Ingevity announces CEO transition as Fortson departs company; Fernandez-Moreno appointed as interim president and CEO
Ingevity (NYSE: NGVT) announced that John Fortson has departed as president, CEO, and board member, effective October 2, 2024. The board appointed current director Luis Fernandez-Moreno as interim president and CEO while searching for a permanent replacement.
Fernandez-Moreno, a board member since Ingevity's 2016 spinoff, has 40 years of experience in the specialty chemicals industry. He previously led Ashland Inc.'s Chemicals division and held executive positions at Arch Chemicals and Dow Chemical Company.
The company plans to release its third quarter 2024 earnings after market close on October 30, 2024, with a live webcast discussion on October 31. Ingevity operates in three segments: Performance Materials, Advanced Polymer Technologies, and Performance Chemicals, providing solutions for various industries globally.
Ingevity (NYSE: NGVT) ha annunciato che John Fortson ha lasciato la carica di presidente, CEO e membro del consiglio, con effetto dal 2 ottobre 2024. Il consiglio ha nominato l'attuale direttore Luis Fernandez-Moreno come presidente e CEO ad interim mentre si cerca un sostituto permanente.
Fernandez-Moreno, membro del consiglio dal 2016, anno dello spin-off di Ingevity, vanta 40 anni di esperienza nel settore delle sostanze chimiche speciali. In precedenza ha guidato la divisione Chimica di Ashland Inc. e ha ricoperto posizioni dirigenziali presso Arch Chemicals e Dow Chemical Company.
L'azienda prevede di pubblicare i suoi risultati finanziari del terzo trimestre 2024 dopo la chiusura del mercato il 30 ottobre 2024, con una discussione in diretta tramite webcast il 31 ottobre. Ingevity opera in tre segmenti: Materiali di Prestazione, Tecnologie Polimeriche Avanzate e Chimiche di Prestazione, fornendo soluzioni per diverse industrie a livello globale.
Ingevity (NYSE: NGVT) anunció que John Fortson ha dejado su cargo como presidente, CEO y miembro de la junta, a partir del 2 de octubre de 2024. La junta nombró al actual director Luis Fernandez-Moreno como presidente y CEO interino mientras busca un reemplazo permanente.
Fernandez-Moreno, miembro de la junta desde el escisión de Ingevity en 2016, cuenta con 40 años de experiencia en la industria de productos químicos especiales. Anteriormente dirigió la división de Productos Químicos de Ashland Inc. y ocupó puestos ejecutivos en Arch Chemicals y Dow Chemical Company.
La empresa planea publicar sus resultados del tercer trimestre de 2024 después del cierre del mercado el 30 de octubre de 2024, con una discusión en vivo a través de webcast el 31 de octubre. Ingevity opera en tres segmentos: Materiales de Desempeño, Tecnologías de Polímeros Avanzados y Químicos de Desempeño, proporcionando soluciones para varias industrias a nivel mundial.
인제비티 (NYSE: NGVT)는 존 포르츠온이 2024년 10월 2일부로 사장, CEO 및 이사회 멤버직을 떠났다고 발표했습니다. 이사회는 현재 이사인 루이스 페르난데스-모레노를 임시 사장 겸 CEO로 임명했으며, 영구 대체자를 찾고 있습니다.
페르난데스-모레노는 2016년 인제비티 스핀오프 이후 이사회 멤버로 활동해왔으며, 특수 화학 산업에서 40년의 경력을 가지고 있습니다. 그는 이전에 애슐랜드(Ashland Inc.)의 화학 부서를 이끌었고, 아치 케미컬스(Arch Chemicals)와 다우 케미컬(Dow Chemical Company)에서 임원직을 역임했습니다.
회사는 2024년 10월 30일 시장 마감 후 2024년 3분기 실적을 발표할 계획이며, 10월 31일에 실시간 웹캐스트 토론이 있을 예정입니다. 인제비티는 성능 재료, 고급 폴리머 기술 및 성능 화학의 세 가지 부문에서 전 세계 다양한 산업을 위한 솔루션을 제공합니다.
Ingevity (NYSE: NGVT) a annoncé que John Fortson a quitté ses fonctions de président, directeur général et membre du conseil d'administration, à compter du 2 octobre 2024. Le conseil d'administration a nommé l'actuel directeur Luis Fernandez-Moreno en tant que président et directeur général par intérim, en attendant la recherche d'un remplaçant permanent.
Fernandez-Moreno, membre du conseil depuis le spin-off d'Ingevity en 2016, a 40 ans d'expérience dans l'industrie des produits chimiques spéciaux. Auparavant, il a dirigé la division Chimie d'Ashland Inc. et a occupé des postes de direction chez Arch Chemicals et Dow Chemical Company.
L'entreprise prévoit de publier ses résultats du troisième trimestre 2024 après la fermeture des marchés le 30 octobre 2024, accompagnés d'une discussion en direct par webcast le 31 octobre. Ingevity opère dans trois segments : Matériaux de Performance, Technologies Polymères Avancées et Produits Chimiques de Performance, offrant des solutions pour diverses industries à l'échelle mondiale.
Ingevity (NYSE: NGVT) gab bekannt, dass John Fortson zum 2. Oktober 2024 als Präsident, CEO und Mitglied des Vorstands ausgeschieden ist. Der Vorstand hat den aktuellen Direktor Luis Fernandez-Moreno zum interims Präsidenten und CEO ernannt, während nach einem dauerhaften Nachfolger gesucht wird.
Fernandez-Moreno, der seit der Spaltung von Ingevity im Jahr 2016 Mitglied des Vorstands ist, bringt 40 Jahre Erfahrung in der Spezialchemiebranche mit. Zuvor leitete er die Chemiesparte von Ashland Inc. und hatte Führungspositionen bei Arch Chemicals und Dow Chemical Company inne.
Das Unternehmen plant die Veröffentlichung seiner Ergebnisse für das dritte Quartal 2024 nach Börsenschluss am 30. Oktober 2024, gefolgt von einer Live-Webcast-Diskussion am 31. Oktober. Ingevity ist in drei Segmente tätig: Leistungsmaterialien, fortgeschrittene Polymertechnologien und Leistungschemikalien, und bietet Lösungen für verschiedene Branchen weltweit an.
- Appointment of experienced industry veteran Luis Fernandez-Moreno as interim CEO
- Smooth leadership transition with immediate appointment of interim CEO
- Fernandez-Moreno's 40-year experience in specialty chemicals industry
- Company's global presence with operations in 31 countries
- Unexpected departure of John Fortson as president and CEO
- Potential uncertainty during the search for a permanent CEO replacement
“On behalf of the entire board, I want to thank John for his leadership and dedication to Ingevity over the past nine years,” said Jean Blackwell, chair of the board of directors. “Under John’s guidance, Ingevity successfully transitioned into a standalone public company, expanded its global footprint and established itself as a leader in key markets. We are grateful for his contributions and wish him the very best in his future endeavors.”
“I thank the board for letting me serve Ingevity for these years, and I wish Ingevity the best going forward,” said John Fortson.
“Ingevity has made significant progress in recent years, successfully navigating a period of strategic transformation and portfolio optimization,” said Fernandez-Moreno. “I, too, thank John for his service and firmly believe that Ingevity is well-positioned for long-term success thanks to his leadership. I am eager to work alongside our talented and committed team to build upon our progress thus far and focus on successfully executing the company’s plans to improve business performance.”
Fernandez-Moreno has been a member of Ingevity’s board of directors since its spinoff in 2016. He was chair of the nominating and governance committee, a position he resigned to assume the role of interim president and CEO.
Fernandez-Moreno has a 40-year history of successfully leading complex global businesses in the specialty chemicals industry, including as president of Ashland Inc.’s Chemicals division, a
The board has initiated a search process to identify a permanent president and CEO and has retained a leading executive search firm to assist in the process.
Ingevity plans to release its third quarter 2024 earnings after the stock market close on Wednesday, October 30, 2024, and hold a live webcast on Thursday, October 31, to discuss third quarter 2024 fiscal results.
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 agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in
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, leadership transitions; expected financial positions, guidance, results of operations and cash flows; financing plans; and 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 most recent 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241003721926/en/
Caroline Monahan
843-740-2068
caroline.monahan@ingevity.com
Investors:
John E. Nypaver, Jr.
843-740-2002
investors@ingevity.com
Source: Ingevity Corporation
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