By Nick Worth
Damon Barber resigned from his position as president and CEO of Prospect Global Resources Inc. (PGR) on April 28, it was learned. That same day, Chief Financial Officer Gregory M. Dangler was named as Barber’s replacement in the vacated positions.
The company reported the resignation and appointment in a filing to the Securities Exchange Commission (SEC) on May 1. In the SEC filing, Prospect Global officials also noted that, “No changes were made to Mr. Dangler’s employment agreement or compensation as a result of his new appointment.”
According to the filing and the company’s website, Dangler, 32, “has a broad background in private equity investing, development of large-scale technical infrastructure projects, and the financing and management of international growth companies.”
Dangler served as PGR’s vice president of finance from March 2012 until March 2013 when he became the interim chief financial officer. From October 2011 to March 2012, Dangler managed his own investments.
From October 2008 to October 2011, Dangler served as CEO of a technology and telecommunications company he founded. During his tenure there he helped the company raise capital and establish its operating interests in Africa and South America.
Before 2008, Dangler was an associate with ITU Ventures, a leading private equity and venture capital firm. Dangler executed private and public equity transactions, directed activity for mergers and acquisitions, and provided strategic support to portfolio companies while there.
He began his professional career as an Air Force officer managing complex and large-scale infrastructure projects, and received a Meritorious Service Medal for outstanding achievement in delivering a large-scale technology program, which directly supported over 20 national security space launch missions.
Dangler received a B.S. degree in Mechanical Engineering from the United States Air Force Academy and an MBA in Finance from the University of Southern California’s Marshall School of Business.
Dangler was unavailable for comment on the change in PGR’s leadership at press time.