<ul><li>Compass Diversified Holdings (NYSE: CODI) shares sank on Tuesday as the company announced the appointment of Matthew Blake as CEO of its subsidiary, Arnold Magnetic Technologies Corporation.</li><li>Matthew Blake will join Arnold's Board of Directors and replace Dan Miller after a planned transition period ending April 30, 2025.</li><li>Compass Diversified expressed gratitude to Dan Miller for his dedication in building Arnold into an industry leader and welcomed Matthew Blake to lead Arnold in its next phase of growth.</li><li>CODI shares opened lower on Tuesday, decreasing 1.6% to $18.41.</li></ul>

Compass Diversified Backs off Despite Blake Appointment

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