OVERLAND PARK, Kan.--(BUSINESS WIRE)--May. 29, 2013--
Compass Minerals (NYSE: CMP) has announced a change to the company’s
organizational structure. The following senior management team will
report to president and CEO, Fran Malecha, and will guide each of the
company’s core functions.
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Jerry Bucan, senior vice president of the salt division with
responsibility for both the North American highway deicing business
and the consumer and industrial business.
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Keith Espelien, senior vice president of the specialty fertilizer
division. Espelien joined Compass Minerals as vice president of
consumer and industrial manufacturing in 2011 and has held leadership
roles in operations, sales, and senior and general management
throughout his 32-year career in the minerals industry.
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Jack Leunig, senior vice president of operations with responsibility
for the company’s mining, manufacturing, procurement, and
environmental, health and safety functions.
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Rod Underdown, chief financial officer and corporate secretary.
Underdown will continue to lead all financial functions of the company.
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Steve Berger, senior vice president of corporate services with
responsibility for human resources and information technology.
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David Goadby, senior vice president of strategy.
“This simplified structure and leaner management is designed to produce
a more efficient and focused organization. Our goal is to drive
continuous improvement in both our execution and competitive position,”
said Malecha.
This realignment eliminates a limited number of senior management
positions. While the company will incur a charge related to severance
packages, the annualized cost savings are expected to exceed the
one-time charge.
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 and water conditioning products,
ingredients used in consumer and commercial foods, and other
mineral-based products for consumer, agricultural and industrial
applications. Compass Minerals 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.
Source: Compass Minerals
Compass Minerals
Peggy Landon, 913-344-9315
Director of
Investor Relations and
Corporate Communications