OVERLAND PARK, Kan.--(BUSINESS WIRE)--Jan. 7, 2013--
Compass Minerals (NYSE:CMP) announced today that Francis J. Malecha, 48,
will become its new president and chief executive officer on January 17,
2013, and will be appointed to its board of directors.
Francis J. Malecha, 48, has been appointed president and CEO of Compass Minerals (Photo: Business Wire)
Mr. Malecha joins Compass Minerals with more than 25 years of experience
in agri-business. Most recently he had been chief operating
officer-grain of Viterra Inc., the $7.0 billion global agri-business
company. He joined Viterra in 2000, where his responsibilities included
global grain merchandising, transportation, operations, commodity risk
management, and international merger and acquisition activity. Viterra
was acquired by Glencore International plc in December 2012, and Mr.
Malecha was named head of agricultural products for North America.
“I am thrilled to take the helm at Compass Minerals,” commented Mr.
Malecha. “The company has an exceptional salt franchise, a strong niche
in specialty fertilizers, and the cash flow generation to power
opportunities for further profitable growth.”
Richard Grant of the Compass Minerals board of directors noted, “We are
delighted to have someone with Fran’s leadership capabilities and
expertise step into this role. His experience in Canada, the United
States and globally demonstrates skills very relevant to Compass
Minerals in realizing the potential across our portfolio.”
From 1986 to 2000, Mr. Malecha had a career of increasing responsibility
with General Mills, Inc. in financial and merchandising-management
roles. He holds a bachelor’s degree in accounting from the University of
St. Thomas.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a
leading producer of minerals, including salt, sulfate of potash
specialty fertilizer and magnesium chloride. The company provides
highway deicing salt to customers in North America and the United
Kingdom and specialty fertilizer to growers worldwide. Compass Minerals
also produces consumer deicing, water conditioning and pool products,
ingredients used in consumer and commercial foods, and other
mineral-based products for consumer, agricultural and industrial
applications. The company also provides records management services to
businesses throughout the U.K. For more information, visit www.compassminerals.com.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. 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"
sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The
company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments.
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Source: Compass Minerals
Compass Minerals
Investor Relations and Corporate Communications
913-344-9315