Avient names Mike Frank CEO, replacing Ashish Khandpur; reaffirms Q3 and FY 2026 guidance

AVIENT CORP

Mike Frank, ex-CEO of UPL and former Nutrien Ag Solutions CEO, named President and CEO effective Oct 7, 2026; succeeds Dr. Ashish Khandpur, who stays as advisor through Dec 31, 2026.
Richard H. Fearon, Lead Independent Director, elected Non-Executive Chairman of the Board.
Frank's pay: $1,222,000 base salary, 120% target bonus, 2027 LTI target 510% of salary, $1.6M sign-on cash, ~$5M RSUs and ~$11.4M target cash performance units.
Khandpur gets two years of salary continuation under the Executive Severance Plan plus special vesting of 38,047 RSUs on Dec 1, 2026 and 38,046 RSUs on Dec 1, 2027.
Q3 and FY 2026 guidance reaffirmed as previously provided Aug 6, 2026; Q3 2026 results due before market open Nov 4, 2026, with webcast at 8:00 a.m. ET.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Michael J. Frank

member of the Board

AVNT · AVIENT CORP

Effective: 2026-10-07
Filed: October 9, 2026, 7:10 AM ET

elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026

Departed

Dr. Ashish K. Khandpur

Chief Executive Officer

AVNT · AVIENT CORP

Effective: 2026-10-07
Successor: Michael J. Frank
Filed: October 9, 2026, 7:10 AM ET

Mr. Frank succeeds Dr. Ashish K. Khandpur, who will continue to provide advisory consulting support through 2026.

Appointed

Michael J. Frank

President and Chief Executive Officer

AVNT · AVIENT CORP

Effective: 2026-10-07
Filed: October 9, 2026, 7:10 AM ET

On October 7, 2026, the Board of Directors (the “Board”) of the Company elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026 (the “Effective Date).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael J. Frank was elected as member of the Board at AVIENT CORP.

Action: elected
Role: member of the Board

Exact text from the filing

elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Ashish K. Khandpur departed as Chief Executive Officer at AVIENT CORP.

Role: Chief Executive Officer

Exact text from the filing

Mr. Frank succeeds Dr. Ashish K. Khandpur, who will continue to provide advisory consulting support through 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael J. Frank was elected as President and Chief Executive Officer at AVIENT CORP.

Action: elected
Role: President and Chief Executive Officer

Exact text from the filing

On October 7, 2026, the Board of Directors (the “Board”) of the Company elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026 (the “Effective Date).

View on SEC.gov

AVIENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-418501

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