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The latest announcement is out from Calumet Specialty Products ( (CLMT) ).
On March 23, 2026, Calumet, Inc. board member Jennifer G. Straumins informed the board she would not stand for re-election and would retire at the end of her term at the 2026 Annual Meeting of Stockholders, a decision the company said was not related to any disagreement over operations or policies. In a March 25, 2026 announcement, Calumet highlighted Straumins’ long tenure as an employee and director, her roles on the Strategy and Growth and Risk Committees, and said the board, through its Nominating and Governance Committee, will continue reviewing its composition and skills to align with the company’s strategy and governance practices.
The leadership tributes from Chair Steve Mawer and CEO Todd Borgmann underscored Straumins’ influence on Calumet’s growth strategy and specialty products expertise, signaling continuity rather than disruption in boardroom dynamics. For investors and other stakeholders, the structured transition and ongoing board evaluation suggest a focus on maintaining strategic momentum and governance standards even as a long-serving insider exits the board.
The most recent analyst rating on (CLMT) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Calumet Specialty Products stock, see the CLMT Stock Forecast page.
Spark’s Take on CLMT Stock
According to Spark, TipRanks’ AI Analyst, CLMT is a Neutral.
The score is held back primarily by weak financial fundamentals—especially negative equity, recent net losses, and historically volatile cash flows—despite 2025 improvement. Offsetting factors include a constructive technical trend and a relatively strong earnings-call outlook focused on deleveraging and execution, while valuation remains unattractive due to a negative P/E and no dividend support.
To see Spark’s full report on CLMT stock, click here.
More about Calumet Specialty Products
Calumet, Inc. is a specialty products and renewable fuels manufacturer that formulates and markets a diversified slate of branded products to consumer-facing and industrial customers. Headquartered in Indianapolis, Indiana, the company operates twelve facilities across North America, serving a broad range of end markets with niche, higher-value hydrocarbon and renewable solutions.
Average Trading Volume: 1,344,953
Technical Sentiment Signal: Buy
Current Market Cap: $2.43B
See more insights into CLMT stock on TipRanks’ Stock Analysis page.