WILMINGTON, DE — Ashland Inc. (NYSE: ASH) announced on Monday the appointment of Scott A. Tozier to its Board of Directors. Tozier, who serves as a strategic advisor to the CEO and is the former executive vice president and chief financial officer of Albemarle Corporation, brings a wealth of experience in financial management, mergers and acquisitions, and sustainability to the table.
Starting April 15, 2024, Tozier will contribute his expertise to the Board’s Audit Committee and Environmental, Health, Safety and Quality Committee, reflecting Ashland’s commitment to governance that prioritizes both financial oversight and sustainability. Before joining Albemarle, Tozier held several key leadership roles at Honeywell International, Inc., and was a member of the Board of Directors for Garrett Motion, Inc.
Tozier’s appointment comes at a crucial time for Ashland, a global leader in specialty materials, as the company seeks to navigate the complexities of global markets while ensuring sustainable growth. His proven track record in leading financial strategies and supporting mergers and acquisitions positions him as a valuable asset to Ashland’s board, especially as the company looks to expand and refine its portfolio through strategic initiatives.
Guillermo Novo, chair and chief executive officer of Ashland, expressed enthusiasm about the new addition to the Board, stating, “I am delighted to welcome Scott as a new director to the Ashland Board.” He further emphasized the importance of Tozier’s role in the company’s future, noting, “As we continue to sustainably shape and grow our portfolio through executing, globalizing, innovating and acquiring, I am confident Scott will provide key perspectives for our team.”
The temporary expansion of Ashland’s Board to 10 members until the next Annual Stockholders Meeting in January 2025 signals the company’s intention to leverage diverse expertise to strengthen its strategic decision-making process. By incorporating Tozier’s comprehensive experience in financial management and sustainability into its leadership framework, Ashland underscores its dedication to responsible corporate governance and its ambition to lead in the specialty materials sector through innovation and strategic growth.
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