Compass Minerals eliminates some management positions

Updated: 2013-05-29T22:21:24Z

Compass Minerals on Wednesday announced a reorganization of its senior management team that eliminates several positions.

The Overland Park company, the largest producer of highway de-icing salt and other mineral products, did not specify how many managers had been let go. Compass said it would incur a charge for severance packages, but “the annualized cost savings are expected to exceed the one-time charge.”

Shares in Compass closed Wednesday at $87.66, down $1.30, or 1.5 percent.

The company said six senior executives would report directly to Fran Malecha, president and chief executive officer.

“This simplified structure and leaner management is designed to produce a more efficient and focused organization,” Malecha said in a statement. “Our goal is to drive continuous improvement in both our execution and competitive position.”

| The Star

Deal Saver Subscribe today!


The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Kansas City Star uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here