Ingevity Corp. announced Feb. 20 that its board of directors and D. Michael Wilson agreed he would resign as president, CEO and a director, effective immediately, as a result of matters relating to his personal conduct. The company named Ingevity chairman Richard Kelson as interim president and CEO and established a CEO search committee.
Charleston, South Carolina-based Ingevity supplies the lubricant and metalworking fluid markets with tall oil fatty acid and distilled tall oil, along with a variety of raw materials and performance additives. The company acquired Georgia-Pacific’s pine chemicals business – including tall oil fatty acids – in 2017.
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