K+S Announces New Leadership Team

04-Mar-2011 - Canada

K+S Aktiengesellschaft is pleased to announce that Richard L. Wilson, formerly Vice President, Manufacturing for Morton Salt, has been appointed as Chief Executive Officer of Potash One Inc. (“Potash One”) effective March 1, 2011. Mr. Wilson is replacing Alexa Hergenröther, Head of Corporate Development at K+S Aktiengesellschaft, who was the Chief Executive Officer for an interim period.

Richard L. Wilson is a forty year veteran of Morton Salt and has broad experience in solution mining and processing. In his new role, Mr. Wilson will lead the management team based in Saskatoon, Canada, that is focused on the implementation of the Legacy Project, a planned K+S potash solution mining facility in Saskatchewan.

The position of Chief Financial Officer of Potash One will continue to be held by Luis E. Mendoza, who was previously the Vice President of K+S North America.

Mike Ferguson, formerly Vice President, Projects at Potash One, will continue to act as Senior Vice President and Project Manager of Potash One. Erika Ritchie will continue to retain her position as Vice President Environmental & Regulatory Affairs of Potash One. Dr. Franz Xaver Spachtholz, formerly Head of General Mining Division at K+S Aktiengesellschaft, has been appointed as Vice President Engineering of Potash One.

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