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CompoSecure's Tim Fitzsimmons to Retire with Guidance Confirmed

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.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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