Compass Minerals Bolsters Board’s Financial Expertise Through Appointment of Richard Dealy as Independent Director
May 09 2022 - 4:15PM
Business Wire
Compass Minerals (NYSE: CMP), a leading global provider of
essential minerals, today announced the appointment of Richard P.
Dealy to the company’s board of directors. In addition to deep
financial expertise, Dealy brings broad operational and leadership
experience to the board.
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Richard P. Dealy, newly appointed
independent director for Compass Minerals (NYSE: CMP) (Photo:
Business Wire)
“Rich has a proven track record of strong financial stewardship
and value creation,” said Joe Reece, non-executive chairman of the
board. “We look forward to benefiting from his knowledge and
experience as we continue our growth efforts into the strategic,
adjacent markets of lithium and fire retardants.”
Dealy currently serves as president and chief operating officer
of Pioneer Natural Resources, an independent oil and gas
exploration and production company. Prior to that role, which he
has held since January 2021, Dealy spent 16 years as Pioneer’s
executive vice president and chief financial officer, directing the
corporate finance, accounting, treasury, budget and planning,
supply chain and marketing functions of the company. He previously
held finance positions of increasing responsibility at both Pioneer
and its predecessor company, Parker & Parsley Petroleum
Company. Dealy began his career as an auditor with KPMG LLP.
A certified public accountant, Dealy earned a Bachelor of
Business Administration in accounting and finance from Eastern New
Mexico University.
Dealy has been appointed to the Audit Committee and the
Compensation Committee of the board. With Dealy’s appointment, the
board of directors has expanded from eight members to nine.
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, the company
is pursuing development of a sustainable lithium brine resource to
support the North American battery market and is a minority owner
of Fortress North America, a next-generation fire retardant
company. 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 within
the meaning of the Private Securities Litigation Reform Act of
1995, including, without limitation, statements about the company's
growth efforts. 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 Douglas Kris Senior Director of Investor
Relations +1.917.797.4967 krisd@compassminerals.com
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