Compass Diversified Director James Bottiglieri Announces Retirement
Compass Diversified Holdings (NYSE: CODI) announced the retirement of director James J. Bottiglieri, who will step down prior to the company's 2025 annual shareholders meeting. Bottiglieri, who joined the Board in December 2005, previously served as the Company's Chief Financial Officer and Executive Vice President from 2005 to 2013.
The company does not plan to fill the Board vacancy created by Bottiglieri's retirement. During his tenure, Bottiglieri played a important role in CODI's initial public offering in 2006 and established strong financial controls and shareholder transparency measures. He will continue serving on the company's Nominating and Corporate Governance Committee and Audit Committee until the 2025 Annual Meeting.
Compass Diversified Holdings (NYSE: CODI) ha annunciato il ritiro del direttore James J. Bottiglieri, che si dimetterà prima dell'assemblea annuale degli azionisti del 2025. Bottiglieri, entrato nel Consiglio nel dicembre 2005, ha precedentemente ricoperto il ruolo di Chief Financial Officer e Vice Presidente Esecutivo dell'azienda dal 2005 al 2013.
L'azienda non prevede di coprire il posto vacante nel Consiglio creato dal ritiro di Bottiglieri. Durante il suo mandato, Bottiglieri ha avuto un ruolo importante nell'offerta pubblica iniziale di CODI nel 2006 e ha stabilito solidi controlli finanziari e misure di trasparenza per gli azionisti. Continuerà a far parte del Comitato per le Nomine e la Governance Aziendale e del Comitato di Revisione fino all'Assemblea Annuale del 2025.
Compass Diversified Holdings (NYSE: CODI) anunció la jubilación del director James J. Bottiglieri, quien dejará su puesto antes de la reunión anual de accionistas de la compañía en 2025. Bottiglieri, que se unió a la Junta en diciembre de 2005, se desempeñó anteriormente como Director Financiero y Vicepresidente Ejecutivo de la compañía desde 2005 hasta 2013.
La empresa no planea llenar la vacante en la Junta creada por la jubilación de Bottiglieri. Durante su mandato, Bottiglieri desempeñó un papel importante en la oferta pública inicial de CODI en 2006 y estableció sólidos controles financieros y medidas de transparencia para los accionistas. Continuará sirviendo en el Comité de Nominaciones y Gobernanza Corporativa y en el Comité de Auditoría hasta la Reunión Anual de 2025.
Compass Diversified Holdings (NYSE: CODI)는 이사 James J. Bottiglieri의 은퇴를 발표했으며, 그는 2025년 연례 주주 총회 전에 사임할 예정입니다. Bottiglieri는 2005년 12월 이사회에 합류했으며, 2005년부터 2013년까지 회사의 최고 재무 책임자 및 전무 이사를 역임했습니다.
회사는 Bottiglieri의 은퇴로 인해 발생한 이사회 공석을 채울 계획이 없습니다. 그의 재임 기간 동안 Bottiglieri는 2006년 CODI의 초기 공개 상장에 중요한 역할을 했으며, 강력한 재무 통제 및 주주 투명성 조치를 마련했습니다. 그는 2025년 연례 총회까지 회사의 지명 및 기업 거버넌스 위원회와 감사 위원회에서 계속 활동할 것입니다.
Compass Diversified Holdings (NYSE: CODI) a annoncé le départ à la retraite du directeur James J. Bottiglieri, qui démissionnera avant l'assemblée générale annuelle des actionnaires de l'entreprise en 2025. Bottiglieri, qui a rejoint le Conseil en décembre 2005, a précédemment été Directeur Financier et Vice-Président Exécutif de l'entreprise de 2005 à 2013.
L'entreprise ne prévoit pas de pourvoir le poste vacant au Conseil créé par le départ à la retraite de Bottiglieri. Au cours de son mandat, Bottiglieri a joué un rôle important dans l'introduction en bourse de CODI en 2006 et a établi de solides contrôles financiers ainsi que des mesures de transparence pour les actionnaires. Il continuera à siéger au Comité de Nomination et de Gouvernance d'Entreprise ainsi qu'au Comité d'Audit jusqu'à l'Assemblée Annuelle de 2025.
Compass Diversified Holdings (NYSE: CODI) gab die Pensionierung des Direktors James J. Bottiglieri bekannt, der vor der Jahreshauptversammlung der Gesellschaft im Jahr 2025 zurücktreten wird. Bottiglieri, der im Dezember 2005 in den Vorstand eintrat, war zuvor von 2005 bis 2013 Chief Financial Officer und Executive Vice President des Unternehmens.
Das Unternehmen plant nicht, die durch Bottiglieri's Rücktritt entstandene Vakanz im Vorstand zu besetzen. Während seiner Amtszeit spielte Bottiglieri eine wichtige Rolle bei dem Börsengang von CODI im Jahr 2006 und etablierte starke finanzielle Kontrollen sowie Maßnahmen zur Transparenz für die Aktionäre. Er wird bis zur Jahreshauptversammlung 2025 weiterhin im Nominierungs- und Corporate Governance-Ausschuss sowie im Prüfungsausschuss des Unternehmens tätig sein.
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WESTPORT, Conn., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that current director James J. Bottiglieri (“Jim”) advised the Board of Directors (the “Board”) on February 14, 2025 that he plans to retire prior to the Company’s 2025 annual shareholders meeting (the “2025 Annual Meeting”). Mr. Bottiglieri will remain on the Company’s Board and as a member of each of the Company’s Nominating and Corporate Governance Committee and Audit Committee up and until the Company’s 2025 Annual Meeting. Mr. Bottiglieri joined the Board in December of 2005. He served as the Company’s Chief Financial Officer and as an Executive Vice President of the Company’s Manager from 2005 to 2013. The Company does not currently intend to fill the Board vacancy created by Mr. Bottiglieri’s retirement.
Elias Sabo, CEO of CODI, commented: “It has been an absolute honor and privilege to work with Jim over the past 20 years. He has been a great leader, director, mentor, and friend. It is difficult to measure the many contributions Jim has made to our organization, beginning with our initial public offering in 2006. His accounting expertise and superior integrity were fundamental in establishing the groundwork we rely on today to ensure strong financial controls and provide transparency to our shareholders. On behalf of our entire organization, I want to express our sincere gratitude to Jim for his years of dedicated service and wish him all the best following his retirement.”
Larry Enterline, Board Chair, added: “I am happy for Jim to have the opportunity to enjoy a well-earned retirement. Jim is a consummate professional and has worked collaboratively during his tenure to pass along his significant institutional knowledge and assist with the development of the next generation of Board leadership. Although Jim will be missed, his retirement is the culmination of a years-long strategy to refine CODI’s Board and recruit and retain a highly capable group of leaders who are well-equipped to oversee our business and represent the interests of our shareholders.”
Jim Bottiglieri stated: “I am grateful for the opportunities I’ve been afforded during my tenure with CODI. Being able to support this unique organization through its transformational growth over the past 20 years has been a highlight of my career. At its core, CODI is an organization comprised of exceptional people and has many exciting opportunities for growth in the years ahead.”
About Compass Diversified (“CODI”)
Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the branded consumer, industrial, healthcare, and critical outsourced services sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the expectations related to the future performance of CODI. Words such as "believes," "expects," “will,” “anticipates,” “intends,” “continue,” "projects," “potential,” “assuming,” and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, some of which are not currently known to CODI. In addition to factors previously disclosed in CODI’s reports filed with the SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements: changes in the economy, financial markets and political environment; risks associated with possible disruption in CODI’s operations or the economy generally due to terrorism, natural disasters, social, civil and political unrest or the COVID-19 pandemic; future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities); general considerations associated with the COVID-19 pandemic and its impact on the markets in which we operate; and other considerations that may be disclosed from time to time in CODI’s publicly disseminated documents and filings. Further information regarding CODI and factors which could affect the forward-looking statements contained herein can be found in CODI’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Forward-looking statements speak only as of the date they are made. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Media Relations
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