– USA, OH – Covia (NYSE: CVIA), a leading provider of mineral-based and material solutions for the Industrial and Energy markets, today announced that its Board of Directors has appointed Richard Navarre as President and CEO, effective September 1, 2019.
In conjunction with Mr. Navarre’s appointment, he will continue to serve as Covia’s Board Chair and Matthew LeBaron has been appointed to serve as the Company’s Lead Independent Director.
“I am honored the Board has chosen me to lead Covia as their President and CEO,” said Mr. Navarre. “From my experience with the Company as Board Chair and more recently, while serving as interim President and CEO, I know the exceptional quality of the people and assets at Covia. I look forward to working with our employees, customers and other stakeholders to create both near-term and long-term value.”
Mr. LeBaron commented, “We are very pleased that Rick has accepted the role of President and CEO, a position where he has demonstrated his ability to quickly create value. Combined with his long track record of successful executive leadership in the mining industry, we are confident that he is the right person to lead Covia. Rick has proven to be a valuable resource, both at the Board and executive levels, and we look forward to what the organization will accomplish under his leadership.”
Additionally, Charles Fowler announced his retirement from the Board of Directors effective August 31, 2019. The Board of Directors has appointed Jeffrey Scofield to replace Mr. Fowler on the Governance Committee. Contemporaneous with Mr. Fowler’s retirement, the permanent size of the Board will be reduced to 11 directors.
Mr. Navarre stated, “I would like to thank Chuck Fowler for his many contributions to Covia and its predecessors. For decades, he provided exceptional leadership and helped grow the organization from a small group of mines into an industry leader. Additionally, his commitment to sustainable development and community involvement is unmatched and has played a critical role in creating the culture that Covia benefits from today.”
Mr. Navarre has served as Chairman of the Board of Directors and Executive Committee of Covia since June 2018, and as interim President and Chief Executive Officer since May 2019. He has more than 35 years of leadership in the mining industry, including having previously served as the President and Chief Commercial Officer of Peabody Energy Corporation.
Mr. LeBaron joined the Board of Directors of Covia Holdings Corporation in 2018 and previously served as Chairman of the Board of Directors of Fairmount Santrol Holdings Inc. from 2010 to 2018. Mr. LeBaron is a co-founder of LeBaronBrown Industries, a private investment holding company focused on investing in industrial businesses. He was previously a Managing Director at American Securities, which he joined in 1999. Mr. LeBaron has previously served on the boards of numerous private and public companies.
Covia is a leading provider of mineral-based material solutions for the Industrial and Energy markets, representing the legacy and combined strengths from the June 2018 merger of Unimin and Fairmount Santrol. The Company is a leading provider of diversified mineral solutions to the glass, ceramics, coatings, foundry, polymers, construction, water filtration, sports and recreation markets. The Company offers a broad array of high-quality products, including high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, resin systems and coated materials, delivered through its comprehensive distribution network. Covia offers its Energy customers an unparalleled selection of proppant solutions, additives, and coated products to enhance well productivity and to address both surface and down-hole challenges in all well environments. Covia has built long-standing relationships with a broad customer base consisting of blue-chip customers. Underpinning these strengths is an unwavering commitment to safety and to sustainable development further enhancing the value that Covia delivers to all of its stakeholders.
For more information: https://www.coviacorp.com
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