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Ingevity elects Kevin Willis to its board of directors

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Ingevity (NYSE:NGVT) has elected J. Kevin Willis to its board of directors, expanding the board to nine members, with eight being independent. Willis currently serves as senior vice president and CFO at Ashland Inc. (NYSE:ASH), where he oversees worldwide financial functions and participates in global strategy setting. During his 37-year tenure at Ashland, Willis has accumulated extensive experience in accounting, finance, and treasury management, including international operations. His expertise includes driving shareholder value through capital allocation planning, operating efficiencies, and business portfolio separations, notably Ashland's separation from Valvoline.

Ingevity (NYSE:NGVT) ha eletto J. Kevin Willis nel suo consiglio di amministrazione, espandendo il consiglio a nove membri, di cui otto indipendenti. Willis attualmente ricopre il ruolo di vicepresidente senior e CFO presso Ashland Inc. (NYSE:ASH), dove supervisiona le funzioni finanziarie a livello mondiale e partecipa alla definizione della strategia globale. Durante i suoi 37 anni di carriera in Ashland, Willis ha accumulato un'ampia esperienza in contabilità, finanza e gestione della tesoreria, comprese le operazioni internazionali. La sua esperienza include la creazione di valore per gli azionisti attraverso la pianificazione dell'allocazione del capitale, l'efficienza operativa e le separazioni del portafoglio aziendale, in particolare la separazione di Ashland da Valvoline.

Ingevity (NYSE:NGVT) ha elegido a J. Kevin Willis para su junta directiva, ampliando la junta a nueve miembros, de los cuales ocho son independientes. Willis actualmente se desempeña como vicepresidente senior y CFO en Ashland Inc. (NYSE:ASH), donde supervisa las funciones financieras a nivel mundial y participa en la definición de la estrategia global. Durante sus 37 años en Ashland, Willis ha acumulado una amplia experiencia en contabilidad, finanzas y gestión de tesorería, incluidas operaciones internacionales. Su experiencia incluye generar valor para los accionistas a través de la planificación de asignación de capital, eficiencias operativas y separaciones de cartera empresarial, destacando la separación de Ashland de Valvoline.

인게비티 (NYSE:NGVT)는 이사회 위원으로 J. Kevin Willis를 선출하여 이사 수를 9명으로 늘리며 그 중 8명이 독립적으로 구성되게 되었습니다. Willis는 현재 Ashland Inc. (NYSE:ASH)에서 수석 부사장 및 CFO로 재직하며 세계적인 재무 기능을 감독하고 글로벌 전략 수립에 참여하고 있습니다. Ashland에서의 37년 경력 동안 Willis는 회계, 재무 및 재무 관리, 특히 국제 운영에 대한 광범위한 경험을 쌓았습니다. 그의 전문 분야는 자본 배치 계획, 운영 효율성 및 사업 포트폴리오 분리를 통해 주주 가치를 구축하는 것을 포함하며, 특히 Ashland의 Valvoline과의 분리를 주목할 만합니다.

Ingevity (NYSE:NGVT) a élu J. Kevin Willis au conseil d'administration, portant le nombre de membres à neuf, dont huit sont indépendants. Willis occupe actuellement le poste de vice-président senior et CFO chez Ashland Inc. (NYSE:ASH), où il supervise les fonctions financières mondiales et participe à l'élaboration de la stratégie globale. Au cours de ses 37 années chez Ashland, Willis a acquis une vaste expérience en comptabilité, en finance et en gestion de la trésorerie, y compris des opérations internationales. Son expertise inclut la création de valeur pour les actionnaires grâce à la planification de l'allocation de capital, à l'efficacité opérationnelle et aux séparations de portefeuilles d'activités, notamment la séparation d'Ashland de Valvoline.

Ingevity (NYSE:NGVT) hat J. Kevin Willis in seinen Vorstand gewählt und den Vorstand auf neun Mitglieder erweitert, von denen acht unabhängig sind. Willis ist derzeit Senior Vice President und CFO bei Ashland Inc. (NYSE:ASH), wo er die weltweiten Finanzfunktionen überwacht und an der globalen Strategie mitwirkt. Während seiner 37-jährigen Karriere bei Ashland hat Willis umfassende Erfahrungen in den Bereichen Rechnungslegung, Finanzen und Treasury-Management, einschließlich internationaler Operationen, gesammelt. Zu seiner Expertise gehört die Schaffung von Aktionärswert durch Kapitalallokationsplanung, operative Effizienz und Unternehmensportfoliotrennungen, insbesondere die Trennung von Ashland von Valvoline.

Positive
  • Board strengthened with addition of experienced CFO from chemical industry
  • Increased board independence with 8 out of 9 directors being independent
  • Addition of expertise in capital management and corporate transformation
Negative
  • None.

Accomplished chemical industry CFO brings substantial finance and capital management expertise and experience driving corporate transformation

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)-- Ingevity Corporation (NYSE:NGVT) today announced the election of J. Kevin Willis to the board of directors effective today. With Mr. Willis’s election, the Board now includes nine directors, eight of whom are independent.

Mr. Willis is senior vice president and chief financial officer (CFO) at Ashland Inc. (NYSE:ASH), a global additives and specialty ingredients company serving a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceuticals. As CFO, he oversees Ashland's worldwide financial functions and processes, and as a member of Ashland's executive committee, he shares overall responsibility for setting global strategy, managing capital and upholding the company’s operating principles. During Mr. Willis’ 37-year tenure at Ashland, he has held accounting, finance and treasury management roles of increasing responsibility, including an international posting in the Netherlands to standardize processes across European operations.

Jean Blackwell, chair of Ingevity’s board, said, “Kevin is an accomplished leader with extensive experience as CFO of a publicly traded, sustainability-focused specialty chemicals company with international reach. Over the course of his career, he has had an integral role in shaping strategies that create shareholder value through returns-driven capital allocation planning, operating efficiencies initiatives and business portfolio separations, including Ashland’s successful separation from Valvoline. We are confident that Kevin’s insights will be additive to the strategic and operating changes Ingevity is making to accelerate execution and deliver significant, sustainable value creation.”

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and road technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 countries around the world and employs approximately 1,600 people. The company’s common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information, visit ingevity.com. Follow Ingevity on LinkedIn.

Contact:

Caroline Monahan

843-740-2068

caroline.monahan@ingevity.com

Investors:

John E. Nypaver, Jr.

843-740-2002

investors@ingevity.com

Source: Ingevity Corporation

FAQ

Who is the newest board member appointed to Ingevity (NGVT) and what is their background?

J. Kevin Willis, currently senior vice president and CFO of Ashland Inc., has been appointed to Ingevity's board. He brings 37 years of experience in finance, accounting, and treasury management from Ashland.

How many independent directors does Ingevity (NGVT) now have on its board?

Following Kevin Willis's election, Ingevity's board now has eight independent directors out of nine total board members.

What specific expertise does Kevin Willis bring to Ingevity's (NGVT) board?

Willis brings expertise in financial functions, capital management, operating efficiencies, and business portfolio separations, including experience with corporate transformations and international operations.

How will Kevin Willis's appointment impact Ingevity's (NGVT) strategic direction?

Willis's insights are expected to contribute to Ingevity's strategic and operating changes, aimed at accelerating execution and delivering significant, sustainable value creation.

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