Intrepid Potash Announces Appointment of Kevin S. Crutchfield as Chief Executive Officer
03 December 2024 - 12:30AM
Business Wire
Crutchfield brings more than 30 years of global
mining and transformational leadership experience
Intrepid Potash, Inc. (“Intrepid,” “we,” “the Company,” or
“our”) (NYSE: IPI) today announced the Board of Directors (the
“Board”) of Intrepid has appointed Kevin S. Crutchfield as Chief
Executive Officer and Board director, effective immediately.
“Kevin is an accomplished and recognized executive in the mining
industry who brings extensive leadership experience in navigating
global industry dynamics. He has a strong track record of driving
growth and enhancing production within large-scale mining
operations and has a deep understanding of our products and
markets,” said Barth Whitham, Chair of the Board of Intrepid.
Whitham continued, “After completing a thorough and comprehensive
search process, the Board is confident that Kevin is the right
leader to capitalize on Intrepid’s unique market position and lead
the Company into its next phase of growth.”
Crutchfield has over three decades of global mining experience
and over twenty years of leadership, operating and technical
experience in public company and board of director roles.
Crutchfield recently served as President and CEO of Compass
Minerals (NYSE: CMP), where he acquired highly relevant experience
in minerals mining, brine operations, and specialty fertilizer
products and markets. Before that, he served as CEO of Alpha
Natural Resources (ANR) and later Contura Energy (since renamed
Alpha Metallurgical Resources - NYSE: AMR), where he led growth
initiatives and strategic acquisitions that resulted in the company
becoming one of the largest coal mining enterprises in the United
States. Crutchfield also worked for Pittston Coal Company in
various operating and executive management positions along with
Denver based Cyprus Amax Minerals Company and the El Paso
Corporation. He holds a B.S. in Mining and Minerals Engineering
from Virginia Polytechnic Institute and State University and
completed the Executive Program at the University of Virginia
Darden School of Business.
“I am excited to join Intrepid, a company that is recognized for
its high-quality, essential product, hands-on customer service,
world-class team, and service to its communities,” said
Crutchfield. He added, “I look forward to working with the Board
and talented team to build on the Company’s strong foundation,
unique market position, and operational excellence to drive future
growth and value for our customers, employees and
shareholders.”
Matt Preston will continue to serve as Intrepid’s Chief
Financial Officer. Whitham added, “I would also like to thank Matt
for stepping in to serve as acting principal executive officer
throughout our search process. He is an invaluable member of the
management team and we look forward to his continued contribution
to Intrepid’s success.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241202593053/en/
Evan Mapes, CFA, Investor Relations Manager Phone: 303-996-3042
Email: evan.mapes@intrepidpotash.com
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