Compass Diversified (NYSE: CODI) ("CODI" or the "Company”), an
owner of leading middle market businesses, proudly announces the
appointment of Anne Cavassa as the Chief Executive Officer of its
subsidiary, PrimaLoft Inc., effective January 1st, 2024. This move
follows Cavassa’s recent appointment as President of the company.
The changes come as former President and CEO, Mike Joyce, steps
into retirement at year end after leading the company for 11 years.
In his retirement, Joyce will assume the role of Vice Chair on
PrimaLoft’s Board of Directors.
Cavassa brings to PrimaLoft nearly three decades
of experience marked by strategic leadership roles at several of
America’s most esteemed outdoor and active lifestyle brands. Her
previous tenure as President of Saucony, coupled with her role as
Senior Vice President and Chief Customer Experience Officer at
Brooks Sports Inc., showcases her expertise in driving growth
across the footwear and apparel sectors. She has also held pivotal
leadership positions at Timberland, Nike, Reebok, Tommy Bahama, and
Eddie Bauer. Cavassa holds a Bachelor of Arts from Loyola Marymount
University.
“Anne is a seasoned industry leader with an
impressive track record of propelling strategic growth,” said Elias
Sabo, CEO of Compass Diversified. “Her extensive knowledge across
product design, merchandising, customer experience, and brand
marketing positions her exceptionally well to lead PrimaLoft into
the future. I also want to recognize and thank Mike for his
significant contributions over the years and for advancing
PrimaLoft’s growth and innovation while at the helm.”
Former PrimaLoft President and CEO, Mike Joyce,
commented: “Our company purpose is to balance the intersection of
people, products, and the planet. Anne embodies these beliefs and
brings extensive leadership experience from renowned active
lifestyle brands. This is an ideal opportunity to bring in a proven
leader to help bring PrimaLoft to the next level and, for me, she
was the only choice.”
Zach Sawtelle, Chairman of PrimaLoft’s Board of
Directors added: “On behalf of the management team at CODI, I want
to recognize Mike’s leadership in building PrimaLoft into the
outstanding business it is today. I’d also like to welcome Anne to
the role of CEO. As an industry veteran, she is the ideal choice to
continue to build on PrimaLoft’s impressive performance, working to
establish brand equity and strengthen the connection to the
consumer.”
“I am thrilled to be stepping into this role,
supported by the exceptional team at PrimaLoft,” said Anne Cavassa,
President and CEO of PrimaLoft. “It is a privilege to join a
company where my values are aligned with its founder, and I am
happy to continue to work with Mike in his new position on the
PrimaLoft Board of Directors. I’m excited to propel PrimaLoft into
its next phase of growth, building on the brand’s history of
innovation, performance, and sustainability as we strengthen our
connection with both our customers and with consumers.”
About Compass Diversified
Since its founding in 1998, and IPO in 2006,
CODI has consistently executed on its strategy of owning and
managing a diverse set of highly defensible, middle-market
businesses across the niche industrial, branded consumer and
healthcare 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.
About PrimaLoft
PrimaLoft, Inc. is an advanced material
technology company based in Latham, New York, with offices in
Xiamen, China. PrimaLoft is the world leader in the research and
innovative development of high-performance insulation and fabric
felt by you and the planet. The PrimaLoft® Brand, a registered
trademark of PrimaLoft, Inc., is used by more than 950 top global
brands in outdoor and fashion, home furnishings, work wear,
hunting, and military applications. With its Relentlessly
Responsible™ mission, PrimaLoft strives to balance performance
& sustainability through innovation. Originally developed for
the U.S. Army as a water-resistant, synthetic alternative to down,
the brand is recognized today as a benchmark for providing
unsurpassed comfort in any condition, while lessening its impact on
the environment. PrimaLoft, Inc. is a subsidiary of Compass
Diversified (NYSE: CODI). For more information, please visit
primaloft.com, and follow PrimaLoft on Facebook, Instagram, and
LinkedIn.
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 PrimaLoft and 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 its subsidiaries 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
irinquiry@compassdiversified.com
Gateway GroupCody
Slach949.574.3860CODI@gateway-grp.com
Media Relations
Mediainquiry@compassdiversified.com
The IGB GroupLeon
Berman212.477.8438lberman@igbir.com
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 1 2025 まで 2 2025
Compass Diversified (NYSE:CODI)
過去 株価チャート
から 2 2024 まで 2 2025