Calumet Announces Board Member Will Not Stand for Re-Election

Core Viewpoint - Calumet, Inc. announced that Jennifer Straumins will not seek re-election to the Board of Directors and will retire at the end of her current term, which concludes at the 2026 Annual Meeting of Stockholders [1]. Group 1: Board Member Information - Jennifer Straumins has been a member of the Board since July 2024 and previously served on the board of Calumet GP, LLC from February 2021 to July 2024 [2]. - She has a total of 13 years of experience as an employee of the Partnership [2]. Group 2: Contributions and Acknowledgments - The Chair of the Board, Steve Mawer, expressed gratitude for Straumins' dedicated commitment and valuable contributions to the Board [3]. - CEO Todd Borgmann highlighted her impact on Calumet and the importance of her leadership and support in executing the company's growth strategy [3]. - Straumins reflected on her experiences and expressed gratitude towards her colleagues and the support from investors and banking partners [3]. Group 3: Board Composition and Governance - The Board, with the help of its Nominating and Governance Committee, will continue to assess Board composition and skills to ensure alignment with the company's strategy and governance best practices [4]. Group 4: Company Overview - Calumet, Inc. manufactures, formulates, and markets a diverse range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [5]. - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [5].