Ashland Board appoints Ashish K. Kulkarni as new director

Core Insights - Ashland Inc. has appointed Ashish K. Kulkarni to its Board of Directors, effective May 6, 2024, to enhance its leadership in technology and innovation [1][2][3] - The Board size has increased to 11 members in anticipation of potential retirements, reflecting a proactive approach to governance [2] Group 1: Appointment Details - Ashish K. Kulkarni is the CEO of Kebotix, a startup focused on AI methods for new material commercialization, and has held significant roles in major companies like GAF, Avantor, and Celanese [1][2] - Kulkarni will serve on the Board's Environmental, Health, Safety and Quality, and Compensation Committees, bringing extensive experience in building innovation cultures [1][2] Group 2: Strategic Implications - The addition of Kulkarni is expected to provide unique perspectives that will aid Ashland in executing its strategy for portfolio growth and scalable advancements [3] - The company emphasizes its commitment to innovation and customer loyalty, aiming for increased market share and profitability through enhanced leadership [2][3] Group 3: Company Overview - Ashland Inc. operates as a global additives and specialty ingredients company, serving diverse markets including construction, energy, and pharmaceuticals [4] - The company employs approximately 3,800 professionals dedicated to developing innovative solutions for complex customer challenges across more than 100 countries [4]