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Specialty chemicals business is expected to become a publicly traded company as the result of a spin-off.
March 8, 2016
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
WestRock Company has named a board of directors for Ingevity, the company’s specialty chemicals business that is expected to become a publicly traded company as the result of a spin-off from WestRock. The Ingevity board includes seven members with extensive operations and corporate governance experience, including many in the chemical industry. Richard B. Kelson will serve as the board’s chairman. Kelson is currently chairman, president and CEO of ServCo, LLC, a strategic sourcing and supply chain firm based in New York City. He was EVP and CFO for Alcoa, Inc., for nearly a decade, retiring in 2006. He also served as a member of the board of directors of MeadWestvaco Corporation and its predecessor Westvaco from 2001 to 2015. Jean S. Blackwell, is a former 16-year executive with Cummins Inc., a manufacturer of diesel and natural gas engines, power generation equipment and other power systems and supplies. She served as EVP of corporate responsibility and CEO of the Cummins Foundation; EVP and CFO; VP, business services; VP, human resources; and VP and general counsel. Luis Fernandez-Moreno, is SVP of Ashland Inc., a specialty chemical company, and president of its Chemicals Group. During his career with Ashland, Fernandez-Moreno has served as president of Ashland Specialty Ingredients and as president of Ashland Water Technologies. Prior to joining Ashland, he was EVP of HTH Water Products & Wood Protection for Arch Chemicals, Inc., and before that spent approximately 25 years with chemical producer Rohm & Haas Company. J. Michael Fitzpatrick, Ph.D., is former chairman and CEO of Citadel Plastics Holding, Inc., a global provider of thermoplastic and engineered composite compounds. Prior to joining Citadel, Fitzpatrick was a 30-year executive with Rohm & Haas Company, serving most recently as president and COO. Frederick J. Lynch is president, CEO and board member of Masonite International Corporation, a global manufacturer of interior doors and entry door systems. Prior to joining Masonite, Lynch was with Alpharma Inc., where he served as president, human generics division and SVP, global supply chain. Before that, Lynch spent nearly 18 years at Honeywell International Inc., most recently as VP and GM of its specialty chemical business. Daniel F. Sansone is a former 26-year executive with Vulcan Materials Company, a US producer of construction aggregates, concrete, asphalt mix and cement. While with Vulcan, Sansone was EVP of strategy, EVP and CFO, and corporate controller. Prior to Vulcan, Sansone served in various roles with Monroe Auto Equipment, FMC Corporation and Kraft Incorporated. Michael Wilson, Ingevity’s president and CEO, will also serve on the board.
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