Mosaic Names Walter Precourt Operations Chief as Karen Swager Plans Retirement

Karen Swager will resign as Mosaic’s Executive Vice President of Operations on December 1, 2026, become a senior advisor, and retire in the second quarter of 2027 while continuing to receive current cash compensation and management benefits. Walter Precourt will succeed her effective December 1 with an annual salary of $710,000, a 2027 target bonus of 85% of salary, and a $1.725 million long-term incentive award. He will also receive a one-time $300,000 restricted-stock award vesting over three years and remain covered by a severance and change-in-control agreement through March 31, 2029.