Ingevity mourns passing of Chairman of the Board Rick Kelson
February 15 2021 - 6:15AM
Business Wire
Ingevity Corporation (NYSE:NGVT) today announced that Richard B.
Kelson, 74, chairman of the board of Ingevity, passed away on
Saturday, February 13 in New York City. Kelson served as the
company’s chairman since its spin-off from WestRock in May
2016.
“Rick’s experience, wisdom and warmth were critical to the
formation and success of our company,” said John Fortson, president
and CEO. “His fatherly guidance and counsel were hallmarks of his
tenure with Ingevity. He was especially effective as our interim
CEO, and the strength of his presence and leadership served the
company greatly during this transition. He was truly an exceptional
business leader, but more importantly, he was a gentle soul and a
compassionate friend. On behalf of Ingevity’s board, management and
employees, I express our deepest condolences to Rick’s wife, Ellen,
and his family. Rick will be sorely missed.”
Kelson grew up in the southern suburbs of Pittsburgh. He
received a Bachelor of Arts degree in political science from the
University of Pennsylvania and a Juris Doctor degree from the
University of Pittsburgh. He also served in the U.S. Army Reserves.
He spent more than 30 years with Alcoa, Inc., serving in senior
management roles including positions in the company’s legal
department and as executive vice president – Environment, Health
and Safety and general counsel, and as a member of Alcoa’s
Executive Council. He ultimately rose to become the company’s
executive vice president and chief financial officer for nearly a
decade. He retired from Alcoa in 2006 holding the position of
chairman’s counsel. After his retirement, Kelson remained active in
business and was chairman, president and chief executive officer of
ServCo LLC since 2009. He also served as an operating advisor with
Pegasus Capital Advisors, L.P. from 2006 to 2010. In addition to
serving as chairman of the board of Ingevity, Kelson was a member
of the board of directors of Commercial Metals Corporation, where
he served as lead director from 2014 to 2019, and a member of the
board of Ecovative Design LLC. He previously served on the boards
of directors of PNC Financial Services Group, Inc. (2002-2020),
MeadWestvaco Corporation, formerly Westvaco (2001-2015), Anadigics,
Inc. (2015-2016), and Lighting Science Group Corporation
(2007-2010). He was a member of the Board of Trustees at Carnegie
Mellon University from 2000 to 2006 and served on the board of the
University of Pittsburgh Law School Board of Visitors since 2000.
Kelson was a member of the Board of Directors for the non-profit
KaBOOM, Inc. from 2008 until 2014, where he served as Chairperson
of the Board for the majority of his term.
Ingevity will make a donation in memory of Rick Kelson to the
Penn Center for Research on Coronavirus. The company’s board will
select a new chairman over the next several days who will preside
over the regularly scheduled board meetings later this week. The
company will make an announcement subsequent to the board’s
decision.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify,
protect, and enhance the world around us. Through a team of
talented and experienced people, we develop, manufacture and bring
to market solutions that help customers solve complex problems and
make the world more sustainable. We operate in two reporting
segments: Performance Chemicals, which includes specialty chemicals
and engineered polymers; and Performance Materials, which includes
high-performance activated carbon. These products are used in a
variety of demanding applications, including asphalt paving, oil
exploration and production, agrochemicals, adhesives, lubricants,
publication inks, coatings, elastomers, bioplastics and automotive
components that reduce gasoline vapor emissions. Headquartered in
North Charleston, South Carolina, Ingevity operates from 25
locations around the world and employs approximately 1,750 people.
The company is traded on the New York Stock Exchange (NYSE: NGVT).
For more information visit www.ingevity.com.
Cautionary Statements About Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995. Such
statements generally include the words “will,” “plans,” “intends,”
“targets,” “expects,” “outlook,” or similar expressions.
Forward-looking statements may include, without limitation,
expected financial positions, results of operations and cash flows;
financing plans; business strategies and expectations; operating
plans; and the impact of COVID-19. Actual results could differ
materially from the views expressed. Factors that could cause
actual results to materially differ from those contained in the
forward-looking statements, or that could cause other
forward-looking statements to prove incorrect, include, without
limitation, adverse effects from the COVID-19 pandemic; adverse
effects of general economic and financial conditions; risks related
to international sales and operations; and the other factors
detailed from time to time in the reports we file with the SEC,
including those described under "Risk Factors" in our Annual Report
on Form 10-K and other periodic filings. These forward-looking
statements speak only as of the date of this press release.
Ingevity assumes no obligation to provide any revisions to, or
update, any projections and forward-looking statements contained in
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210215005057/en/
Amy Chiconas
843-746-8197 media@ingevity.com
Investors: Jack
Maurer 843-746-8242
investors@ingevity.com
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