Compass CEO steps down; Independent director named interim CEO

Compass CEO steps down; Independent director named interim CEO

6:57 AM, 20th November 2018
Dick Grant, Compass Minerals Interim CEO.
Dick Grant, Compass Minerals Interim CEO.

OVERLAND PARK, US: Compass Minerals International Inc said that Fran Malecha has agreed to step down from his position as president and CEO, effective immediately.

Dick Grant, lead independent director, will serve as chairman of the board and interim CEO until a permanent CEO is named.

“Over the last several years, we have made progress toward building a balanced company for the future. The board remains committed to achieving best-in-class operational efficiency in our Salt business to maximize its cash generating capabilities and investing in our higher-growth, global Plant Nutrition business. We are now moving forward with a keen focus on execution in order to ensure we can drive value from these investments and deliver sustainable, long-term value creation for our shareholders,” said Dick Grant, chairman and interim CEO.

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