Compass Diversified Holdings announced Monday that Larry L. Enterline has been appointed to the board of directors of Compass Group Diversified Holdings LLC, effective July 24, 2019.
The election of Enterline, who will serve on the board’s audit committee and nominating and corporate governance committee, increases the size of the board to eight members.
CODI also announced the appointment of D. Eugene Ewing as independent lead director of the board, effective July 25, 2019. Ewing has served as director and chair of the audit committee of the board since CODI’s initial public offering in 2006.
Commenting on the addition of Enterline to the board, Sean Day, chairman of the company’s board, stated, “We worked extensively with Larry during CODI’s ownership of FOX and are delighted to welcome him to our Board. Larry was a valued partner, and his expertise in the branded consumer space, growing a global company, with an emphasis on operational efficiency, in particular, will make him a strong addition. We look forward to his contributions and guidance as we continue to implement our permanent capital model, providing stable and growing cash flows and consistent distributions.”
Day continued, “Gene has provided outstanding leadership and valuable insight as a member of our Board, and we are pleased to appoint him Independent Lead Director, as we further our commitment to strong corporate governance practices.”
Enterline has over 30 years of public company, leadership and operating experience. He joined FOX Factory Holding Corp. in March 2011 as the company’s CEO and served during the time FOX was a CODI subsidiary.