Avient Corporation (NYSE: AVNT), an innovator of materials solutions, today announced that its Board of Directors has appointed Ashish K. Khandpur, Ph.D., Avient’s President, Chief Executive Officer and Director, to serve in the additional role of Chairman of the Board, effective May 14, 2025.
Dr. Khandpur succeeds Richard H. Fearon, who had served as Chairman of the Board of Directors since December 2023 and will continue to serve on the Board.
“Since joining Avient, Ashish has made an immediate impact, effectively leading the company in developing and executing a new strategy to amplify innovation and deliver organic growth – the results of which we are already experiencing,” said Mr. Fearon. “Ashish’s appointment reinforces the Board’s confidence in his leadership to generate long-term value creation for Avient stakeholders.”
Dr. Khandpur said, “I’m thankful for the Board’s confidence and for Rick’s recent leadership as Chairman as I began with the company. I look forward to continuing to work with our talented Board and our engaged leadership team to drive our new strategy and deliver ongoing organic growth on the topline with margin expansion on the bottom line.”
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