Ashland appoints Peter Thomas, Allen Spizzo as independent directors under Ancora deal
ASH•Agreement with Ancora
The moves come under a cooperation agreement with shareholder Ancora.
Board and committee changes
The board expands to 11 members immediately, then plans to return to 10 at the 2027 annual meeting.
Ashland also formed a Capital Allocation Advisory Committee to review capital allocation strategy and planning; it will be chaired by director Scott Tozier.
Thomas and Spizzo will join the committee, and CEO Guillermo Novo will serve as a non-voting member.
Ashland names two independent directors
Ashland added Peter Thomas, former Ferro chair, CEO and president, and Allen Spizzo, former Hercules vice president and CFO, as independent directors.
