Ingevity Corp Executive VP Leaves After 37 Years

By Philip Seaworth • Tuesday, July 01 15:24 • Permanent Link

Ingevity Corporation (NYSE:NGVT) recently announced the departure of Ed Woodcock, the Executive Vice President and President of the Performance Materials segment, following a 37-year career with the company. Dave Li, President and CEO of Ingevity, expressed gratitude for Woodcock's leadership, which contributed significantly to the success and growth of the Performance Materials activated carbon business, particularly in the automotive emissions capture industry.

Under Woodcock's leadership, the Performance Materials segment achieved global expansion, delivered strong profitability, and positioned itself for growth in the hybrid and electric vehicle battery markets. The interim management of the segment will be handled by Andrew Fox, Vice President of Performance Materials and President of the Asia-Pacific region, along with Jonathan Maciver, Vice President Global Commercial, Performance Materials. Woodcock will also aid in the leadership transition.

Ingevity confirmed that it is not making any changes to its previously disclosed full-year guidance despite the leadership transition in the Performance Materials segment.

Ingevity operates in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, encompassing caprolactone polymers; and Performance Chemicals, including specialty chemicals and road technologies. The company's products are utilized in various applications such as adhesives, agrochemicals, asphalt paving, biodegradable bioplastics, coatings, elastomers, pavement markings, and automotive components.

Headquartered in North Charleston, South Carolina, Ingevity operates from 24 locations globally and employs approximately 1,600 people. The company's common stock is traded on the New York Stock Exchange under the ticker symbol "NGVT."

For media inquiries, contact Caroline Monahan at 843-740-2068 or [email protected]. Investors can reach out to John E. Nypaver, Jr. at 843-740-2002 or [email protected]. Following these announcements, the company's shares moved 4.61%, and are now trading at a price of $45.075. Check out the company's full 8-K submission here.

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