The election of Guillermo Novo to succeed William Wulfsohn at Ashland drew the most reader interest last week (Novo to Become Ashland Chairman and CEO Upon Wulfsohn Retirement): “Ashland Global Holdings Inc. recently announced that its board of directors has elected Guillermo Novo chairman and CEO of Ashland, effective December 31, 2019. William A. Wulfsohn will continue to serve as chairman and CEO through the end of the year to ensure a smooth transition. Following Wulfsohn’s departure from Ashland, the board will be composed of 10 members, nine of whom are independent.
“According to Ashland, Novo is an accomplished industry executive, bringing more than three decades of specialty materials experience to his role. From 2016-2019, he served as president and CEO of Versum Materials. He worked at Air Products and Chemicals, Inc. from 2012-2016, most recently as executive vice president of Materials Technologies. Prior to joining Air Products and Chemicals, Novo worked at Dow Chemical Co., where he served as group vice president for Dow Coating Materials. Earlier in his career, he progressed through a variety of commercial, marketing, and management positions over the course of 24 years with Dow and Rohm and Haas. In May 2019, he was elected to the Ashland board.
“‘Guillermo’s election represents the completion of a comprehensive and thoughtful assessment by the board regarding the right qualities and experience for the next leader of Ashland,’ said Jay Ihlenfeld, lead independent director of Ashland. ‘Guillermo is a seasoned executive who is exceptionally positioned to lead our company and enhance shareholder value given his deep knowledge of the specialty materials space as well as his years of global leadership and operations experience. Having joined Ashland’s board in May, Guillermo is ready to hit the ground running, and we are confident that Bill and Guillermo working closely together will ensure a seamless transition of responsibilities for all of our stakeholders….’”
Top 5 News that Sticks for October 13-19
Novo to Become Ashland Chairman and CEO Upon Wulfsohn Retirement
#5 last week
- Bostik Receives Kao China Award
- RPM Reports Record Net Sales in First 2020 Fiscal Quarter
- Huntsman Completes Sasol-Huntsman Joint Venture Acquisition
- Wacker Launches Production of Pyrogenic Silica in the U.S.
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.