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Stock Market & Financial Investment News

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November 30, 2012
12:54 EDTCODICompass Diversified elects interim CEO Offenberg as permanent CEO
Compass Diversified Holdings announced that Alan Offenberg, who has served as interim CEO since February 17, 2011, has been elected by the company's Board as CEO, and will remain on the company's Board of Directors. Offenberg is a founding partner of Compass Group Management and has been with CGM and its predecessor since 1998. I. Joseph Massoud, who has been on a leave of absence from his duties as CEO and a director of the company since February 17, 2011, resigned from his position as CEO and a director of the company. Massoud's resignation follows an announcement that a settlement has been reached between the U.S. SEC and Massoud in connection with an investigation of personal trading matters from 2009, unrelated to CODI, its operations, its subsidiaries and securities. Massoud has neither admitted nor denied the SEC's claims.
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