Avient Corporation Appoints Ashish K. Khandpur as Chairman of the Board

Strategic Insights -

Ashish K. Khandpur, Ph.D., Avient's President and Chief Executive Officer, has been appointed to serve in the additional role of Chairman of the Board, effective May 14, 2025. He succeeds Richard H. Fearon, who had served as Chairman of the Board of Directors since December 2023. Dr. Khandpur's appointment reinforces the Board's confidence in his leadership to generate long-term value creation for Avient stakeholders. Dr. Khandpur has made an immediate impact since joining Avient, effectively leading the company in developing and executing a new strategy to amplify innovation and deliver organic growth.

Key Takeaways:

  • Ashish K. Khandpur, Ph.D., has been appointed as Chairman of the Board of Directors at Avient Corporation, effective May 14, 2025.
  • Dr. Khandpur has been serving as President and Chief Executive Officer at Avient since joining the company and has made an immediate impact in developing and executing a new strategy for organic growth.
  • The Board of Directors has expressed confidence in Dr. Khandpur's leadership, citing his ability to generate long-term value creation for Avient stakeholders.
  • Richard H. Fearon will continue to serve on the Board of Directors, having served as Chairman since December 2023.
  • Dr. Khandpur has a diverse background, having served in various roles at 3M, including Chief Technology Officer and Group President of the Transportation and Electronics Business Group.
  • He holds a Bachelor's of Technology degree in Chemical Engineering from the Indian Institute of Technology, Delhi, and a Ph.D in Chemical Engineering from the University of Minnesota.

Statistics:

  • Avient Corporation has a global presence with over 9,000 employees worldwide.
  • Dr. Khandpur's previous tenure as Chief Technology Officer at 3M included overseeing a team of over 8,000 scientists and engineers.
  • Annual R&D investments at 3M under Dr. Khandpur's leadership reached nearly $1.9 billion.
  • Avient's expanding portfolio of offerings includes colorants, advanced composites, functional additives, engineered materials, and Dyneema, the world's strongest fiber.

Sources:

  • Avient Corporation's press release, dated May 14, 2025.
  • About Avient Corporation section on their official website.
  • About Dr. Ashish K. Khandpur section on the official website of Avient Corporation.
  • View original content to download multimedia: SOURCE Avient Corporation