Compass Diversified (CODI), a private equity firm, on Thursday said co-founder and chief executive officer Elias Sabo will retire on December 31, 2026.
The company appointed Zach Sawtelle as chief operating officer and said he will succeed Sabo as chief executive officer upon his retirement.
Sawtelle currently serves as partner and chief operating officer at Compass Group Management LLC, the company's external manager.
Compass Diversified also reaffirmed its full-year outlook.
Additionally, the company said it expects to complete its review of the Management Services Agreement in the coming weeks to better align management and shareholder interests.
CODI shares closed at $10.92 on Wednesday, up 2.63%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.