Brian Stone Named President of Intrepid

Rhea-AI Summary

Intrepid Potash has announced the promotion of Brian Stone to President, effective August 2, 2021. Previously serving as COO, Stone will oversee the company's operations across all segments. Bob Jornayvaz, Executive Chairman and CEO, commended Stone's leadership, particularly during challenging market conditions, noting the company's improved position to benefit from rising oilfield activity. Intrepid Potash specializes in diversified mineral production, including muriate of potash and Trio® fertilizer, essential for agriculture and oilfield services.

Positive

• Brian Stone's promotion to President may enhance leadership and operational effectiveness.
• Intrepid is positioned to capitalize on improvements in oilfield activity.

Negative

• None.

Denver, CO, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) announced today that Brian Stone has been promoted to President of Intrepid, effective August 2, 2021. As President, Mr. Stone will assume daily responsibility for executing the operations for all segments of Intrepid’s business.

“Brian’s leadership experience and commodities background have been a wonderful addition to Intrepid and we are excited for him to lead the execution of our strategic vision to grow our oilfield solutions business and drive profitable growth across all segments.” said Bob Jornayvaz, Intrepid’s Executive Chairman and CEO. “While navigating a challenging environment in 2020, Brian successfully managed Intrepid’s oilfield business that is now positioned to capitalize on recent improvements in oilfield activity near our operations. We congratulate Brian on this well-deserved promotion and look forward to his success in the coming years.”

Mr. Stone joined Intrepid in December 2019 as Chief Operating Officer with responsibility for Intrepid’s Oilfield Solutions segment. Prior to joining Intrepid, Mr. Stone spent 34 years in all phases of the oil and gas industry, most recently as Chief Operating Officer for Hupecol Operating Co., an international oil and gas company focused on South America and Europe. In that capacity, Mr. Stone managed international oil and gas operations as well as heading the finance and business development roles for those companies. Earlier in his career, Mr. Stone worked for J.M. Huber Corporation, a mining and natural resources company, as Vice President in the Energy Sector, and later as Chief Risk Officer in Huber’s corporate office.

About Intrepid

Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt and water products essential for customer success in agriculture, animal feed and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio^®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, brine and various oilfield services.

Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio^® mine.

Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts for new postings.

Contact
Matt Preston, Vice President - Finance
Phone: 303-996-3048
Email: matt.preston@intrepidpotash.com

FAQ

Who is the new President of Intrepid Potash as of August 2021?

Brian Stone has been appointed as the new President of Intrepid Potash, effective August 2, 2021.

What was Brian Stone's position before becoming President of Intrepid Potash?

Before his promotion, Brian Stone served as the Chief Operating Officer (COO) at Intrepid Potash.

What industry does Intrepid Potash operate in?

Intrepid Potash operates in the diversified mineral industry, producing potassium, magnesium, sulfur, salt, and water products.

What are the key products produced by Intrepid Potash?

Key products include muriate of potash and Trio® fertilizer, which are essential for agriculture and oilfield services.

How is Intrepid Potash positioned in the oilfield solutions market?

Intrepid Potash is well-positioned to benefit from recent improvements in oilfield activity near its operations.