Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors
Intrepid Potash (NYSE: IPI) has appointed Gonzalo Avendano as a new independent director to its Board of Directors, effective January 14, 2025. Avendano brings over 30 years of experience in finance and wealth management leadership, with extensive knowledge in capital markets and business strategy.
The appointment expands the Board from seven to eight directors, with seven being independent. Avendano is an Investment Advisor at Clearway Capital Management, which owns approximately 9.1% of Intrepid's shares and has been a shareholder for nearly a decade.
The company has entered into a cooperation agreement with Clearway Capital Management and related entities, including provisions for standstill, voting, and other matters. The agreement demonstrates Clearway's long-term commitment to Intrepid's value creation.
Intrepid Potash (NYSE: IPI) ha nominato Gonzalo Avendano come nuovo direttore indipendente nel suo Consiglio di Amministrazione, a partire dal 14 gennaio 2025. Avendano porta oltre 30 anni di esperienza nella leadership della finanza e della gestione patrimoniale, con una vasta conoscenza nei mercati dei capitali e nella strategia aziendale.
La nomina espande il Consiglio da sette a otto direttori, di cui sette sono indipendenti. Avendano è un Consulente per Investimenti presso Clearway Capital Management, che detiene circa il 9,1% delle azioni di Intrepid ed è un azionista da quasi un decennio.
L'azienda ha stipulato un accordo di cooperazione con Clearway Capital Management e entità correlate, incluse disposizioni per fermo, voto e altre questioni. L'accordo dimostra l'impegno a lungo termine di Clearway nella creazione di valore per Intrepid.
Intrepid Potash (NYSE: IPI) ha nombrado a Gonzalo Avendano como nuevo director independiente en su Junta Directiva, con efectos a partir del 14 de enero de 2025. Avendano aporta más de 30 años de experiencia en liderazgo financiero y gestión de patrimonio, con un amplio conocimiento en mercados de capitales y estrategia empresarial.
La nombramiento amplía la Junta de siete a ocho directores, siendo siete de ellos independientes. Avendano es Asesor de Inversiones en Clearway Capital Management, que posee aproximadamente el 9.1% de las acciones de Intrepid y ha sido accionista durante casi una década.
La compañía ha firmado un acuerdo de cooperación con Clearway Capital Management y entidades relacionadas, que incluye disposiciones para la detenida, la votación y otros asuntos. El acuerdo demuestra el compromiso a largo plazo de Clearway con la creación de valor de Intrepid.
Intrepid Potash (NYSE: IPI)는 2025년 1월 14일부터 새로운 독립 이사로 Gonzalo Avendano를 이사회에 임명했습니다. Avendano는 30년 이상의 금융 및 자산 관리 리더십 경험을 가지고 있으며, 자본 시장 및 비즈니스 전략에 대한 폭넓은 지식을 보유하고 있습니다.
이번 임명으로 이사회는 7명의 이사에서 8명으로 확대되며, 그 중 7명이 독립 이사입니다. Avendano는 Clearway Capital Management의 투자 자문가로, Intrepid의 주식 약 9.1%를 보유하고 있으며 거의 10년 동안 주주로 있었습니다.
회사는 Clearway Capital Management 및 관련 엔티티와 협력 계약을 체결했으며, 해당 계약에는 정지, 투표 및 기타 사항을 위한 조항이 포함되어 있습니다. 이 계약은 Clearway의 Intrepid 가치 창출에 대한 장기적인 헌신을 보여줍니다.
Intrepid Potash (NYSE: IPI) a nommé Gonzalo Avendano comme nouveau directeur indépendant au sein de son Conseil d'Administration, à compter du 14 janvier 2025. Avendano apporte plus de 30 ans d'expérience en finance et en gestion de patrimoine, avec une connaissance approfondie des marchés de capitaux et de la stratégie d'entreprise.
Ce nommage élargit le Conseil de sept à huit directeurs, dont sept sont indépendants. Avendano est conseiller en investissements chez Clearway Capital Management, qui détient environ 9,1 % des actions d'Intrepid et est actionnaire depuis près d'une décennie.
L'entreprise a conclu un accord de coopération avec Clearway Capital Management et des entités associées, y compris des dispositions pour la période d'attente, le vote et d'autres questions. Cet accord démontre l'engagement à long terme de Clearway envers la création de valeur d'Intrepid.
Intrepid Potash (NYSE: IPI) hat Gonzalo Avendano als neuen unabhängigen Direktor in seinen Vorstand berufen, der am 14. Januar 2025 in Kraft tritt. Avendano bringt über 30 Jahre Erfahrung in der Finanz- und Vermögensverwaltungsführung mit und besitzt umfassende Kenntnisse in den Kapitalmärkten und der Unternehmensstrategie.
Die Berufung erweitert den Vorstand von sieben auf acht Direktoren, wobei sieben davon unabhängig sind. Avendano ist Investmentberater bei Clearway Capital Management, das etwa 9,1% der Anteile von Intrepid besitzt und seit fast einem Jahrzehnt Aktionär ist.
Das Unternehmen hat eine Kooperationsvereinbarung mit Clearway Capital Management und verwandten Einheiten getroffen, die Bestimmungen zu Stillhalte- und Abstimmungsfragen sowie anderen Angelegenheiten umfasst. Die Vereinbarung zeigt Clearways langfristiges Engagement für die Wertschöpfung von Intrepid.
- Addition of experienced director with 30+ years in finance and wealth management
- Strengthened board independence with 7 out of 8 directors being independent
- Support from major shareholder (Clearway Capital) owning 9.1% stake
- Cooperation agreement secured with major shareholder ensuring stability
- None.
Accomplished business leader with deep understanding of capital markets and investments
“We are pleased to welcome Gonzalo to our Board,” said Barth Whitham, Chair of the Board. “He is a seasoned business leader with extensive knowledge of global investment markets. His industry experience along with his unique perspective as an investor will make him a valuable addition to our Board.”
Kevin Crutchfield, Chief Executive Officer of Intrepid Potash, added: “Gonzalo’s insights into evolving market dynamics and his commitment to driving value creation will play a crucial role as we continue to enhance our operations. I look forward to working closely with him as we execute our strategic initiatives to deliver long-term value for our shareholders.”
In connection with this announcement, Intrepid has entered into a cooperation agreement with Clearway Capital Management LLC (“Clearway”) and certain other persons and entities referenced in the agreement, which includes customary standstill, voting, and other provisions. Gonzalo Avendano, an Investment Advisor of Clearway, said, “I appreciate the positive and constructive discussions with the Company and I am pleased to join the Intrepid Board. Clearway owns approximately
About Gonzalo Avendano
Gonzalo Avendano serves as an Investment Advisor of Clearway, an investment company based in
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
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 or RSS feeds for new postings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250115707283/en/
Evan Mapes, CFA, Investor Relations Manager
Phone: 303-996-3042
Email: evan.mapes@intrepidpotash.com
Source: Intrepid Potash, Inc
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