Intrepid Potash Provides Leadership Update
Intrepid Potash (NYSE: IPI) announced that Bob Jornayvaz has stepped down as Chief Executive Officer and Director following an extended medical leave of absence. Barth Whitham, Chair of the Board, expressed gratitude for Jornayvaz's contributions over the past two decades, highlighting his leadership in strengthening customer relationships, modernizing operations, and capitalizing on Intrepid's unique position as the only domestic potash producer.
The company's Chief Financial Officer, Matt Preston, will continue to serve as acting principal executive officer while the Board of Directors conducts a search for a successor CEO. Whitham confirmed that the CEO search is well underway and expressed confidence in Preston and the management team's ability to execute Intrepid's strategic plan in the interim.
Intrepid Potash (NYSE: IPI) ha annunciato che Bob Jornayvaz si è dimesso dal ruolo di Amministratore Delegato e Direttore dopo un prolungato periodo di assenza per motivi di salute. Barth Whitham, Presidente del Consiglio, ha espresso gratitudine per i contributi di Jornayvaz negli ultimi due decenni, evidenziando la sua leadership nel rafforzare le relazioni con i clienti, modernizzare le operazioni e sfruttare la posizione unica di Intrepid come unico produttore nazionale di potassio.
Il Chief Financial Officer, Matt Preston, continuerà a svolgere le funzioni di amministratore delegato ad interim mentre il Consiglio di Amministrazione cerca un successore. Whitham ha confermato che la ricerca del CEO è già in corso e ha espresso fiducia nelle capacità di Preston e del team dirigenziale di attuare il piano strategico di Intrepid nel frattempo.
Intrepid Potash (NYSE: IPI) anunció que Bob Jornayvaz ha dimitido como Director Ejecutivo y Director tras un prolongado período de licencia médica. Barth Whitham, Presidente de la Junta, expresó su gratitud por las contribuciones de Jornayvaz durante las últimas dos décadas, destacando su liderazgo en el fortalecimiento de las relaciones con los clientes, la modernización de las operaciones y la capitalización de la posición única de Intrepid como el único productor nacional de potasio.
El Director Financiero, Matt Preston, continuará sirviendo como director ejecutivo interino mientras la Junta de Directores lleva a cabo la búsqueda de un CEO sucesor. Whitham confirmó que la búsqueda del CEO está en marcha y expresó confianza en Preston y en la capacidad del equipo de management para ejecutar el plan estratégico de Intrepid en este período.
Intrepid Potash (NYSE: IPI)는 Bob Jornayvaz가 CEO 및 이사직에서 물러났다고 발표했습니다. 그는 장기간의 의료 휴가를 마친 후입니다. Barth Whitham 의장은 Jornayvaz가 지난 20년 동안의 기여에 감사의 뜻을 표하며, 고객 관계 강화, 운영 현대화 및 Intrepid의 독특한 위치를 활용한 그의 리더십을 강조했습니다. Intrepid는 유일한 국내 칼리 생산업체입니다.
Matt Preston CFO가 임시 대표이사로 계속 근무할 것이며, 이사회는 후임 CEO를 찾고 있습니다. Whitham은 CEO 검색이 순조롭게 진행되고 있으며, Preston과 경영진이 그동안 Intrepid의 전략 계획을 실행할 수 있다고 확신한다고 밝혔습니다.
Intrepid Potash (NYSE: IPI) a annoncé que Bob Jornayvaz a démissionné en tant que Directeur Général et Administrateur après une longue absence pour raisons médicales. Barth Whitham, Président du Conseil, a exprimé sa gratitude pour les contributions de Jornayvaz au cours des deux dernières décennies, soulignant son leadership dans le renforcement des relations avec les clients, la modernisation des opérations et la valorisation de la position unique d'Intrepid en tant que seul producteur national de potasse.
Le Directeur Financier, Matt Preston, continuera d'agir en tant que Directeur Général par intérim pendant que le Conseil d'Administration recherche un successeur. Whitham a confirmé que la recherche d'un CEO est bien engagée et a exprimé sa confiance en Preston et en la capacité de l'équipe de direction à exécuter le plan stratégique d'Intrepid dans l'intervalle.
Intrepid Potash (NYSE: IPI) gab bekannt, dass Bob Jornayvaz als CEO und Direktor zurückgetreten ist, nachdem er längere Zeit abwesend war. Barth Whitham, Vorsitzender des Vorstands, drückte seine Dankbarkeit für Jornayvaz' Beiträge in den letzten zwei Jahrzehnten aus und hob seine Führungsstärke in der Stärkung der Kundenbeziehungen, der Modernisierung der Abläufe und der Nutzung der einzigartigen Position von Intrepid als einzigen nationalen Kaliumproduzenten hervor.
Der Finanzvorstand, Matt Preston, wird weiterhin als amtierender Hauptgeschäftsführer fungieren, während der Vorstand nach einem Nachfolger für die CEO-Position sucht. Whitham bestätigte, dass die CEO-Suche bereits im Gange sei, und zeigte sich zuversichtlich, dass Preston und das Management-Team in der Zwischenzeit in der Lage sein werden, Intrepids strategischen Plan umzusetzen.
- Smooth leadership transition with CFO Matt Preston serving as acting principal executive officer
- Board of Directors actively searching for a new CEO
- Continued execution of Intrepid's strategic plan during the transition period
- Departure of long-standing CEO Bob Jornayvaz due to medical reasons
- Potential uncertainty during leadership transition period
Bob Jornayvaz Steps Down as Chief Executive Officer and Director Following Extended Medical Leave of Absence
“We are thankful to Bob for his immeasurable contributions to the Company over the last two decades,” said Barth Whitham, Chair of the Board. “Bob led numerous initiatives that strengthened our customer relationships, modernized our operations, and capitalized on our unique position as the only domestic producer of potash. He took great pride in the Company and its contributions to the domestic and global agriculture industry. Bob and his family remain in our thoughts, and we continue to wish him well in his recovery.”
Intrepid’s Chief Financial Officer, Matt Preston, will continue to serve as acting principal executive officer as the Board of Directors’ search to identify a successor Chief Executive Officer remains ongoing. Mr. Whitham continued, “The Board’s search for a CEO is well underway. In the interim, we are pleased to continue to have Matt and the rest of the management team lead the execution of Intrepid’s strategic plan.”
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/20241004137135/en/
Evan Mapes, CFA, Investor Relations Manager
Phone: 303-996-3042
Email: evan.mapes@intrepidpotash.com
Source: Intrepid Potash, Inc
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