Dino Fuoco, Chief Financial Officer and Corporate Secretary, announced that he will be leaving the Arianne Phosphate Inc. on July 3, 2015 to return to private practice. In the interim, Mr. Fuoco's role will be filled by James Cowley. Mr. Cowley, who currently sits on the Board of Arianne, is also a member of the audit committee.

Mr. Cowley had previously served as President of Arianne from August of 2011 until August of 2014.