Compass Diversified Holdings announced that, effective July 2, 2022, Mr. Larry L. Enterline has been appointed Chairman of the Board of Directors in place of Mr. C. Sean Day, who is retiring from this position as of the same date. Day will continue to serve as a director. In addition, Ms. Teri R. Shaffer has been appointed to the Board, effective July 2, 2022.

Shaffer has also been designated as a member of the Board's Audit Committee. Enterline has served on CODI's Board since July of 2019 and as Lead Independent Director since October of 2021. Shaffer has more than 38 years of finance and accounting experience.

She served as the Americas and Regional Financial Audit IT Leader for Ernst & Young from 2016 through her recent retirement on July 1, 2022, and served in various other leadership roles at Ernst & Young since 1984. Shaffer has a deep understanding of public company audit, accounting and internal control matters, as well as cybersecurity, technology and risk management experience. She earned a bachelor's degree from Oklahoma State University and is a Certified Public Accountant and Certified Information Security Manager.

With a continued commitment to learning, she is currently completing her EY Tech MBA with Hult International Business School.