Vance Holtzman Elected to Compass Minerals Board of Directors
March 07 2024 - 4:30PM
Business Wire
Compass Minerals (NYSE: CMP), a leading global provider of
essential minerals, today announced the election of Vance O.
Holtzman to the company’s board of directors at its fiscal 2024
annual meeting of shareholders. Holtzman was nominated for
appointment by Koch Industries Inc. (Koch), pursuant to the terms
of the strategic equity investment in Compass Minerals in 2022 by
Koch Minerals and Trading LLC (KM&T), a Koch subsidiary.
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Vance O. Holtzman, newly elected director
for Compass Minerals (NYSE: CMP) (Photo: Business Wire)
“Vance brings to our board proven financial expertise and
considerable experience working with extractive companies like
ours. I’m excited for his input and collaboration as we continue
our efforts to optimize production and drive sustainable free cash
flow,” said Joe Reece, non-executive chairman of the board. “I
would also like to thank Jon Chisholm and Jill Gardiner for the
contributions they each made during their respective tenures of
service on our board.”
Holtzman currently serves as the senior vice president of
investments at KM&T. Prior to that position, which he has held
since 2018, he served in a number of other roles of increasing
responsibility at Koch Minerals (KM&T’s predecessor), including
as chief financial officer. Before joining Koch, Holtzman was a
relationship manager at Cullen Frost Bank. He is currently a member
of the board of directors of KOMSA, PQ Corporation and Hybar
LLC.
Holtzman earned a Bachelor of Science in business administration
from the University of Kansas and a Master of Business
Administration in energy finance from the University of Texas.
Former board members Jon Chisholm and Jill Gardiner did not
stand for reelection at the annual meeting. With these changes, the
board of directors is now eight members.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of
essential minerals focused on safely delivering where and when it
matters to help solve nature’s challenges for customers and
communities. The company’s salt products help keep roadways safe
during winter weather and are used in numerous other consumer,
industrial, chemical and agricultural applications. Its plant
nutrition products help improve the quality and yield of crops,
while supporting sustainable agriculture. Additionally, its
next-generation, long-term fire retardant products provide a more
innovative and environmentally friendly option in the fight against
wildfires. Compass Minerals operates 12 production and packaging
facilities with nearly 2,000 employees throughout the U.S., Canada
and the U.K. Visit compassminerals.com for more information about
the company and its products.
Forward Looking Statements
This press release may contain forward-looking statements,
including, without limitation, statements about the company's
efforts to optimize production and drive sustainable free cash
flow. These statements are based on the company’s current
expectations and involve risks and uncertainties that could cause
the company’s actual results to differ materially. The differences
could be caused by a number of factors including those factors
identified in the “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” sections
of the company’s Annual and Quarterly Reports on Forms 10-K and
10-Q, including any amendments, as well as the company’s other SEC
filings. The company undertakes no obligation to update any
forward-looking statements made in this press release to reflect
future events or developments, except as required by law.
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Media Contact Rick Axthelm Chief Public Affairs and
Sustainability Officer +1.913.344.9198
MediaRelations@compassminerals.com
Investor Contact Brent Collins Vice President, Investor
Relations +1.913.344.9111 InvestorRelations@compassminerals.com
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