Compass Diversified Director James Bottiglieri Announces Retirement
19 Février 2025 - 2:00PM
Compass Diversified Holdings (NYSE: CODI) (“CODI” or the
“Company”), an owner of leading middle market businesses, announced
today that current director James J. Bottiglieri (“Jim”) advised
the Board of Directors (the “Board”) on February 14, 2025 that he
plans to retire prior to the Company’s 2025 annual shareholders
meeting (the “2025 Annual Meeting”). Mr. Bottiglieri will remain on
the Company’s Board and as a member of each of the Company’s
Nominating and Corporate Governance Committee and Audit Committee
up and until the Company’s 2025 Annual Meeting. Mr. Bottiglieri
joined the Board in December of 2005. He served as the Company’s
Chief Financial Officer and as an Executive Vice President of the
Company’s Manager from 2005 to 2013. The Company does not currently
intend to fill the Board vacancy created by Mr. Bottiglieri’s
retirement.
Elias Sabo, CEO of CODI, commented: “It has been
an absolute honor and privilege to work with Jim over the past 20
years. He has been a great leader, director, mentor, and friend. It
is difficult to measure the many contributions Jim has made to our
organization, beginning with our initial public offering in 2006.
His accounting expertise and superior integrity were fundamental in
establishing the groundwork we rely on today to ensure strong
financial controls and provide transparency to our shareholders. On
behalf of our entire organization, I want to express our sincere
gratitude to Jim for his years of dedicated service and wish him
all the best following his retirement.”
Larry Enterline, Board Chair, added: “I am happy
for Jim to have the opportunity to enjoy a well-earned retirement.
Jim is a consummate professional and has worked collaboratively
during his tenure to pass along his significant institutional
knowledge and assist with the development of the next generation of
Board leadership. Although Jim will be missed, his retirement is
the culmination of a years-long strategy to refine CODI’s Board and
recruit and retain a highly capable group of leaders who are
well-equipped to oversee our business and represent the interests
of our shareholders.”
Jim Bottiglieri stated: “I am grateful for the
opportunities I’ve been afforded during my tenure with CODI. Being
able to support this unique organization through its
transformational growth over the past 20 years has been a highlight
of my career. At its core, CODI is an organization comprised of
exceptional people and has many exciting opportunities for growth
in the years ahead.”
About Compass Diversified
(“CODI”)
Since its IPO in 2006, CODI has consistently
executed its strategy of owning and managing a diverse set of
highly defensible, middle-market businesses across the branded
consumer, industrial, healthcare, and critical outsourced services
sectors. The Company leverages its permanent capital base,
long-term disciplined approach, and actionable expertise to
maintain controlling ownership interests in each of its
subsidiaries, maximizing its ability to impact long-term cash flow
generation and value creation. The Company provides both debt and
equity capital for its subsidiaries, contributing to their
financial and operating flexibility. CODI utilizes the cash flows
generated by its subsidiaries to invest in the long-term growth of
the Company and has consistently generated strong returns through
its culture of transparency, alignment and accountability. For more
information, please visit compassdiversified.com.
Forward Looking Statements
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
with regard to the expectations related to the future performance
of CODI. Words such as "believes," "expects," “will,”
“anticipates,” “intends,” “continue,” "projects," “potential,”
“assuming,” and "future" or similar expressions, are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions, some of which are not currently
known to CODI. In addition to factors previously disclosed in
CODI’s reports filed with the SEC, the following factors, among
others, could cause actual results to differ materially from
forward-looking statements: changes in the economy, financial
markets and political environment; risks associated with possible
disruption in CODI’s operations or the economy generally due to
terrorism, natural disasters, social, civil and political unrest or
the COVID-19 pandemic; future changes in laws or regulations
(including the interpretation of these laws and regulations by
regulatory authorities); general considerations associated with the
COVID-19 pandemic and its impact on the markets in which we
operate; and other considerations that may be disclosed from time
to time in CODI’s publicly disseminated documents and filings.
Further information regarding CODI and factors which could affect
the forward-looking statements contained herein can be found in
CODI’s annual reports on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K. Forward-looking statements speak
only as of the date they are made. Except as required by law, CODI
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Relations
Compass Diversifiedirinquiry@compassdiversified.com
Gateway GroupCody Slach949.574.3860CODI@gateway-grp.com
Media Relations
Compass Diversifiedmediainquiry@compassdiversified.com
The IGB GroupLeon Berman212.477.8438lberman@igbir.com
Compass Diversified (NYSE:CODI)
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