#USA #Indianapolis #Board of Directors #Calumet Inc #Jennifer Straumins

Calumet, Inc. Board Announcement: Jennifer Straumins to Retire

Calumet, Inc. has confirmed that Jennifer Straumins, a significant member of its Board of Directors, will not stand for re-election and intends to retire at the conclusion of her current term, which ends with the Company’s 2026 Annual Meeting of Stockholders. This marks a notable transition for the Board as the company prepares for its annual governance re-evaluation.

Jennifer has been with the Board since July 2024 and previously held a position on the board of Calumet GP, LLC from February 2021 until July 2024. Her extensive background includes over 13 years as an employee in the Partnership. Within her Board role, she actively participated in the Strategy and Growth and Risk Committees, where her insights were invaluable.

Steve Mawer, Chair of the Board, expressed sincere gratitude on behalf of Calumet and the entire Board for Jennifer's contributions. He emphasized her prowess in specialty products, highlighting how her expertise and commitment greatly benefited the direction of the Board and the company's strategy.

Continuing with the accolades, Todd Borgmann, CEO of Calumet, acknowledged her as a dedicated partner to management. He expressed his personal appreciation for her leadership and unwavering support, stating that Jennifer’s contributions have left a lasting impression on the company as it aims to expand and execute its growth strategy.

In her farewell remarks, Jennifer reflected on her journey over the past five years, expressing gratitude to her colleagues and acknowledging the lessons learned from industry leaders and family. Her relationship with Calumet is deeply personal, having been a part of her life since she was 16 years old. She thanked investors and banking partners for their steadfast support over the years while expressing confidence in Calumet's future successes under its current team.

With Jennifer’s departure, the Board plans to collaborate closely with the Nominating and Governance Committee to evaluate its composition and ensure alignment with the company’s strategic and governance standards. This process is part of Calumet's commitment to maintaining effective governance practices and ensuring that its leadership structure will continue to support its vision.

About Calumet, Inc.

Calumet, Inc. operates in the manufacturing and marketing space, producing a diverse range of specialty branded products and renewable fuels for various consumer-focused and industrial markets. Headquartered in Indianapolis, Indiana, the company has expanded to operate twelve facilities across North America, continually aiming for growth and better service to its customers.

Forward-Looking Statements

This announcement includes certain “forward-looking statements” regarding the company’s future. These statements involve uncertainties and assumptions that could cause actual results to significantly differ from anticipated outcomes. Shareholders and the broader public are encouraged to consider these risks when interpreting company communications.

For more updates and to understand Calumet's future direction, keep an eye on their upcoming Annual Meeting and further announcements from the company as it strives forward in its journey in the specialty products sector.