CEO has cancer, plans to stay on job
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[March 21, 2014]
By Rod Nickel
(Reuters) — Mosaic Co <MOS.N> Chief Executive Jim Prokopanko has
been diagnosed with cancer, but plans to continue in his role, the
U.S. fertilizer company said on Thursday.
Prokopanko is undergoing chemotherapy and said in a statement that
he will work a regular schedule as CEO but limit his travel during
the coming months.
"While this is a serious matter, the good news is that I'm feeling
well and my doctors have informed me that I was diagnosed at an
early stage," he said.
The company provided no details on the type of cancer Prokopanko is
Mosaic, the world's biggest producer of finished phosphate products
and a major potash miner, on Monday completed its $1.4 billion
acquisition of CF Industries' <CF.N> phosphate business. It is
carrying out roughly $3 billion worth of share buybacks.
Mosaic's management will continue to advance the strategic direction
set by Prokopanko and the board, Chairman Robert Lumpkins said.
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Shares of the Plymouth, Minnesota-based company dipped 0.4 percent
after normal trading hours in New York. The stock had finished
slightly higher in regular NYSE at $49.04.
(Reporting by Rod Nickel in Winnipeg,
Manitoba; editing by David
Gregorio and Leslie Adler)
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