Compass Minerals Names Edward Dowling Chief Executive Officer
January 16 2024 - 4:30PM
Business Wire
Compass Minerals (NYSE: CMP), a leading global provider of
essential minerals, today announced that its board of directors has
named Edward C. Dowling Jr. as the company’s new president and
chief executive officer, effective Jan. 18, 2024. Dowling will
continue to serve on the company’s board, which he joined in March
2022.
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Edward C. Dowling Jr., newly named
president and chief executive officer for Compass Minerals (NYSE:
CMP) (Photo: Business Wire)
Dowling succeeds Kevin S. Crutchfield, who will step down from
his position as the company’s president, CEO and member of the
board, effective end-of-day Jan. 17, 2024. Crutchfield will
continue to serve in a consulting capacity through the end of the
fiscal year to help ensure a smooth transition.
“Through Kevin’s leadership over the past several years, Compass
Minerals has made meaningful strides in safety and achieved a
number of strategic milestones, particularly with the emergence of
our next-generation Fire Retardant business. Our entire board
appreciates the lasting contributions Kevin has made in preparing
our company for future growth,” said Joe Reece, non-executive
chairman of the board. “As Compass Minerals enters its next
chapter, our board looks forward to leveraging Ed’s deep leadership
experience and perspectives as we renew our focus on reducing
costs, driving positive free cash flow and generating sustained
value through our unique set of advantaged assets.”
Dowling brings more than 30 years of leadership experience and
international mining expertise to the president and CEO role,
having served in CEO positions with both Alacer Gold Corp., now SSR
Mining Inc., and Meridian Gold Inc., as well as executive positions
with De Beers S.A., a diamond producer, and Cleveland Cliffs, Inc.,
an iron and steel producer. He currently serves on the board for
Teck Resources, Ltd., and has previously served on the boards for
Copper Mountain Mining Corporation, SSR Mining and PJSC Polyus.
Dowling, a former petty officer in the U.S. Navy, earned a
Bachelor of Science in mining engineering and mineral processing, a
Master of Science in mineral processing and a Doctorate in mineral
processing from Pennsylvania State University.
“I am honored and excited by the opportunity to lead Compass
Minerals,” added Dowling. “I look forward to the continued shared
efforts of our board and leadership team as we work tirelessly to
enhance the profitability of our essential minerals portfolio
through safe, efficient and fiscally disciplined operations.”
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 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 and Other
Disclaimers
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including, without limitation, statements regarding cost
reduction, cash flow and shareholder 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/20240116612736/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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