Ashland SVP Operations Karl Bostaph to retire Oct 1; Wayne Muil named successor

ASHLAND INC.

Karl Bostaph, SVP Operations and named executive officer, will retire effective October 1, 2025.
Wayne Muil appointed SVP Operations immediately, reporting to CEO Guillermo Novo.
Muil joined Ashland in 2024; previously VP manufacturing at Sadara Chemical Company (Saudi Aramco/Dow JV).
Bostaph to serve as special advisor until retirement to ensure seamless transition.
Bostaph had 35+ years at Hercules/Ashland, led recent footprint optimization initiatives.

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