Compass Minerals appoints Jon Chisholm and Shane Wagnon to Board of Directors
News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.
OVERLAND PARK, Kansas–(BUSINESS WIRE)– Compass Minerals (NYSE: CMP), a leading global supplier of critical minerals, today announced the appointments of Jon Chisholm and Shane Wagnon to the Board of Directors of the society. Chisholm and Wagnon were appointed 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 global diversified trading company , logistics and investment company and subsidiary of Koch.
This press release is multimedia. Read the full press release here: https://www.businesswire.com/news/home/20221116005998/en/
Jon Chisholm (left) and Shane Wagnon, new directors of Compass Minerals (NYSE: CMP) (Photo: Business Wire)
“Since closing the KM&T investment last month, our company has worked closely with the Koch team to identify opportunities where the extensive 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 of directors. “Building on this ongoing partnership, we look forward to the expertise and perspective that Jon and Shane will bring to our board.”
Chisholm is currently Managing Director of Koch Disruptive Technologies, leading the company’s energy transformation investment vertical. Prior to this role, 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, l energy, industrial technologies and bulk products. Chisholm began his career with Koch in 2005 and has held several positions and for various companies at Koch subsidiaries including Flint Hills Resources, Koch Fertilizer, Koch Carbon and KM&T. He currently sits on the board of directors of PQ Corporation. Chisholm earned a Bachelor of Science in Business Administration with a major in Finance from Oklahoma State University.
Wagnon is currently Vice President of Commerce and Terminals for Koch Carbon, LLC. In this role, he is responsible for the profit and loss (P&L) of the company’s low sulfur petroleum coke division and manages its ocean freight charter group, as well as general business development and strategy. Prior to his current role, Wagnon served from 2012 to 2019 as Managing Director of the company’s global sulfur business, where he was responsible for elemental sulfur sourcing, trading and sales. Wagnon first joined Koch in 2004 and prior to his commercial leadership roles, he specialized in various business development capacities including capital projects, mergers and acquisitions, corporate restructuring, partnerships private equity and tax equity investments. Wagnon earned a Bachelor of Science in Business Administration with a major in Finance from Wichita State University.
With the appointments of Chisholm and Wagnon, the board grew to 12 members.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of critical minerals focused on delivering safely where and when it matters to help solve nature’s challenges for customers and communities. The company’s saline products contribute to winter road safety and are used in many other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve crop quality and yield, while supporting sustainable agriculture. Additionally, the company is pursuing the 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 flame retardant company. Compass Minerals operates 12 production and packaging facilities with nearly 2,000 employees in the United States, Canada and the United Kingdom. Visit compassminerals.com for more information about the company and its products.
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 the 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. the company on Forms 10-K and 10-Q, including any amendments, and other filings by the company with the SEC. 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.
Director of Public Affairs and Sustainable Development
Vice President, Investor Relations
Source: Mineral Compass