Ingevity Says John Fortson Has Departed As President And CEO And From Board, Effective As Of October 2; Fernandez-Moreno Named As Interim President And CEO
Portfolio Pulse from Benzinga Newsdesk
Ingevity announced the departure of John Fortson as President and CEO, effective October 2. Fernandez-Moreno has been appointed as interim President and CEO. The board is actively searching for a permanent replacement with the help of an executive search firm.
October 03, 2024 | 10:18 am
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Ingevity's CEO John Fortson has departed, and Fernandez-Moreno is the interim CEO. The board is searching for a permanent replacement.
The departure of a CEO can lead to uncertainty, but the appointment of an interim CEO and the initiation of a search for a permanent replacement may stabilize the situation. The market may react neutrally in the short term as investors await further developments.
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