Intrepid Potash (IPI) Announces CEO Departure

Intrepid Potash, Inc. ("Intrepid,” “we," “the Company” or "our") (NYSE: IPI) today announced that Bob Jornayvaz has stepped down as Chief Executive Officer and as a Director of the Board following his extended medical leave of absence.

“We are thankful to Bob for his immeasurable contributions to the Company over the last two decades,” said Barth Whitham, Chair of the Board. “Bob led numerous initiatives that strengthened our customer relationships, modernized our operations, and capitalized on our unique position as the only domestic producer of potash. He took great pride in the Company and its contributions to the domestic and global agriculture industry. Bob and his family remain in our thoughts, and we continue to wish him well in his recovery.”

Intrepid’s Chief Financial Officer, Matt Preston, will continue to serve as acting principal executive officer as the Board of Directors’ search to identify a successor Chief Executive Officer remains ongoing. Mr. Whitham continued, “The Board’s search for a CEO is well underway. In the interim, we are pleased to continue to have Matt and the rest of the management team lead the execution of Intrepid’s strategic plan.”

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