Today, Compass Minerals announced that Jeff Cathey has been appointed the company’s chief financial officer (CFO).

In his role as CFO on the company’s senior leadership team, Cathey will oversee all aspects of financial management, including accounting, reporting, tax, internal audit, treasury, financial planning and analysis, and investor relations. He joined Compass Minerals in December 2023 as chief accounting officer.

Cathey brings over 15 years of financial leadership experience in public and private companies to his new role. Before joining Compass Minerals, Cathey spent 10 years in positions of growing responsibility at Crestwood Equity Partners LP. Previously, he held roles at Shamrock Trading Corporation and Ernst & Young LLP.

“A key driver in our efforts to get back to the basics by creating value through our core Salt and Plant Nutrition businesses is rigorous balance sheet management. Jeff is a proven leader who has built and improved financial organizations and systems over his career. His skillset aligns extremely well with where the company is today, and more importantly, where we want to go,” said Edward C. Dowling Jr., president and CEO. “I’m confident his leadership as CFO will help further our efforts to manage costs, reduce debt, and improve our overall financial performance.”

Cathey received a Bachelor of Science degree in both finance and accounting and a Master of Science degree in accounting from Kansas State University. He also is a certified public accountant and completed executive leadership training at Vanderbilt University.

With this change in senior leadership, Lorin Crenshaw, formerly CFO, has departed the company. For more information, view the full release here.