Itafos announced the appointment of Rory O'Neill and Ricardo De Armas to its Board of Directors. The Company's principal shareholder, CL Fertilizers Holding LLC ("CLF"), designated Mr. O'Neill and Mr. De Armas as its nominees to the Company's Board of Directors pursuant to the previously announced investor rights agreement entered into on December 31, 2019, between the Company and CLF. Mr. O'Neill is Chief Executive Officer and Managing Partner at Castlelake. Mr. O'Neill founded Castlelake in 2005 and is responsible for the firm's overall direction, including all investment and operational activities, as well as establishing the firm's vision, culture and investment approach. Mr. De Armas is a Director at Castlelake. Mr. De Armas joined Castlelake in 2016 as part of the Global Special Situations team and is responsible for investments in emerging markets across a variety of sectors including agribusiness and metals and mining. Prior to joining Castlelake, Mr. De Armas was Vice President at De Jong Capital and Principal at Zaff Capital where he was instrumental in the acquisitions and restructurings that ultimately resulted in the formation of Itafos.