Ashland Promotes William Whitaker To Vice President And Treasurer
As treasurer, Whitaker will have responsibility for global treasury operations, cash management, financial risk management and debt and capital markets. He will report to J. Kevin Willis, Ashland senior vice president and CFO.
Ashland Brand Transformation Recognized In The 2018 REBRAND 100 Global Awards
Five companies were recognized with “Best of” awards by REBRAND. Another 45 firms – including Ashland – were honored with awards of “distinction.” The remaining 50 received “merit” awards.
Ashland Consolidates Leadership Roles
This is part of ongoing plan to drive profitable growth following the planned final separation of Valvoline this spring.
Ashland Inc., TNK-BP Sign Distribution Agreement for Valvoline in Russia
The five-year agreement will allow for the distribution of Valvoline motor oil to the passenger car market in Russia.
Ashland to Acquire Specialty Chemicals Supplier Hercules in $3.3 Billion Deal
Ashland Inc. and Hercules Inc. have entered into a definitive merger agreement under which Ashland would acquire all of the outstanding shares of Hercules for $18.60 per share in cash and 0.093 of a share of Ashland common stock for each share of Hercules common stock.The transaction, which would create a major, global specialty chemicals company, is expected to close by the end of calendar 2008.
Ashland Inc. Reports First Quarter Income of 60 Cents Per Share from Continuing Operations
Ashland Inc. has announced preliminary income from continuing operations of $38 million, or 60 cents per share, for the quarter ended Dec. 31, 2007, the first quarter of its fiscal year. This compares with income from continuing operations of $53 million, or 81 cents per share, in the same prior-year quarter. Among the factors contributing to the decline were a 21-percent increase in depreciation expense and a 6 percentage-point increase in the income tax rate.
Gupta Joins Ashland as Director, Valvoline International
Naveen Gupta will join Ashland Inc. as director of global heavy duty, OEM and emerging markets for the company’s Valvoline International business. The new position will be effective Oct. 1, according to Craig Moughler, senior vice president and managing director, Valvoline International. Currently, Gupta serves as managing director of Valvoline Cummins Limited, a joint venture partnership in India.
Ashland’s Valvoline Division to Purchase Car Brite
Valvoline, a division of Ashland Inc., has signed an agreement to purchase Car Brite, a marketer of products for the U.S. professional automotive reconditioning industry. Valvoline will purchase the business from E & A Industries of Indianapolis, Ind., in a cash transaction. Terms of the agreement were not disclosed.
Coriell Promoted to VP of Operations at Ashland Inc.
James Coriell has been promoted to vice president of operations for the Valvoline division of Ashland Inc. He will be responsible for all of Valvoline’s chemical, Eagle One and antifreeze operations.
Tower Automotive CEO Elected to Ashland Inc. Board
Kathleen Ligocki, president and CEO of Tower Automotive, has been elected to the board of directors of Ashland Inc.