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Compass Minerals (NYSE: CMP), a number one international supplier of important minerals, at the moment introduced the corporate’s board of administrators (the board) appointed 4 new administrators as a part of a board refreshment initiative.
Joe Reece, non-executive chair of the board, commented, “The addition of those administrators additional enhances the experience on the board to assist the corporate because it focuses on its core Salt and Plant Vitamin companies. Importantly, the additions convey extra particular area experience to assist the corporate’s back-to-basics technique. They carry deep data and expertise in industrial and manufacturing companies, and in some instances have direct expertise within the salt and plant vitamin industries. I am assured that they’ll complement our board and management group and assist speed up the progress being made to enhance the efficiency and profitability of the enterprise.”
Compass Minerals has expanded the dimensions of its board from eight to 12 administrators to accommodate these appointments.
Along with the brand new board appointments, the board has established an extra committee, the Capital Allocation and Technical (CAT) Committee, to additional assist the concentrate on the corporate’s core enterprise operations.
The newly appointed administrators had been recognized and chosen in reference to a search course of carried out by the Nominating/Company Governance (NCG) Committee, with the help of a third-party search agency.
Under are transient biographies of the newly appointed administrators:
- Russell Ball – Mr. Ball is a retired mining govt who presently gives consulting and advisory companies throughout the extractive industries. He brings greater than 30 years of mining expertise to the board, together with serving as president and CEO of Calibre Mining Company (now Equinox Gold) and govt vp and chief monetary officer of each Newmont Mining Company (Newmont) and Goldcorp Inc. (the latter subsequently acquired by Newmont). Mr. Ball will serve on the Audit Committee and grow to be its chair after the 2026 annual assembly. Moreover, Mr. Ball will serve on the CAT Committee.
- Denise Merle – Ms. Merle presently serves as senior vp, chief administration officer and chief human assets officer for Weyerhaeuser Firm, a world timber REIT and wooden merchandise manufacturing firm. In her over 25-year profession on the firm, she has held management positions overseeing human assets, finance and audit, and company governance and sustainability. Ms. Merle will serve on the Audit, NCG and Compensation Committees.
- Mark Roberts – Mr. Roberts is presently serving as working advisor at White Mountain Companions, Inc., a agency offering institutional capital to corporations within the important companies, gentle industrial and specialty shopper industries. He has practically 30 years of expertise main international salt and potash companies, together with serving as CEO at Morton Salt and chief working officer at Okay+S AG, a number one international potash producer. Mr. Roberts will serve on the Environmental, Well being, Security and Sustainability (EHS&S) Committee and can grow to be its chair after the 2026 annual assembly. Moreover, Mr. Roberts will serve on the NCG and CAT Committees.
- David Safran – Mr. Safran is presently president and CEO of Progressive Floor Options LP, a supplier of superior floor therapy applied sciences and options. He has 25 years of expertise in company finance and enterprise technique roles, together with serving because the CEO of Kissner Group, a North American producer and distributor of bulk rock salt and packaged specialty deicing merchandise. Mr. Safran will serve on the EHS&S and CAT Committees.
Present administrators representing the corporate’s largest shareholder, Koch Minerals & Buying and selling, LLC, a subsidiary of Koch, Inc. (Koch), Vance Holtzman and Shane Wagnon are anticipated to finish their present time period on the board and don’t intend to face for reelection on the firm’s 2026 annual assembly. In a press release from Mr. Holtzman and Mr. Wagnon, “Koch is supportive of the back-to-basics technique being pursued by Compass Minerals and the related concentrate on advancing organizational and operational efficiencies, enhancing profitability, and deleveraging the stability sheet. Whereas Koch has a contractual proper to nominate representatives to the Compass Minerals board, Koch has decided that it’s acceptable to not stand for reelection on the subsequent annual assembly, given the extraordinarily sturdy board slate recognized via this search course of. We imagine the skillsets and experiences of the incoming administrators align properly with the corporate’s technique. Koch stays a big shareholder and can proceed to judge alternatives to help and assist the corporate in areas the place our capabilities can present mutual profit.”
The corporate expects to scale back the dimensions of the board to 9 administrators, efficient on the 2026 annual assembly.
In keeping with the corporate’s governance pointers relating to time period limits, Lori Walker, the present Audit Committee chair and a board member since 2015, is not going to stand for reelection on the firm’s 2026 annual assembly. The board needs to thank Ms. Walker for her service and contributions to Compass Minerals.
To facilitate an orderly transition within the coming 12 months, the present non-executive board chair Joe Reece will stand for reelection on the firm’s 2026 annual assembly and is then anticipated to transition from the function sooner or later throughout the fiscal 12 months, at which level it’s anticipated that he would step off the board and that the corporate would scale back the dimensions of the board to eight administrators.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a number one international supplier of important minerals targeted on safely delivering the place and when it issues to assist clear up nature’s challenges for patrons and communities. The corporate’s salt merchandise assist preserve roadways secure throughout winter climate and are utilized in quite a few different shopper, industrial, chemical and agricultural purposes. Its plant vitamin merchandise assist enhance the standard and yield of crops whereas supporting sustainable agriculture. Compass Minerals operates 12 manufacturing and packaging amenities with greater than 1,800 staff all through the U.S., Canada and the U.Okay. Go to compassminerals.com for extra details about the corporate and its merchandise.
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Investor Contact
Brent Collins
Vice President, Treasurer & Investor Relations
+1.913.344.9111
InvestorRelations@compassminerals.com
Media Contact
Kevin Gabriel
Senior Director, Company Affairs
+1.913.344.9265
MediaRelations@compassminerals.com
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