Compass Diversified Holdings Announces New Board of Director Appointments

Current Director Larry L. Enterline Appointed Chairman of the Board

Appoints Teri R. Shaffer to the Board

WESTPORT, Conn., July 06, 2022 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that, effective July 2, 2022, Mr. Larry L. Enterline has been appointed Chairman of the Board of Directors (the “Board”) in place of Mr. C. Sean Day, who is retiring from this position as of the same date. Day will continue to serve as a director.

In addition, Ms. Teri R. Shaffer has been appointed to the Board, effective July 2, 2022. Shaffer has also been designated as a member of the Board’s Audit Committee.

Enterline has served on CODI’s Board since July of 2019 and as Lead Independent Director since October of 2021.

Shaffer has more than 38 years of finance and accounting experience. She served as the Americas and Regional Financial Audit IT Leader for Ernst & Young from 2016 through her recent retirement on July 1, 2022, and served in various other leadership roles at Ernst & Young since 1984. Shaffer has a deep understanding of public company audit, accounting and internal control matters, as well as cybersecurity, technology and risk management experience. She earned a bachelor’s degree from Oklahoma State University and is a Certified Public Accountant and Certified Information Security Manager. With a continued commitment to learning, she is currently completing her EY Tech MBA with Hult International Business School.

“These appointments further strengthen our highly qualified board,” said Sean Day, Chairman of CODI. “Larry is a natural choice to assume the role of Chairman given his intimate knowledge of our business and outstanding executive leadership skills. In addition, Teri brings significant finance, accounting, cybersecurity and risk management expertise to our Company. We look forward to welcoming Larry and Teri in their new roles and benefiting from their contributions.”

Elias Sabo, CEO of Compass Diversified, added: “We’re pleased to appoint a proven leader like Larry to the role of Chairman and welcome an outstanding executive like Teri to our Board and CODI family. Larry’s intimate knowledge of our businesses and prior experience as Executive Chairman of Fox Factory Corp. positions him well to be an excellent strategic leader, and Teri’s deep understanding of finance, accounting and public company audit matters will be highly additive to our Board. Finally, we would also like to take this opportunity to recognize the many years of Sean’s distinguished service as Chairman. He has been an extraordinary leader, mentor and colleague since our organization’s IPO in 2006. We look forward to his continued input and contributions to our Company in his director role.”