Intrepid Potash, Inc. announced the departure of its Chief Financial Officer, Matthew Preston, effective March 11, 2026. The company stated that his departure was not due to any disagreements regarding operations or policies. Preston has been with Intrepid since 2008 and played a significant role in the company's growth and management transition in 2024. In recognition of his service, he will receive a cash lump sum payment of $1,335,638 as part of a Separation Agreement, which includes a general release of claims and compliance with certain covenants. Following his departure, Cris Ingold, the current Chief Accounting Officer, has been appointed as the interim principal financial officer. Ingold will continue in his role as Chief Accounting Officer while taking on the additional responsibilities. He will receive an additional $12,000 per month during his interim tenure and a one-time cash bonus of $50,000. The company expressed gratitude for Preston's contributions and wishes him well in his future endeavors.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.