Kansas City-based Compass Minerals International Inc. is looking for a new president after Fran Malecha apparently was let go in a decision by the board of directors.
Malecha joined the company six years ago as CEO and President but his departure, according to a company announcement and a report in the Kansas City Business Journal is immediate.
“The Board of Directors and Fran Malecha decided it is the right time for new leadership at Compass Minerals,” the company said Monday in an email statement. “The Board of Directors is confident in the future of Compass Minerals and views this transition as an opportunity to drive the successful execution of the company’s strategy.”
The Overland Park-based minerals provider named Dick Grant, lead independent director, as interim CEO and chairman. Once a new CEO and president is identified, Grant will become non-executive chairman. External and internal candidates are being considered.
Compass Minerals, which employs about 200 locally, ranks as the area’s 13th-largest publicly traded company, with $1.36 billion in revenue and $42.7 million in net income for 2017. For the third quarter of 2018, it reported $322.5 million in sales, up from $290.7 million during the same period last year.
Read more of the Kansas City Business Journal story by clicking here.