Compass Minerals Appoints Jon Chisholm and Shane Wagnon to Board of Directors
November 16 2022 - 5:00PM
Business Wire
Compass Minerals (NYSE: CMP), a leading global provider of
essential minerals, today announced the appointments of Jon
Chisholm and Shane Wagnon to the company’s board of directors.
Chisholm and Wagnon were nominated for appointment by Koch
Industries, Inc. (Koch), pursuant to the terms of the recent $252
million strategic equity investment in Compass Minerals by Koch
Minerals and Trading, LLC (KM&T), a diverse global trading,
logistics and investment company and Koch subsidiary.
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Jon Chisholm (left) and Shane Wagnon,
newly appointed directors for Compass Minerals (NYSE: CMP) (Photo:
Business Wire)
“Since the closing of the KM&T investment last month, our
company has worked closely with the Koch team to identify
opportunities where the expansive capabilities of Koch’s many
operating subsidiaries could be leveraged to help create value for
Compass Minerals and our shareholders,” said Joe Reece,
non-executive chairman of the board. “As an extension of that
ongoing partnership, we look forward to the expertise and
perspective that Jon and Shane will bring to our board.”
Chisholm currently serves as the managing director for Koch
Disruptive Technologies, leading the Energy Transformation
investment vertical for the company. Prior to that position, he
served from 2014 to 2022 as vice president of KM&T, where he
was responsible for business development and strategy, leading
investments in steel, specialty chemicals, energy, industrial
technologies and bulk commodities. Chisholm started his career at
Koch in 2005 and has worked in several roles and for various
companies across Koch’s subsidiaries, including Flint Hills
Resources, Koch Fertilizer, Koch Carbon and KM&T. He currently
serves on the board of directors for PQ Corporation. Chisholm
earned a Bachelor of Science in business administration with a
major in finance from Oklahoma State University.
Wagnon currently serves as the vice president of trading and
terminals for Koch Carbon, LLC. In this role, he holds profit and
loss (P&L) responsibility for the company’s low-sulfur
petroleum coke division and manages its ocean freight chartering
group, along with general business development and strategy. Prior
to his current role, Wagnon served from 2012-2019 as general
manager of the company’s Global Sulfur business, where he was
responsible for supply, trading and sales of elemental sulfur.
Wagnon first joined Koch in 2004 and prior to his commercial
leadership roles, he specialized in various business development
capacities including capital projects, M&A, corporate
restructuring, private equity partnerships and tax-equity
investments. Wagnon earned a Bachelor of Science in business
administration with a major in finance from Wichita State
University.
With Chisholm’s and Wagnon’s appointments, the board of
directors has expanded to 12 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, 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,
including, without limitation, statements about the company's
efforts to create value. 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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version on businesswire.com: https://www.businesswire.com/news/home/20221116005998/en/
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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