The team of professionals at Michigan Potash & Salt Company has 280 years of combined experience in the industry.
THEODORE A. PAGANO
FOUNDER AND CORPORATE EXECUTIVE OFFICER (P.G., P.E)
Mr. Pagano is a potash geologist and certified professional engineer with extensive experience in investment decision analysis as it concerns natural resource exploration and development. He has comprehensive knowledge of potash exploration and solution mining production methods. Prior to founding Michigan Potash & Salt Company, LLC, Mr. Pagano was the co‐founder of Dakota Salts, LLC, a potash exploration endeavor based in North Dakota; whereby, Pagano established the State’s first public potash lease, auction, core test, tax basis, and legislative requirements for potash exploration and production.
Mr. Pagano’s relevant experience includes over 17 years of natural resource development with positions of significant responsibility at Texaco, Chevron, Kerr‐ McGee, and Anadarko Petroleum. He has been responsible for natural resource development in Michigan, Alaska, Texas, New Mexico, Utah, Colorado, Wyoming, North Dakota, South Dakota, and Oklahoma. He is well published in his art.
Ted is Native American, of Aleut descent. His great grandfather was Chief of the island of Attu. He is an Indian Fellow, haven obtained his undergraduate degree on a full Merit scholarship to study natural resources.
Ted is a graduate of the 4 year Catholic Biblical School and 2 year Catechetical School.
B.S. Geological Sciences from the University of Notre Dame. M.S. Petroleum Engineering Colorado School of Mines.
CHIEF OPERATING OFFICER
Jeff Kummer is the Chief Operating Officer of Michigan Potash & Salt Company.
Jeff joined MPSC in 2020, making a pivot from a successful career in the oil and gas industry. Over the past 15 years, Jeff has led the growth and successful divestment of companies in the E&P, midstream, and oilfield services sectors. Most recently, he founded and led the growth of a mineral management technology application, MineralTracker, which was divested to a large regional financial institution. Early in his career, Jeff worked for EOG Resources, in his home state of North Dakota.
As a leader in business, as well as his community, Jeff has served as Chairman of the University of North Dakota Petroleum Engineering Advisory Committee and as Vice Chairman of the North Dakota Oil and Gas Research Council, as appointed by Governor Dalrymple. Jeff was honored as a recipient of Oil and Gas Investor’s 20 under 40 award in 2013. He and his wife are active Legatus members.
Jeff holds a B.S. Petroleum Engineering degree from the Colorado School of Mines.
CHIEF DEVELOPMENT OFFICER
Cory Christofferson is the Chief Development Officer of Michigan Potash & Salt Company.
Cory joined MPSC in 2020, making a pivot from a successful career in the oil and gas industry. Cory is entrepreneurial minded with significant expertise in energy transactions. His diverse background across private equity as well as public and private energy companies includes production operations, reservoir engineering, deal valuation and execution, business strategy, fundraising, and board representation.
Cory recently served as Managing Director and Investment Committee Member for Kayne Anderson Capital Advisors in Houston, Texas. In that role he was a Board member for several private energy companies with upstream and midstream oil and gas assets across North America. As a Member of the Investment Committee, he evaluated and voted on major capital decisions, portfolio construction, acquisitions, development, divestitures, and private equity fundraising strategy.
Before joining Kayne in 2015, Cory was Senior Vice President, Reservoir & Production Engineering for Goodrich Petroleum Corp. (GDP). In this role he led GDP’s production operations, reservoir engineering, and business development activities. Cory began his career with Chevron USA in Houston, Texas where he managed technical exploration and development teams and projects across North America.
Cory served as President of the East Texas Gas Producer’s Association and is the former Chairman of the Lambda Chi Alpha Houston Alumni Association. He has been active as a fund-raising organizer for St. Jude Children’s Hospital, the United Way and was a Mentor for the Joe Charles Mentor Leadership Program.
Cory holds a B.S. in Chemical Engineering, graduating with honors, from Montana State University.
SCOTT ST. GERMAINE
PRESIDENT OF OPERATIONS
Mr. St. Germaine is a subsurface and manufacturing potash and salt expert, with comprehensive technical knowledge as it concerns subsurface Michigan potash solution mining, and surface evaporation, crystallization, and co-generation. He has over 28 years in subsurface and surface potash operations. Up until 2011, he was the Mosaic Hersey Production Manger, where he held that position for six years. Prior, he was the Mosaic Hersey Capital Investment Manager.
EXECUTIVE VICE PRESIDENT, PRODUCTION
Mr. Millward has over 43 years in potash solution mining and manufacturing operations. He has served his entire career with Mosaic and its predecessors and has experience in all respects of solution mining and processing of potash and salt, both in Saskatchewan and Michigan. He served a significant tenor at the Mosaic Belle Plaine potash facility, until his transfer to the Mosaic Hersey Potash Facility, where he lastly served as the Mosaic Hersey Production Manager for Salt manufacturing, processing, and sales. Saskatchewan Institute of Applied Arts and Sciences, 1969.
EXECUTIVE VICE PRESIDENT, POTASH MARKETS AND BUSINESS DEVELOPMENT
Mr. Forquer is a second generation fertilizer sales and distribution expert. He has over 35 years in potash and fertilizer marketing in the Mid‐west. Beginning in 1984 and until 2006, he was responsible for marketing, selling and distributing potash into every state east of the Mississippi River on behalf of the Michigan Hersey Potash facility for its owners, Mosaic, IMC Global, and Kalium. As Regional Sales Manager for Mosaic, he had successfully grown the Michigan market from 6,000 tons/year to 400,000 tons/year, even when the Hersey potash facility was only capable of 160,000 tons/year. He has additional regional sales and distribution experience as an independent, and for Oxbow Fertilizer, Gavillon Fertilizer, Willber‐Ellis, Agra Land, Mobark, and USS Agri‐ Chemicals. B.S. Business Administration, Central Michigan University, 1978.
EXECUTIVE VICE PRESIDENT, SALT MARKETS AND BUSINESS DEVELOPMENT
Mr. Fauster is a salt distribution and marketing expert with a financial background in food and commodities. He has over 18 years in salt logistics, sales, finance, and business development. He has purchased salt from the Mosaic Hersey Facility for numerous years and comprehensively understands the demand and supply characteristics of the greater salt markets, in water softening, food, ice melt, agricultural, industrial, and brine. He is the CEO of a current salt player with far reaching influence throughout the Midwest, great lakes, east and south‐east markets. B.A. Hillsdale College,1993.
VP OF OPERATIONS AND COMMISSIONING
Mr. Janotta is a expert in solution mining crystallization, product drying, process troubleshooting, pond management, screening, chemical engineering, evaporation, compacting technologies, commissioning and operational readiness, potash sales and marketing, and change management. He was responsible for all commissioning and trouble shooting at the Mosaic Company, and commissioned Hersey in 1997. Mr. Janotta was also responsible for all industrial product specification and product management for the major industrial clients of potash worldwide.
ENGINEERING DESIGN AND OPERATIONS
Mr. Nielsen is an evaporation and crystallization expert with an emphasis on the extractive industries, including potash and salt. Mr. Nielsen has designed and erected and commissioned all types of evaporator and crystaillzer systems, having been the Crystallizer Department Manager and Director of Technology at Swenson Technologies for over 20 Years. Mr. Nielsen has been in virtually every evaporation and crystallization facility worldwide and is one of the foremost experts for complex design, trouble shooting, and commissioning of advanced facilities. He has over 38 years in process engineering design and operations. B.S. Chemical Engineering. B.S. Computer Science, Minor in Chemistry, Iowa State University 1977.
EXECUTIVE VICE PRESIDENT FINANCE
Mr. Latimer is a career investment banker, having spent 20 years within the investment grade, leveraged finance, stressed, distressed and structured credit markets. Mr. Latimer’s relevant experience includes leadership positions at Highland Capital Management and UBS Securities, LLC. B.A. Finance, School of Business from the University of Notre Dame, 1993.