Ashland Inc. announced that Kevin Willis, Senior Vice President and Chief Financial Officer, decided to leave the company effective May 16, 2025, to pursue another opportunity. Willis had been with Ashland since 1987 and played a key role in the company's transformation into a specialty ingredients provider. His departure is not related to any disagreement with the company's financial statements or practices.
The board of directors appointed William C. Whitaker, Vice President, Finance, and Director, Investor Relations, to serve as interim Chief Financial Officer. Whitaker joined Ashland in 2015 and has held various positions in corporate development, treasury, financial planning and analysis, and investor relations. Samuel A. Richardson, Controller, was also appointed Vice President, Controller, and Principal Accounting Officer.
Guillermo Novo, Ashland's chair and chief executive officer, thanked Willis for his contributions and expressed confidence in the leadership team to ensure a smooth transition. The company is committed to maintaining stability and achieving its goals during this period of executive change.
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