Ingevity announces appointment of David H. Li as president and CEO
Ingevity (NYSE:NGVT) has appointed David H. Li as president and CEO, effective April 7, 2025. Li, who brings over 25 years of experience in the specialty materials industry, will succeed interim president and CEO Luis Fernandez-Moreno, who will remain on the board.
Li previously served as CEO, president and board member of CMC Materials, Inc., a global supplier of advanced materials for semiconductor and energy industries, until its sale to Entegris, Inc. in 2022. Board chair Jean Blackwell highlighted Li's proven track record in repositioning businesses and achieving substantial growth, strong financial performance, and outstanding stockholder returns.
Under Fernandez-Moreno's interim leadership since October 2024, Ingevity has implemented strategic initiatives, including portfolio management, resulting in improved operational performance and free cash flow generation.
Ingevity (NYSE:NGVT) ha nominato David H. Li come presidente e CEO, con effetto dal 7 aprile 2025. Li, che porta con sé oltre 25 anni di esperienza nell'industria dei materiali speciali, succederà all'attuale presidente e CEO ad interim Luis Fernandez-Moreno, che rimarrà nel consiglio di amministrazione.
Li ha precedentemente ricoperto il ruolo di CEO, presidente e membro del consiglio di CMC Materials, Inc., un fornitore globale di materiali avanzati per le industrie dei semiconduttori e dell'energia, fino alla sua vendita a Entegris, Inc. nel 2022. La presidente del consiglio Jean Blackwell ha sottolineato il comprovato track record di Li nel riposizionare le aziende e nel raggiungere una crescita sostanziale, una forte performance finanziaria e rendimenti eccezionali per gli azionisti.
Sotto la leadership ad interim di Fernandez-Moreno da ottobre 2024, Ingevity ha implementato iniziative strategiche, inclusa la gestione del portafoglio, che hanno portato a un miglioramento delle performance operative e alla generazione di flusso di cassa libero.
Ingevity (NYSE:NGVT) ha nombrado a David H. Li como presidente y CEO, con efecto a partir del 7 de abril de 2025. Li, que aporta más de 25 años de experiencia en la industria de materiales especiales, sucederá al presidente y CEO interino Luis Fernandez-Moreno, quien permanecerá en la junta.
Li anteriormente se desempeñó como CEO, presidente y miembro de la junta de CMC Materials, Inc., un proveedor global de materiales avanzados para las industrias de semiconductores y energía, hasta su venta a Entegris, Inc. en 2022. La presidenta de la junta, Jean Blackwell, destacó el historial comprobado de Li en el reposicionamiento de empresas y en la consecución de un crecimiento sustancial, un sólido rendimiento financiero y excelentes retornos para los accionistas.
Bajo el liderazgo interino de Fernandez-Moreno desde octubre de 2024, Ingevity ha implementado iniciativas estratégicas, incluida la gestión de cartera, que han resultado en una mejora del rendimiento operativo y la generación de flujo de caja libre.
인제비티 (NYSE:NGVT)는 데이비드 H. 리를 2025년 4월 7일부터 사장 겸 CEO로 임명했습니다. 리는 특수 재료 산업에서 25년 이상의 경험을 가지고 있으며, 임시 사장 겸 CEO인 루이스 페르난데스-모레노를 이어받게 됩니다. 페르난데스-모레노는 이사회에 남아 있습니다.
리 전 CEO는 2022년 엔테그리스(Entegris, Inc.)에 매각될 때까지 반도체 및 에너지 산업을 위한 고급 재료의 글로벌 공급업체인 CMC Materials, Inc.의 CEO, 사장 및 이사로 재직했습니다. 이사회 의장인 진 블랙웰은 리의 기업 재편 및 상당한 성장, 강력한 재무 성과, 뛰어난 주주 수익을 달성한 입증된 실적을 강조했습니다.
2024년 10월부터 페르난데스-모레노의 임시 리더십 하에 인제비티는 포트폴리오 관리 등 전략적 이니셔티브를 시행하여 운영 성과 개선 및 자유 현금 흐름 생성을 이끌어냈습니다.
Ingevity (NYSE:NGVT) a nommé David H. Li au poste de président et CEO, à compter du 7 avril 2025. Li, qui possède plus de 25 ans d'expérience dans l'industrie des matériaux spéciaux, succédera à Luis Fernandez-Moreno, président et CEO par intérim, qui restera au conseil d'administration.
Li a précédemment été CEO, président et membre du conseil d'administration de CMC Materials, Inc., un fournisseur mondial de matériaux avancés pour les industries des semi-conducteurs et de l'énergie, jusqu'à sa vente à Entegris, Inc. en 2022. La présidente du conseil, Jean Blackwell, a souligné le parcours éprouvé de Li dans le repositionnement des entreprises et l'atteinte d'une croissance substantielle, d'une solide performance financière et de rendements exceptionnels pour les actionnaires.
Sous la direction intérimaire de Fernandez-Moreno depuis octobre 2024, Ingevity a mis en œuvre des initiatives stratégiques, y compris la gestion de portefeuille, ce qui a entraîné une amélioration des performances opérationnelles et la génération d'un flux de trésorerie libre.
Ingevity (NYSE:NGVT) hat David H. Li zum Präsidenten und CEO ernannt, mit Wirkung zum 7. April 2025. Li bringt über 25 Jahre Erfahrung in der Spezialmaterialindustrie mit und wird den interimistischen Präsidenten und CEO Luis Fernandez-Moreno ablösen, der im Vorstand bleiben wird.
Li war zuvor CEO, Präsident und Vorstandsmitglied von CMC Materials, Inc., einem globalen Anbieter von fortschrittlichen Materialien für die Halbleiter- und Energieindustrie, bis zum Verkauf an Entegris, Inc. im Jahr 2022. Die Vorstandsvorsitzende Jean Blackwell hob Lis nachgewiesene Erfolgsbilanz bei der Neupositionierung von Unternehmen sowie bei der Erzielung substantiellen Wachstums, starker finanzieller Leistung und herausragender Renditen für die Aktionäre hervor.
Unter der interimistischen Leitung von Fernandez-Moreno seit Oktober 2024 hat Ingevity strategische Initiativen umgesetzt, einschließlich des Portfoliomanagements, was zu einer Verbesserung der operativen Leistung und zur Generierung von freiem Cashflow geführt hat.
- Appointment of experienced CEO with 25+ years in specialty materials industry
- New CEO's proven track record in driving growth and stockholder returns
- Improved operational performance and free cash flow generation under interim leadership
- Strategic portfolio management initiatives already in progress
- Potential disruption during leadership transition period
- Nearly one-year wait until new CEO takes office (April 2025)
Li brings 25-year+ record of driving successful corporate transformation, long-term growth and stockholder value creation at premier global specialty materials supplier
Li has more than 25 years of experience in the specialty materials industry. He most recently served as CEO, president and a member of the board of CMC Materials, Inc., a global supplier of advanced materials focused on the semiconductor and energy industries, prior to its sale to Entegris, Inc. in 2022.
“David (Dave) has a broad and proven track record of repositioning businesses across product lines and geographies to achieve substantial growth, strong financial performance and outstanding stockholder returns,” said Ingevity’s board chair, Jean Blackwell. “These accomplishments and his ability to drive strategic execution and organizational excellence across global organizations make Dave the ideal CEO to lead Ingevity and enable the company to realize its full potential as a world class specialty chemicals and materials manufacturer.”
“It is an honor to step into the president and CEO role at this pivotal time and have the opportunity to build on the strong momentum the Ingevity board and management team have created,” said Li. “Over the course of my career, success has been fueled by building high-performing teams and reshaping portfolios to solve customers’ greatest challenges. I look forward to leveraging my experience to unlock the value within Ingevity and position the company for long-term profitable growth and superior value creation.”
“On behalf of the board, I would like to thank Luis for his service to Ingevity as interim president and CEO,” said Blackwell. “Under his leadership, Ingevity has undertaken a number of strategic initiatives, including a proactive approach to portfolio management, that have resulted in improved operational performance and free cash flow generation. His work as interim CEO made his input on this hiring decision even more valuable, and we look forward to continuing to benefit from Luis’s experience and leadership as a member of the Ingevity board.”
About David H. Li
Li served as chief executive officer, president and a member of the board of CMC Materials from January 2015 to July 2022. Over his tenure and at the time of CMC’s sale to Entegris, the company had delivered a four-fold return to stockholders and reported record revenue of
Before being named chief executive officer and president, Li served as CMC’s vice president of the
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
About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” “believes,” “anticipates” or similar expressions. Forward-looking statements may include, without limitation, the potential benefits of any leadership transition; expected financial positions, guidance, results of operations and cash flows; financing plans; business strategies and expectations. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, such factors detailed from time to time in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K as well as in our other filings with the SEC. These forward-looking statements speak only to management’s beliefs as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Additional Information and Where to Find It
In connection with Ingevity’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”), Ingevity filed on March 10, 2025 with the Securities and Exchange Commission (“SEC”) a preliminary proxy statement on Schedule 14A (the “Proxy Statement”), containing a form of WHITE proxy card. The Proxy Statement is in preliminary form and Ingevity intends to file and mail to stockholders of record entitled to vote at the 2025 Annual Meeting a definitive proxy statement and other documents, including a WHITE proxy card. This communication is not a substitute for any proxy statement or other document that Ingevity has filed or may file with the SEC in connection with any solicitation by Ingevity. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY INGEVITY AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. These documents, including the Proxy Statement (and any amendments or supplements thereto) and other documents filed by Ingevity with the SEC, are available free of charge at the SEC’s website at http://www.sec.gov and at Ingevity’s investor relations website at http://ir.ingevity.com.
Participants in the Solicitation
Ingevity, its directors and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from Ingevity stockholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding such participants and their respective interests in Ingevity by security holdings or otherwise is set forth in the section entitled “Appendix C: Supplemental Information Regarding Participants in the Solicitation” in the Proxy Statement, which was filed with the SEC on March 10, 2025, and will be included in Ingevity’s definitive proxy statement, once available. Additional information regarding the interests of these participants in the solicitation of proxies in respect of the 2025 Annual Meeting and other relevant materials will be filed with the SEC when they become available. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
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Media:
Caroline Monahan
843-740-2068
media@ingevity.com
Kara Brickman / Greg Klassen
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Investors:
John E. Nypaver, Jr.
843-740-2002
investors@ingevity.com
Source: Ingevity Corporation
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