Intrepid Announces Medical Leave of Absence for Bob Jornayvaz; Intrepid Co-founder Hugh Harvey rejoins Board of Directors
17 Aprile 2024 - 11:31PM
Intrepid Potash, Inc. ("Intrepid,” “we," or "our") (NYSE:IPI) today
announced that on April 16, 2024, the Board of Directors (the
“Board”) of Intrepid granted Bob Jornayvaz, Executive Chairman of
the Board and Chief Executive Officer, a temporary medical leave of
absence, effective immediately, as he recovers from his previously
announced injury. In connection with Mr. Jornayvaz’s leave of
absence, the Board has appointed Matt Preston, Intrepid’s current
Chief Financial Officer, as acting principal executive officer and
announced that Intrepid’s co-founder, Hugh Harvey, has been
appointed as a Class III Director. The Board has also temporarily
delegated all responsibilities of the Chairman of the Board to
Barth Whitham, Intrepid’s Lead Director.
Mr. Whitham stated, “Our thoughts and best wishes go out to Bob
and his family as he recovers, and we are pleased to announce both
the appointment of Matt Preston to acting principal executive
officer and appointment of co-founder Hugh Harvey to the Board. Mr.
Preston’s understanding of Intrepid’s operations along with the
addition of Intrepid’s co-founder and former director Mr. Harvey to
our Board will provide the necessary stability and continuity for
Intrepid as we continue to execute on our strategic initiatives
through this interim period.”
Executive Profiles
Hugh Harvey is the co-founder of Intrepid and served as a member
of our Board from 2007 to 2022, including as the Executive Vice
Chairman of the Board from 2010 to March 2020 and as Vice Chairman
of the Board from March 2020 to February 2022. From 2007 until his
retirement from Intrepid in 2020, Mr. Harvey served in various
management roles, including Chief Technology Officer, Chief
Operating Officer, and Executive Vice President of Technology.
Matt Preston has been with Intrepid since 2008 and has served as
our Chief Financial Officer (“CFO”) since December 2021 and
principal financial officer since November 2019. Prior to becoming
CFO, Mr. Preston served as our Vice President of Finance from
November 2019 to December 2021 and our Director of Budget
and Forecast from April 2016 to November 2019.
Previously, Mr. Preston served in successively more senior
finance roles since joining Intrepid in 2008, including Senior
Manager of Budget and Forecast, Manager of Budget and Forecast, and
Financial Analyst.
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 U.S. producer of muriate of
potash, which is applied as an essential nutrient for healthy crop
development, utilized in several industrial applications and used
as an ingredient in animal feed. In addition, Intrepid produces a
specialty fertilizer, Trio®, which delivers three key nutrients,
potassium, magnesium, and sulfate, in a single particle. Intrepid
also provides water, magnesium chloride, brine, and various
oilfield services. Intrepid serves diverse customers in markets
where a logistical advantage exists and is a leader in the use of
solar evaporation for potash production, resulting in lower cost
and more environmentally friendly production. Intrepid’s mineral
production comes from three solar solution potash facilities and
one conventional underground Trio® mine.
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.
ContactEvan Mapes, CFA, Investor Relations
Manager Phone: 303-996-3042
Email: evan.mapes@intrepidpotash.com
Grafico Azioni Intrepid Potash (NYSE:IPI)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Intrepid Potash (NYSE:IPI)
Storico
Da Gen 2024 a Gen 2025