Leadership & Pay ·
Mosaic appoints Walter F. Precourt III as new Executive Vice President - Operations
MOSMosaic Co
The Mosaic Company announced that Executive Vice President - Operations Karen A. Swager will retire effective December 1, 2026, transitioning to a Senior Advisor role until her final retirement in the second quarter of 2027 while retaining current compensation and benefits. The Board appointed Walter F. Precourt, III as the new Executive Vice President - Operations effective December 1, 2026. Mr. Precourt’s compensation package includes a $710,000 annual base salary, an 85% target bonus under the Management Incentive Plan for 2027, and a long-term incentive award valued at $1,725,000 comprising restricted stock units and total shareholder return performance units. Additionally, he will receive a one-time promotional equity award with a grant-date fair value of $300,000 vesting over three years. The Mosaic Company operates in the agricultural nutrients industry, producing phosphate and potash fertilizers.