The Mosaic Company today announced that it intends to move its corporate headquarters from a suburb of Minneapolis, Minnesota, to the Tampa, Florida, area. Details of the move – including timing, the exact location of the corporate office and the number of employees to be relocated — remains “under consideration,” according to a Mosaic press release.
The transition will include senior executives and related executive functions, the release noted.
For right now, Mosaic says the new HQ will be located in Hillsborough County, Florida, which includes the Tampa and St. Petersburg metropolitan areas.
Mosaic already is among the largest employers in central Florida, according to the company’s announcement. The move puts corporate operations closer to Latin America. The company’s recent acquisition of Brazilian-base Vale Fertilizantes doubled the size of its workforce and significantly increased its presence in Brazil.
“Mosaic is among the largest employers and most significant corporate economic drivers in Central Florida,” said President and CEO Joc O’Rourke. “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.”
The move will allow Mosaic to reconsider its U.S. office footprint, including its spaces in Plymouth, Minnesota, as well as its FishHawk and Highland Oaks locations in Florida. As a result of the company’s transformation over the past several years, excess capacity exists at those locations.
“We will execute this move with as little disruption as possible and with sensitivity to our employees’ personal situations,” O’Rourke said. “Mosaic is fortunate to have a deeply talented workforce, and we fully intend to maintain that competitive advantage.”