Mining giant Mosaic will leave Minnesota for Hillsborough County.
TAMPA — The Mosaic Company announced Monday it intends to move its corporate headquarters, including its senior executive team, to Hillsborough County.
Details of the move — including timing, the exact location of the corporate office and the number of employees to be relocated — have yet to be disclosed.
Mosaic’s corporate operations are currently based in Plymouth, Minn., but the company’s largest domestic presence is in Florida, where it employs 3,000 people and has a payroll of $465 million. The Fortune 500 company is one of the world’s leading producers of mined phosphate, as well as potash — both vital plant nutrients.
“Mosaic is among the largest employers and most significant corporate economic drivers in central Florida,” states Joc O’Rouke, the company’s president and CEO, in a press release. “We believe locating our corporate office there will give us opportunities to amplify Mosaic’s presence and engage more closely with communities where we operate. With the cost savings we expect to achieve and the closer proximity to our Mosaic Fertilizantes business in Brazil, this move will drive improved efficiency and good value.”