IC Potash Appoints Mehdi Azodi as Interim Chief Executive Officer
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IC Potash Corp. has appointed Mehdi Azodi as interim chief executive officer.
Mehdi Azodi has served as the company’s director of investor relations since 2013 and has more than 15 years of experience in capital markets, acting as a consultant to a number of private and TSX/NYSE-listed companies to provide business consulting and capital markets strategy. He replaces Randy Foote, who is retiring. Foote will continue to share his operations expertise on a consulting basis.
“We are delighted to have Mr. Azodi head the ICP team. We believe his leadership and commitment to financing the company will help it to position it for the next phase of its operations,” said George Poling, chairman of IC Potash.
About IC Potash
ICP has demonstrated a low-cost method to produce sulfate of potash (SOP) from its Ochoa polyhalite deposit in southeast New Mexico and seeks to become a primary, long-term producer of SOP. SOP is a non-chloride potash fertilizer widely used in the horticultural industry and for high value crops, such as fruits, vegetables, tobacco and potatoes. It is applicable for soils where there is substantial agricultural activity, high soil salinity, and in arid regions. The Ochoa Project has access to excellent local labor resources, low-cost electricity and natural gas, an approved non-potable water source, rail lines, and the Port of Galveston, Texas. ICP’s land holdings consist of approximately 98,500 acres of federal preference right potassium leases, federal subsurface potassium prospecting permits and State of New Mexico potassium mining leases
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