com/