CompoSecure's Tim Fitzsimmons to Retire with Guidance Confirmed

CompoSecure Announces CFO Transition Plans
CompoSecure, Inc. has made an important announcement regarding its Chief Financial Officer, Tim Fitzsimmons. After more than 13 years of dedicated service, Fitzsimmons will retire once a successor has been appointed. The search for this new CFO will commence shortly, with expectations for a smooth transition by the second half of 2025, but no later than January 1, 2026.
Ensuring a Seamless Transition
To facilitate this transition, Tim Fitzsimmons will continue to offer his expertise as a consultant until January 1, 2027. His experience and knowledge will be vital in guiding CompoSecure during this pivotal change, ensuring that the company's upward trajectory continues without interruption.
Reaffirming Financial Guidance for 2025
In light of this leadership transition, CompoSecure has reaffirmed its guidance for the full year 2025. The company anticipates a mid-single digit growth in both Consolidated Net Sales and Pro Forma Adjusted EBITDA. This optimistic outlook showcases the solid foundation built under Fitzsimmons' financial leadership.
Comments from Leadership
Jon Wilk, President and CEO of CompoSecure, shared his sentiments regarding Fitzsimmons' remarkable contributions. He highlighted how Tim has been instrumental in key transactions, including the transition from a privately held entity to a publicly traded company. Wilk emphasized the importance of maintaining a strong financial discipline moving forward and expressed enthusiasm about working together through the transition period.
Tim Fitzsimmons' Reflections
Tim expressed his gratitude for the opportunity to serve in his role over the years. He acknowledged the collaborative relationships formed within the leadership team and the significant growth CompoSecure has achieved during his tenure. His commitment to ensuring a seamless handover while prioritizing investor outcomes demonstrates his devotion to the company even as he prepares for retirement.
Looking Ahead for CompoSecure
With the groundwork laid by Fitzsimmons, CompoSecure is well-positioned for a continued journey of success. The dedicated leadership will support this transition while staying focused on achieving the company's growth objectives. The management team is committed to maintaining trust and delivering exceptional experiences for customers and stakeholders alike.
Frequently Asked Questions
Who is the retiring CFO of CompoSecure?
Tim Fitzsimmons is the Chief Financial Officer of CompoSecure who will retire once a successor is appointed.
How long has Tim Fitzsimmons served in his role?
Tim Fitzsimmons has served as the CFO of CompoSecure for over 13 years.
What will Tim Fitzsimmons do after retirement?
After retiring, Fitzsimmons will serve as a consultant until January 1, 2027, to ensure a smooth transition.
What growth is CompoSecure anticipating for 2025?
CompoSecure expects mid-single digit growth in both Consolidated Net Sales and Pro Forma Adjusted EBITDA for the full year 2025.
What is the stock ticker for CompoSecure?
CompoSecure is traded under the ticker Nasdaq: CMPO.
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