Ingevity appoints David H. Li as CEO; $1.1M base salary, $5M one-time equity award

Ingevity Corp

David H. Li appointed President and CEO effective April 7, 2025, succeeding interim CEO Luis Fernandez-Moreno who remains on board.
Mr. Li has over 25 years specialty materials experience, most recently CEO of CMC Materials sold to Entegris in 2022.
Compensation: base salary $1.1M, annual cash target 120% of base, LTIP target 500% of base.
One-time equity award of $5M: $2M PSUs (three-year performance), $1M RSUs (four-year vest), $2M options.
Mr. Li expected to join board after 2025 annual meeting.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

David H. Li

President and Chief Executive Officer

NGVT · Ingevity Corp

Effective: 2025-04-07
Filed: March 10, 2025, 7:59 PM ET

On March 10, 2025, Ingevity Corporation (“Ingevity”) announced that its Board of Directors (the “Board”) has appointed David H. Li as President and Chief Executive Officer of Ingevity, effective April 7, 2025

Departed (interim)

Luis Fernandez-Moreno

interim President and Chief Executive Officer

NGVT · Ingevity Corp

Effective: 2025-04-07
Successor: David H. Li
Filed: March 10, 2025, 7:59 PM ET

In connection with Mr. Li’s appointment, Luis Fernandez-Moreno will step down as interim President and Chief Executive Officer of Ingevity as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David H. Li was appointed as President and Chief Executive Officer at Ingevity Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On March 10, 2025, Ingevity Corporation (“Ingevity”) announced that its Board of Directors (the “Board”) has appointed David H. Li as President and Chief Executive Officer of Ingevity, effective April 7, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Luis Fernandez-Moreno departed as interim President and Chief Executive Officer at Ingevity Corp.

Action: stepped down
Role: interim President and Chief Executive Officer

Exact text from the filing

In connection with Mr. Li’s appointment, Luis Fernandez-Moreno will step down as interim President and Chief Executive Officer of Ingevity as of the Effective Date.

View on SEC.gov

Ingevity Corp filing history →

Source: SEC EDGAR

accession 0001140361-25-007884

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