Angelo Brisimitzakis Appointed President and CEO of Compass Minerals International, Inc.OVERLAND PARK, Kan. -- The board of directors of Compass Minerals International, Inc. (NYSE NYSE See: New York Stock Exchange : CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ) has elected Angelo C. Brisimitzakis to succeed Michael E. Ducey in the role of president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and director, effective immediately. Mr. Ducey, who in November announced his intention to retire, will assist the company through 2006 to ensure a smooth transition. Dr. Brisimitzakis, 47, was most recently executive vice president and general manager of Great Lakes Chemical Corporation's flame retardants and performance products. Great Lakes Chemical Corp. merged with Crompton Corporation in July 2005 to form Chemtura Corporation. "Angelo is an exceptional leader," said Dick Grant, lead director of Compass Minerals' board of directors and chairman of its nominating/corporate governance committee. "He brings to Compass broad management and leadership experience, invaluable logistics expertise and an exceptional record of success. The board's search committee has gotten to know Angelo well, and we're confident that he will be a great fit with Compass's culture and people." "I'm pleased to have the opportunity to join such a great company, and I look forward to working with the team as we find ways to create even greater shareholder value," said Dr. Brisimitzakis. "I'm grateful to Mike for his willingness to continue to work with us this year to assist with the transition." Dr. Brisimitzakis joined Great Lakes Chemicals in 1998 as vice president, global supply chain after 14 years with General Electric Corporation where he held leadership positions in sales, technology, business development, supply chain and business management functions. He earned a Ph.D. in chemistry from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in marketing from Pace University in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Mr. Ducey, 57, will serve as a consultant to the company following his retirement. "We are very grateful to Mike for his service to Compass Minerals," Mr. Grant continued. "Mike has been a tremendous asset since he joined the company in April 2002. He introduced the company's Operational Excellence program, which has made Compass more efficient and competitive, and he guided the company to independence through its December 2003 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . We congratulate Mike on his outstanding career and wish him the best of luck in his retirement." About Compass Minerals International, Inc. Based in the Kansas City metropolitan area, Compass is the second-leading salt producer in North America and the largest in the United Kingdom. The company operates ten production and packaging facilities, including the largest rock salt mine in the world in Goderich, Ontario. The company's product lines include salt for highway deicing De-icing is the process of removing ice from a surface. Anti-icing is the process of preventing ice from forming on a surface. Deicing can be accomplished by mechanical methods (scraping), through the application of heat, by use of chemicals designed to lower , consumer deicing, water conditioning, consumer and industrial food preparation, agriculture and industrial applications. In addition, Compass is North America's leading producer of sulfate sulfate, chemical compound containing the sulfate (SO4) radical. Sulfates are salts or esters of sulfuric acid, H2SO4, formed by replacing one or both of the hydrogens with a metal (e.g., sodium) or a radical (e.g., ammonium or ethyl). of potash, which is used in the production of specialty fertilizers for high-value crops and turf, and magnesium chloride, which is a premium deicing and dust control agent. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Compass Minerals International's Annual Report on Form 10-k filed with the Securities and Exchange Commission on February 24, 2006. The Company will not update any forward-looking statements made in this press release to reflect future events or developments. |
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