Intrepid Announces Management Changes
October 16 2019 - 4:30PM
Intrepid Potash Inc. (NYSE: IPI) announced today that Joseph
Montoya, current Vice President and Chief Accounting Officer, will
be resigning from Intrepid effective November 9, 2019, to pursue
another career opportunity. Intrepid also announced the appointment
of Matt Preston to Vice President of Finance, effective November
10, 2019. Mr. Preston will serve as Intrepid’s principal financial
officer and principal accounting officer, roles that Mr. Montoya
currently occupies. Mr. Preston currently serves as Intrepid’s
Director of Budget and Forecast, while also leading its investor
relations function.
“Since joining Intrepid soon after our IPO in 2008, Matt has
assumed successively senior roles on our finance and accounting
team,” said Bob Jornayvaz, Intrepid's Executive Chairman, President
and CEO. “Throughout Matt’s tenure over the last 11 years, he has
worked very closely with our senior operations and sales staffs,
which makes him uniquely qualified for this role. Matt’s most
recent role serving as the lead of our financial planning and
analysis team and our investor relations function, and his
comprehensive knowledge of the day-to-day operations at all our
facilities and our long-term strategic plans, have prepared him for
success as our new VP of Finance. We thank Joseph for his work at
Intrepid and wish him the best of luck in his new opportunity.”
About Intrepid
Intrepid is a diversified mineral company that delivers
potassium, magnesium, sulfur, salt, and water products essential
for customer success in agriculture, animal feed, and the oil and
gas industry. Intrepid is the only U.S. producer of muriate of
potash, which is applied as an essential nutrient for healthy crop
development, utilized in several industrial applications, and used
as an ingredient in animal feed. In addition, Intrepid produces a
specialty fertilizer, Trio®, which delivers three key nutrients,
potassium, magnesium, and sulfate, in a single particle. Intrepid
also provides water, magnesium chloride, brine, and various
oilfield services.
Intrepid serves diverse customers in markets where a logistical
advantage exists and is a leader in the use of solar evaporation
for potash production, resulting in lower cost and more
environmentally friendly production. Intrepid’s mineral production
comes from three solar solution potash facilities and one
conventional underground Trio® mine.
Intrepid routinely posts important information, including
information about upcoming investor presentations and press
releases, on its website under the Investor Relations tab.
Investors and other interested parties are encouraged to enroll at
intrepidpotash.com, to receive automatic email alerts or RSS feeds
for new postings.
Contact: Matt Preston, Investor
RelationsPhone: 303-996-3048Email:
matt.preston@intrepidpotash.com
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