Compass Minerals Appoints Jon Chisholm and Shane Wagnon to Board of Directors

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the appointments of Jon Chisholm and Shane Wagnon to the company’s board of directors. Chisholm and Wagnon were nominated for appointment by Koch Industries, Inc. (Koch), pursuant to the terms of the recent $252 million strategic equity investment in Compass Minerals by Koch Minerals and Trading, LLC (KM&T), a diverse global trading, logistics and investment company and Koch subsidiary.

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Jon Chisholm (left) and Shane Wagnon, newly appointed directors for Compass Minerals (NYSE: CMP) (Photo: Business Wire)

“Since the closing of the KM&T investment last month, our company has worked closely with the Koch team to identify opportunities where the expansive capabilities of Koch’s many operating subsidiaries could be leveraged to help create value for Compass Minerals and our shareholders,” said Joe Reece, non-executive chairman of the board. “As an extension of that ongoing partnership, we look forward to the expertise and perspective that Jon and Shane will bring to our board.”

Chisholm currently serves as the managing director for Koch Disruptive Technologies, leading the Energy Transformation investment vertical for the company. Prior to that position, he served from 2014 to 2022 as vice president of KM&T, where he was responsible for business development and strategy, leading investments in steel, specialty chemicals, energy, industrial technologies and bulk commodities. Chisholm started his career at Koch in 2005 and has worked in several roles and for various companies across Koch’s subsidiaries, including Flint Hills Resources, Koch Fertilizer, Koch Carbon and KM&T. He currently serves on the board of directors for PQ Corporation. Chisholm earned a Bachelor of Science in business administration with a major in finance from Oklahoma State University.

Wagnon currently serves as the vice president of trading and terminals for Koch Carbon, LLC. In this role, he holds profit and loss (P&L) responsibility for the company’s low-sulfur petroleum coke division and manages its ocean freight chartering group, along with general business development and strategy. Prior to his current role, Wagnon served from 2012-2019 as general manager of the company’s Global Sulfur business, where he was responsible for supply, trading and sales of elemental sulfur. Wagnon first joined Koch in 2004 and prior to his commercial leadership roles, he specialized in various business development capacities including capital projects, M&A, corporate restructuring, private equity partnerships and tax-equity investments. Wagnon earned a Bachelor of Science in business administration with a major in finance from Wichita State University.