Ingevity (NYSE:NGVT) has named Michael P. Smith to the position of
senior vice president, strategy and business development, effective June
20. He will report to Michael Wilson, president and CEO. In this role,
Smith will have responsibility for strategic planning and growth
initiatives throughout the company.
“Mike is an experienced leader in the specialty chemicals sector and
brings to Ingevity a wealth of background in growing businesses both
organically and through mergers and acquisitions,” said Wilson. “He has
a demonstrated track record of driving profitable growth and achieving
strong business results.”
Prior to joining the company, Smith spent the past 23 years with FMC
Corporation, most recently as vice president and global business
director for FMC’s Health and Nutrition business. He started with FMC in
1992 as a business planner, and rose through the organization in
positions of increasing responsibility. He was marketing manager for FMC
Water Treatment Chemicals in Manchester, England; global business
manager for FMC Process Additives, also in Manchester; director of
business planning for FMC Chemicals which included products for
industrial, specialty and agricultural applications; division general
manager for the active oxidants division; division general manager for
hydrogen peroxide; and general manager for food ingredients for FMC
BioPolymer. From 2006 to 2013, Smith was division general manager for
FMC BioPolymer, where he significantly expanded sales through geographic
expansion and the integration of four acquisitions. Prior to joining
FMC, he held several sales and management positions with Hercules
Incorporated, a supplier of pine-based and hydrocarbon resins to the
paper, inks, coatings and adhesives markets.
Smith holds a bachelor’s degree in chemistry from the University of
Virginia and a Master of Business Administration degree from the
University of Michigan.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals and high-performance carbon
materials and technologies that help customers solve complex problems.
These products are used in a variety of demanding applications,
including asphalt paving, oil exploration and production, agrochemicals,
adhesives, lubricants, printing inks and automotive components that
reduce gasoline vapor emissions. Through a team of talented and
experienced people, Ingevity develops, manufactures and brings to market
products and processes that purify, protect and enhance the world around
us. Headquartered in North Charleston, S.C., Ingevity operates from 25
locations around the world and employs approximately 1,500 people. The
company is traded on the New York Stock Exchange (NYSE: NGVT). For more
information, visit www.ingevity.com.
Forward-Looking Statements
This announcement contains “forward-looking statements,” that is,
information related to future, not past, events. Such statements
generally include the words “may,” “could,” “should,” “believes,”
“plans,” “intends,” “targets,” “will,” “expects,” “suggests,”
“anticipates,” “outlook,” “continues,” “forecast,” “project,” or similar
expressions. Forward-looking statements include, without limitation,
expected financial positions; results of operations; cash flows;
financing plans; business strategy; operating plans; capital and other
expenditures; competitive positions; growth opportunities for existing
products; benefits from new technology and cost reduction initiatives,
plans and objectives; and markets for securities. Like other businesses,
Ingevity is subject to risks and uncertainties that could cause its
actual results to differ materially from its projections or that could
cause other forward-looking statements to prove incorrect. 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, general economic and financial conditions; international
sales and operations; currency exchange rates and currency devaluation;
compliance with U.S. and foreign regulations by operations outside the
United States; attracting and retaining key personnel; conditions in the
automotive market; worldwide air quality standards; declining volumes in
the printing inks market; government infrastructure spending; the
limited supply of crude tall oil (“CTO”); lack of access to sufficient
CTO; access to and pricing of raw materials; competition from producers
of substitute products; a prolonged period of low energy prices; the
provision of services by third parties at several facilities; natural
disasters, such as hurricanes, winter or tropical storms, earthquakes,
floods, fires or other unanticipated problems such as labor
difficulties, equipment failure or unscheduled maintenance and repair;
protection of intellectual property and proprietary information;
government policies and regulations, including, but not limited to,
those affecting the environment, climate change, tax policies and the
chemicals industry; and lawsuits arising out of environmental damage or
personal injuries associated with chemical manufacturing. These and
other important factors that could cause actual results or events to
differ materially from those expressed in forward-looking statements
that may have been made in this document are described or will be
described in our filings with the U.S. Securities and Exchange
Commission, including our Form 10 Registration Statement. Readers are
cautioned not to place undue reliance on Ingevity’s projections and
forward-looking statements, which speak only as the date thereof.
Ingevity undertakes no obligation to publicly release any revision to
the projections and forward-looking statements contained in this
announcement, or to update them to reflect events or circumstances
occurring after the date of this announcement.
Ingevity
Laura Woodcock, 843-746-8197
laura.woodcock@ingevity.com
www.ingevity.com