– USA, CT – Compass Diversified Holdings (NYSE: CODI), an owner of leading middle-market businesses, today announced the appointment of Larry Enterline as Chairman of the Board of Directors effective July 2, 2022, succeeding Sean Day, who is retiring as chairman but will remain a director.
Larry Enterline has served on the Board since July 2019 and as Lead Independent Director since October 2021.
In addition, Teri Shaffer has been appointed to the Board, effective July 2, 2022, and will also join the Audit Committee.
“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,” said CEO, Elias Sabo.
Sean Day added, “These appointments further strengthen our highly qualified board. 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 to their new roles and benefiting from their contributions.”
About Teri R. Shaffer
Teri 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. Teri 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.
About Compass Diversified
Since its founding in 1998, CODI has consistently executed on its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the niche industrial and branded consumer 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: https://compassdiversified.com/
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