This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Angelo C. Brisimitzakis, President And CEO Of Compass Minerals, Has Announced His Plan To Retire At Year End. (Photo: Business Wire)

Angelo Brisimitzakis, president and chief executive officer of Compass Minerals (NYSE: CMP), has announced his intention to retire at the end of 2012 after successfully leading the company for almost seven years. He also intends to resign his seat on the board of directors at that time.

Angelo C. Brisimitzakis, president and CEO of Compass Minerals, has announced his plan to retire at  ...

Angelo C. Brisimitzakis, president and CEO of Compass Minerals, has announced his plan to retire at year end. (Photo: Business Wire)

Under Dr. Brisimitzakis’ leadership, Compass Minerals strategically expanded its production capabilities to better serve both its salt and specialty fertilizer customers for the long term, nearly tripled its market capitalization and provided shareholders with consistent annual dividend increases.

“As Angelo begins his retirement, he leaves Compass Minerals in a much stronger position to build on its profitable growth opportunities,” said Dick Grant, lead independent director of Compass Minerals’ board of directors. “The board thanks Angelo for all of his accomplishments and appreciates his willingness to stay through year end to assist in an orderly transition. We wish him a long and happy retirement.”

“I have thoroughly enjoyed my time as CEO and a member of the board. I am very proud of what the organization has achieved, and I’m excited about its future potential,” said Dr. Brisimitzakis. “I am looking forward to an active retirement after nearly 35 years of work in various materials-based industries.”

Prior to joining Compass Minerals in May 2006, Dr. Brisimitzakis held increasingly significant leadership positions with the General Electric Company and Great Lakes Chemical Corporation.

The board of directors has retained a leading executive recruitment firm to assist in the search for his successor.

About Compass Minerals

Based in the Kansas City metropolitan area, Compass Minerals is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The company provides highway deicing salt to customers in North America and the United Kingdom and specialty fertilizer to growers worldwide. Compass Minerals also produces consumer deicing, water conditioning and pool products, ingredients used in consumer and commercial foods, and other mineral-based products for consumer, agricultural and industrial applications. The company also provides records management services to businesses throughout the U.K. For more information, visit www.compassminerals.com.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the company's current expectations and involve risks and uncertainties that could cause the company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in the "Risk Factors" sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50427140&lang=en



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.10 -64.02 -0.36%
S&P 500 2,059.76 -8.13 -0.39%
NASDAQ 4,870.1020 -30.7830 -0.63%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs