OVERLAND PARK, Kan. - Compass Minerals (NYSE: CMP), a prominent player in the global essential minerals market, announced today the addition of Vance O. Holtzman to its board of directors. The appointment was made during the company's fiscal 2024 annual meeting of shareholders. Holtzman's nomination came as part of the strategic investment terms made by Koch Industries Inc. through its subsidiary, Koch Minerals and Trading LLC, in 2022.
Holtzman, who is the senior vice president of investments at Koch Minerals and Trading, brings a wealth of experience in financial management and the extractive industry to Compass Minerals. His background includes significant roles at Koch Minerals and a tenure as chief financial officer. Before his time at Koch, Holtzman served as a relationship manager at Cullen Frost Bank and is currently on the boards of KOMSA, PQ Corporation, and Hybar LLC.
The new board member holds a Bachelor of Science in business administration from the University of Kansas and an MBA in energy finance from the University of Texas. His expertise is expected to contribute to Compass Minerals' ongoing strategies to enhance production and foster sustainable free cash flow.
Joe Reece, non-executive chairman of the board, expressed enthusiasm for Holtzman's future contributions. Reece also took the opportunity to acknowledge the service of outgoing board members Jon Chisholm and Jill Gardiner, who did not seek reelection.
With the departure of Chisholm and Gardiner and the election of Holtzman, the Compass Minerals board now consists of eight members. The company, which operates 12 production and packaging facilities and employs nearly 2,000 people across the U.S., Canada, and the U.K., is known for its deicing salt products, plant nutrition solutions, and innovative fire retardant products for combating wildfires.
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