Saturday, May 22, 2010

Intrepid Potash (NYSE:IPI) CEO Role Changed

Intrepid Potash (NYSE:IPI) has done a few changes at the top of its executive ranks, naming CEO Robert P. Jornayvaz III as executive chairman of the board, while also changing his CEO designation and role to principal executive officer.

In a statement, the company said, "This transition of duties will permit Jornayvaz to focus on strategic matters for Intrepid, especially matters relating to long-term corporate growth opportunities, sales and marketing, mineral leasing and government affairs."

Also promoted near the top was David W. Honeyfield, who was executive vice president, and now is the president of the company, although he'll continue to serve as chief financial officer, treasurer and secretary.

Intrepid's chief technology officer Hugh E. Harvey Jr., was promoted to executive vice chairman of the board. He had been a board member before, and will evidently leave his former position.

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