South Carolina, US – Ingevity has appointed David Li as its new president and CEO. He takes up the role on 7 April, and is expected to join the board of directors after the company’s annual meeting.
Board member Luis Fernandez-Moreno has been filling the role on an interim basis since early October 2024 when previous incumbent John Fortson left the business with immediate effect. Fernandez-Moreno will remain on the board after relinquishing the interim role.
Li was previously CEO and president at CMC Materials, a global supplier of advanced materials to the semiconductor and energy industries. He left the business in December 2022 when it was sold to Entegris.
“Dave has a broad and proven track record of repositioning businesses across product lines and geographies to achieve substantial growth, strong financial performance and outstanding stockholder returns,” said Jean Blackwell, chair of Ingevity’s board. “These accomplishments and his ability to drive strategic execution and organisational excellence across global organisations make Dave the ideal CEO to lead Ingevity and enable the company to realise its full potential as a world-class specialty chemicals and materials manufacturer.”
The company has also appointed Michael Shukov as SVP and president of its advanced polymer technologies business, effective immediately. He joins from PPG Industries, and has previously worked for Solvay, Dow and Rohm & Haas.
