Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors
15 Gennaio 2025 - 2:30PM
Business Wire
Accomplished business leader with deep
understanding of capital markets and investments
Intrepid Potash, Inc. (“Intrepid” or “the Company”) (NYSE: IPI)
announced today the appointment of Gonzalo Avendano as a new
independent director to Intrepid’s Board of Directors (the
“Board”), effective January 14, 2025. Mr. Avendano has over 30
years of experience in leadership of finance and wealth management
companies and brings extensive experience in capital markets and
business strategy to the Board. This appointment increases the size
of the Board from seven to eight directors, seven of whom,
including Mr. Avendano, are independent.
“We are pleased to welcome Gonzalo to our Board,” said Barth
Whitham, Chair of the Board. “He is a seasoned business leader with
extensive knowledge of global investment markets. His industry
experience along with his unique perspective as an investor will
make him a valuable addition to our Board.”
Kevin Crutchfield, Chief Executive Officer of Intrepid Potash,
added: “Gonzalo’s insights into evolving market dynamics and his
commitment to driving value creation will play a crucial role as we
continue to enhance our operations. I look forward to working
closely with him as we execute our strategic initiatives to deliver
long-term value for our shareholders.”
In connection with this announcement, Intrepid has entered into
a cooperation agreement with Clearway Capital Management LLC
(“Clearway”) and certain other persons and entities referenced in
the agreement, which includes customary standstill, voting, and
other provisions. Gonzalo Avendano, an Investment Advisor of
Clearway, said, “I appreciate the positive and constructive
discussions with the Company and I am pleased to join the Intrepid
Board. Clearway owns approximately 9.1% of Intrepid and first
purchased shares in Intrepid nearly a decade ago. As one of the
Company’s largest shareholders, Clearway is focused on the
long-term value of the Company and I look forward to working
constructively with my fellow Board members and the management team
to grow shareholder value.”
About Gonzalo Avendano
Gonzalo Avendano serves as an Investment Advisor of Clearway, an
investment company based in Florida that specializes in managing a
diversified portfolio of liquid assets and private equity
investments. In addition, Gonzalo owns and operates Haras Patagones
SRL, an Argentinian private company in the agriculture industry. He
previously held positions at Lehman Brothers, Deutsche Bank AG, and
UBS AG.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250115707283/en/
Evan 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
