Compass Diversified Holdings announced that Mr. C. Sean Day retired from the Board of Directors (the “Board”) of Compass Group Diversified Holdings LLC (together with CODI, the “Company”), effective as of June 30, 2023, for personal health reasons. Mr. Day joined the Board in 2006, concurrent with CODI’s initial public offering, and served as Board Chair until July 2022. The Board has elected a new director, Ms. Heidi Locke Simon, to fill the vacancy following the departure of Mr. Day.

Ms. Locke Simon’s service commenced on July 5, 2023, and will serve as a director until the next election of directors at the Company’s annual shareholders’ meeting in fiscal year 2024. Ms. Locke Simon has been designated as a member of the Board’s Audit Committee. From 1993 to 2012, Locke Simon was a partner at Bain & Company, a global management consulting organization, where she was a founding member of the firm’s private equity practice.

Prior to her service at Bain & Company, she was an Investment Banking Analyst at Goldman, Sachs & Co. She has also served as a director of Teekay Corporation since 2017 and holds an MBA from Harvard Business School.