{"id":801025,"date":"2025-01-15T08:33:53","date_gmt":"2025-01-15T13:33:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\/"},"modified":"2025-01-15T08:33:53","modified_gmt":"2025-01-15T13:33:53","slug":"intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\/","title":{"rendered":"Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors<\/b><\/p>\n<p class=\"bwalignc\"><i>Accomplished business leader with deep understanding of capital markets and investments<\/i><\/p>\n<p>DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIntrepid Potash, Inc. (\u201cIntrepid\u201d or \u201cthe Company\u201d) (NYSE: IPI) announced today the appointment of Gonzalo Avendano as a new independent director to Intrepid\u2019s Board of Directors (the \u201cBoard\u201d), effective January 14, 2025. Mr. Avendano has over 30 years of experience in leadership of finance and wealth management companies and brings extensive experience in capital markets and business strategy to the Board. This appointment increases the size of the Board from seven to eight directors, seven of whom, including Mr. Avendano, are independent.<\/p>\n<p>\n\u201cWe are pleased to welcome Gonzalo to our Board,\u201d said Barth Whitham, Chair of the Board. \u201cHe is a seasoned business leader with extensive knowledge of global investment markets. His industry experience along with his unique perspective as an investor will make him a valuable addition to our Board.\u201d<\/p>\n<p>\nKevin Crutchfield, Chief Executive Officer of Intrepid Potash, added: \u201cGonzalo\u2019s insights into evolving market dynamics and his commitment to driving value creation will play a crucial role as we continue to enhance our operations. I look forward to working closely with him as we execute our strategic initiatives to deliver long-term value for our shareholders.\u201d<\/p>\n<p>\nIn connection with this announcement, Intrepid has entered into a cooperation agreement with Clearway Capital Management LLC (\u201cClearway\u201d) and certain other persons and entities referenced in the agreement, which includes customary standstill, voting, and other provisions. Gonzalo Avendano, an Investment Advisor of Clearway, said, \u201cI appreciate the positive and constructive discussions with the Company and I am pleased to join the Intrepid Board. Clearway owns approximately 9.1% of Intrepid and first purchased shares in Intrepid nearly a decade ago. As one of the Company\u2019s largest shareholders, Clearway is focused on the long-term value of the Company and I look forward to working constructively with my fellow Board members and the management team to grow shareholder value.\u201d<\/p>\n<p><b>About Gonzalo Avendano<\/b><\/p>\n<p>\nGonzalo Avendano serves as an Investment Advisor of Clearway, an investment company based in Florida that specializes in managing a diversified portfolio of liquid assets and private equity investments. In addition, Gonzalo owns and operates Haras Patagones SRL, an Argentinian private company in the agriculture industry. He previously held positions at Lehman Brothers, Deutsche Bank AG, and UBS AG.<\/p>\n<p><b>About Intrepid<\/b><\/p>\n<p>\nIntrepid 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<sup>\u00ae<\/sup>, 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\u2019s mineral production comes from three solar solution potash facilities and one conventional underground Trio<sup>\u00ae<\/sup> mine.<\/p>\n<p>\nIntrepid 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.intrepidpotash.com%2F&amp;esheet=54180127&amp;newsitemid=20250115707283&amp;lan=en-US&amp;anchor=intrepidpotash.com&amp;index=1&amp;md5=ecc7784708e0ad5429d0652fc6024bbd\">intrepidpotash.com<\/a>, to receive automatic email alerts or RSS feeds for new postings.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250115707283r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250115707283\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250115707283\/en\/<\/a><\/span><\/p>\n<p>\nEvan Mapes, CFA, Investor Relations Manager<br \/>\n<br \/>Phone: 303-996-3042<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:evan.mapes@intrepidpotash.com\">evan.mapes@intrepidpotash.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Colorado United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Energy Chemicals\/Plastics Oil\/Gas Manufacturing Energy Other Natural Resources Mining\/Minerals Agriculture Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250115707283\/en\/2175080\/3\/INTREPID-CORP-Logo_color.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors Accomplished business leader with deep understanding of capital markets and investments DENVER&#8211;(BUSINESS WIRE)&#8211; Intrepid Potash, Inc. (\u201cIntrepid\u201d or \u201cthe Company\u201d) (NYSE: IPI) announced today the appointment of Gonzalo Avendano as a new independent director to Intrepid\u2019s Board of Directors (the \u201cBoard\u201d), effective January 14, 2025. Mr. Avendano has over 30 years of experience in leadership of finance and wealth management companies and brings extensive experience in capital markets and business strategy to the Board. This appointment increases the size of the Board from seven to eight directors, seven of whom, including Mr. Avendano, are independent. \u201cWe are pleased to welcome Gonzalo to our Board,\u201d said Barth Whitham, Chair of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-801025","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors Accomplished business leader with deep understanding of capital markets and investments DENVER&#8211;(BUSINESS WIRE)&#8211; Intrepid Potash, Inc. (\u201cIntrepid\u201d or \u201cthe Company\u201d) (NYSE: IPI) announced today the appointment of Gonzalo Avendano as a new independent director to Intrepid\u2019s Board of Directors (the \u201cBoard\u201d), effective January 14, 2025. Mr. Avendano has over 30 years of experience in leadership of finance and wealth management companies and brings extensive experience in capital markets and business strategy to the Board. This appointment increases the size of the Board from seven to eight directors, seven of whom, including Mr. Avendano, are independent. \u201cWe are pleased to welcome Gonzalo to our Board,\u201d said Barth Whitham, Chair of the &hellip; Continue reading &quot;Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-15T13:33:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250115707283r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors\",\"datePublished\":\"2025-01-15T13:33:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/\"},\"wordCount\":644,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250115707283r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/intrepid-announces-appointment-of-gonzalo-avendano-to-board-of-directors\\\/\",\"name\":\"Intrepid Announces Appointment of Gonzalo Avendano to Board of Directors - 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