Metalworking fluids makerHoughton International appointed current Chief Operating Officer Mike Shannon as CEO effective Jan. 1, succeeding CEO Paul DeVivo, who will retire. Distributor Oil Combustibles entered a five-year deal to offer branded lubricants supplied by French oil major Total at more than 340 service stations in Argentina. Ashland hosted a groundbreaking ceremony for a 162,400-square-foot office building in Lexington, Ky., to serve as global headquarters for its Valvoline business unit, which is expected to be spun off as soon as September next year, pending approvals. The $35 million development is slated for completion by February 2017.
