- After around eight years in the position
- Praise and good wishes for O’Rourke
- Bruce Bodine taking over
- O’Rourke kept it short and said 44 words
(exechange) — Tampa, Florida, August 29, 2023 — Joc O’Rourke, chief executive of Mosaic, leaves his position. As announced by Mosaic Co. in a news release and in a regulatory filing published on Tuesday, August 29, 2023, James C. (Joc) O’Rourke leaves his post as chief executive officer at the producer of concentrated phosphate and potash crop nutrients, after around eight years in the role, effective December 31, 2023.
Joc O’Rourke’s duties as CEO will be taken over by Bruce M. Bodine, currently Senior Vice President – North America at Mosaic Co.
No reason given
In the announcement, Mosaic did not explicitly explain the reason for the move.
Precise information regarding Joc O’Rourke’s future plans was not immediately available.
“Retire”
Mosaic said: “Joc O’Rourke intends to retire.”
Share price increase since August 2018
The announcement follows an increase in Mosaic Co.’s share price of 30% since August 2018.
In the position of CEO since 2015
Joc O’Rourke became CEO of the Company in 2015.
O’Rourke relinquished the title of President effective immediately and will resign as CEO and a member of the Mosaic Board of Directors effective December 31, 2023, after which O’Rourke will serve as a Senior Advisor until mid-2024.
O’Rourke was appointed the Company’s President and Chief Executive Officer in August 2015.
He previously served as the Company’s Executive Vice President – Operations and Chief Operating Officer from August 2012 to August 2015 and as the Company’s Executive Vice President – Operations from January 2009 to August 2012.
Prior to joining Mosaic, O’Rourke was President, Australia Pacific for Barrick Gold Corporation, the largest gold producer in Australia, from May 2006 to December 2008, where he was responsible for the Australia Pacific Business Unit consisting of ten gold and copper mines in Australia and Papua New Guinea.
44 words by Joc O’Rourke
In the release announcing his departure as CEO of Mosaic Co., Joc O’Rourke received praise and good wishes.
In announcing his departure, Joc O’Rourke kept it short and said 44 words.
“Bruce will lead the company to still greater success”
Joc O’Rourke stated: “I am proud of Mosaic’s accomplishments over the past decade, and I know Bruce will lead the company to still greater success. It has been a tremendous privilege to serve as President and CEO alongside Mosaic’s thousands of exceptionally talented people around the world.”
Push-out Score for Joc O’Rourke’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that Joc O’Rourke was pushed out or felt pressure to leave his position.
exechange reached out to Mosaic and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 36.2023 ($).