Calumet, Inc. announced its intention to nominate Julio Quintana and Karen Narwold for election to the Board of Directors at the company's 2025 Annual Meeting of Stockholders. This move follows the decision by current directors Jim Carter and Dan Sheets not to seek re-election and to retire at the end of their terms.
The new nominees bring decades of executive and public energy and chemical company board experience. Mr. Quintana is a retired oil and gas executive who served as President and CEO of Tesco Corporation and currently sits on the boards of Newmont Corporation and SM Energy Company. Ms. Narwold is a retired executive from Albemarle Corporation and serves on the board of Ingevity.
This board refreshment is part of the company's ongoing governance transition process, which includes engagement with shareholders like Wasserstein Debt Opportunities (WDO). WDO expressed confidence in Calumet's management and commended the Board for its proactive engagement and selection of highly qualified independent director candidates who align with Board and shareholder priorities.
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