Ingevity CEO John Fortson departs; board member Luis Fernandez-Moreno named interim CEO

Ingevity Corp

John Fortson resigned as President, CEO, and board member effective October 2, 2024.
Board member Luis Fernandez-Moreno appointed interim President and CEO; search for permanent CEO underway.
Interim CEO Fernandez-Moreno receives $3M annual salary and $1M one-time RSU award vesting over one year.
Fortson eligible for severance per prior agreement subject to confidentiality and non-compete covenants.
Third-quarter 2024 earnings scheduled for release after market close on October 30, 2024.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John C. Fortson

Member of the Board

NGVT · Ingevity Corp

Effective: 2024-10-02
Filed: October 3, 2024, 7:59 PM ET

He succeeds John C. Fortson, who departed as President and Chief Executive Officer and has resigned as a member of the Board, effective as of October 2, 2024.

Appointed (interim)

Luis Fernandez-Moreno

interim President and Chief Executive Officer

NGVT · Ingevity Corp

Effective: 2024-10-02
Successor: John C. Fortson
Filed: October 3, 2024, 7:59 PM ET

the Board has appointed Luis Fernandez-Moreno as the interim President and Chief Executive Officer of the Company

Departed

John C. Fortson

President and Chief Executive Officer

NGVT · Ingevity Corp

Effective: 2024-10-02
Successor: Luis Fernandez-Moreno
Filed: October 3, 2024, 7:59 PM ET

He succeeds John C. Fortson, who departed as President and Chief Executive Officer and has resigned as a member of the Board, effective as of October 2, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John C. Fortson resigned as Member of the Board at Ingevity Corp.

Action: resigned
Role: Member of the Board

Exact text from the filing

He succeeds John C. Fortson, who departed as President and Chief Executive Officer and has resigned as a member of the Board, effective as of October 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

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

Action: appointed
Role: interim President and Chief Executive Officer

Exact text from the filing

the Board has appointed Luis Fernandez-Moreno as the interim President and Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John C. Fortson departed as President and Chief Executive Officer at Ingevity Corp.

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

He succeeds John C. Fortson, who departed as President and Chief Executive Officer and has resigned as a member of the Board, effective as of October 2, 2024.

View on SEC.gov

Ingevity Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-039288

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