WESTPORT, CT (BRAIN) — Alan Offenberg has been named chief executive officer by the Compass Diversified Holdings board and will remain on the company’s board of directors. Compass is the parent of Fox and CamelBak.
Offenberg is a founding partner of Compass Group Management and has been with the company and its predecessor since 1998. He was appointed interim CEO in April 2011.
“During his tenure as CEO, Alan has demonstrated strong leadership, as the company has continued to successfully execute its strategy. Since February 2011, we have completed three acquisitions and profitably sold two subsidiary businesses. We also completed a $545 million refinancing of the company's existing debt at favorable rates,” said Sean Day, CODI’s chairman of the board.
Joseph Massoud resigned from his position as chief executive officer and a director of the company last year. Massoud's resignation followed a settlement between the U.S. Securities and Exchange Commission and Massoud in connection with an investigation of personal trading from 2009. This trading was unrelated to CODI. Massoud has neither admitted nor denied the SEC's claims.
Compass Diversified is publicly traded; you can follow its stock price on the BRAIN Industry Stock Chart.