Ashland Inc. has appointed Scott A. Tozier, the strategic advisor to the CEO and former executive vice president and chief financial officer of Albemarle Corporation, as a new director to its Board of Directors. Tozier will also serve on the Board's Audit Committee and Environmental, Health, Safety, and Quality Committee. With this addition, Ashland temporarily increases the size of the Board to 10 members until the next Annual Stockholders Meeting in January 2025.
Tozier brings a wealth of experience in global executive leadership, financial management, mergers and acquisitions, sustainability, information technology, corporate procurement, and logistics and shared services. His appointment is expected to provide key perspectives for Ashland as it continues to sustainably shape and grow its portfolio through executing, globalizing, innovating, and acquiring.
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company serving customers in various consumer and industrial markets. The company's portfolio spans architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical sectors, with operations in more than 100 countries.
As of the most recent announcement, Ashland has approximately 3,800 employees and is focused on developing practical, innovative, and elegant solutions to complex problems. The company maintains a conscious and proactive mindset for environmental, social, and governance (ESG) matters, aligning with the growing emphasis on sustainability and responsible business practices.
This appointment reflects Ashland's commitment to strengthening its leadership team with individuals who bring diverse expertise and insights from various industries, enhancing the company's ability to navigate evolving market dynamics and deliver value to its stakeholders. As a result of these announcements, the company's shares have moved -2.1% on the market, and are now trading at a price of $93.25. Check out the company's full 8-K submission here.
