Ashland appoints Bertrand Loy as a new director, increasing board size to nine members.
Quiver AI Summary
Ashland Inc. has announced the appointment of Bertrand Loy to its board of directors, effective May 15, 2026. Loy, who is currently the executive chair of Entegris Inc. and has a strong background in the technology sector, will also serve on the board's audit and governance and nominating committees. His addition increases Ashland's board size to nine, in anticipation of possible retirements. Ashland's CEO, Guillermo Novo, expressed enthusiasm for Loy's appointment, citing his expertise in driving scalable growth. Ashland is a global company focused on specialty ingredients and is committed to environmental, social, and governance values.
Potential Positives
- Bertrand Loy's appointment to the board brings a wealth of experience from his leadership roles in the technology industry, which could enhance Ashland's strategic direction and innovation efforts.
- Increasing the board size to nine members allows for a more diverse set of perspectives, particularly in governance and strategy, in anticipation of potential retirements.
- Loy's track record of operational excellence and growth could support Ashland's ambitions for acceleration and scalability in its business ventures.
- The appointment reflects Ashland's commitment to effective governance and leadership, reinforcing confidence among investors and stakeholders as the company continues its growth strategy.
Potential Negatives
- There is a lack of specific details regarding the potential director retirements, which raises concerns about the stability and continuity of the board.
- The press release focuses heavily on Bertrand Loy's credentials without addressing any potential challenges or controversies associated with previous leadership roles, which may leave stakeholders questioning the thoroughness of the company's governance practices.
- The forward-looking statements disclaimer highlights inherent risks and uncertainties, which could create apprehension among investors about the company's future performance and decision-making processes.
FAQ
Who was appointed to Ashland's board of directors?
Bertrand Loy has been appointed to Ashland Inc.'s board of directors, effective May 15, 2026.
What roles will Bertrand Loy serve on Ashland's board?
Loy will serve on the audit and governance and nominating committees of the board.
How does Ashland's board size change with this appointment?
The board size increases to nine members following Loy's appointment and in anticipation of potential retirements.
What is Bertrand Loy's professional background?
Loy is the executive chair of Entegris Inc. and has extensive experience in the technology industry.
What does Ashland focus on in its corporate strategy?
Ashland focuses on executing, globalizing, innovating, and investing to drive scalable growth.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASH Revenue
$ASH had revenues of $964M in Q2 2026. This is an increase of 101.25% from the same period in the prior year.
You can track ASH financials on Quiver Quantitative's ASH stock page.
You can access data on ASH stock through the Quiver Quantitative API.
$ASH Hedge Fund Activity
We have seen 165 institutional investors add shares of $ASH stock to their portfolio, and 199 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 1,437,157 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $79,920,300
- MACQUARIE GROUP LTD removed 503,574 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $29,544,686
- FRONTIER CAPITAL MANAGEMENT CO LLC added 487,400 shares (+34.2%) to their portfolio in Q1 2026, for an estimated $27,104,314
- CITADEL ADVISORS LLC added 447,317 shares (+244.5%) to their portfolio in Q1 2026, for an estimated $24,875,298
- QUBE RESEARCH & TECHNOLOGIES LTD removed 397,885 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $23,343,912
- BOSTON PARTNERS added 349,457 shares (+621.4%) to their portfolio in Q1 2026, for an estimated $19,433,303
- D. E. SHAW & CO., INC. removed 286,582 shares (-52.3%) from their portfolio in Q4 2025, for an estimated $16,813,765
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ASH Analyst Ratings
Wall Street analysts have issued reports on $ASH in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Seaport Global issued a "Buy" rating on 05/06/2026
- Argus Research issued a "Buy" rating on 01/12/2026
- UBS issued a "Buy" rating on 01/12/2026
- BMO Capital issued a "Outperform" rating on 12/15/2025
To track analyst ratings and price targets for $ASH, check out Quiver Quantitative's $ASH forecast page.
$ASH Price Targets
Multiple analysts have issued price targets for $ASH recently. We have seen 8 analysts offer price targets for $ASH in the last 6 months, with a median target of $67.5.
Here are some recent targets:
- Michael J. Harrison from Seaport Global set a target price of $75.0 on 05/06/2026
- Michael Sison from Wells Fargo set a target price of $50.0 on 04/30/2026
- Jeffrey Zekauskas from JP Morgan set a target price of $65.0 on 04/30/2026
- Alexandra Yates from Argus Research set a target price of $56.0 on 03/23/2026
- Stephen Richardson from Evercore ISI Group set a target price of $62.0 on 02/18/2026
- Joshua Spector from UBS set a target price of $70.0 on 01/12/2026
- John Roberts from Mizuho set a target price of $70.0 on 12/18/2025
Full Release
WILMINGTON, Del., May 18, 2026 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) is announcing the appointment of Bertrand Loy to its board of directors, effective May 15, 2026. Loy currently serves as a director and the executive chair of Entegris Inc. (NASDAQ: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and high-technology industries and previously served as Entegris’ president and chief executive officer. He will serve on the board's audit and governance and nominating committees, also effective as of May 15, 2026.
With the addition of Loy and in anticipation of potential director retirements under the board’s retirement and resignation policy, Ashland increases the size of the board to nine members.
Loy is a proven leader in the technology industry with a track record of operational excellence, as well as organic and inorganic growth. “I am pleased to welcome Bertrand as a new director to the Ashland Board,” said Guillermo Novo, chair and chief executive officer, Ashland. “As we continue to drive our strategy to execute, globalize, innovate and invest, Bertrand will provide distinctive viewpoints about advancing and accelerating scalable growth.”
To learn more, visit investor.ashland.com
About Ashland
Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 2,900 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit
ashland.com
and
ashland.com/ESG
to learn more.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Ashland may from time to time make forward-looking statements in its annual reports, quarterly reports and other filings with the SEC, news releases and other written and oral communications. These forward-looking statements are based on Ashland’s expectations and assumptions, as of the date such statements are made. These statements include but may not be limited to, Ashland’s current expectations or beliefs concerning, among other things, its future Board size. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties affecting Ashland are described in Ashland’s most recent Form 10-K (including Item 1A Risk Factors) filed with the SEC, which is available on Ashland’s website at http://investor.ashland.com or on the SEC’s website at http://www.sec.gov. Various risks and uncertainties may cause actual results to differ materially from those stated, projected or implied by any forward-looking statements. Ashland believes its expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, Ashland undertakes no obligation to update any forward-looking statements made in this news release whether as a result of new information, future events or otherwise.
™ Trademark, Ashland or its subsidiaries, registered in various countries.
FOR FURTHER INFORMATION:
| Investor Relations: | Media Relations: |
| Sandy Klugman | Carolmarie C. Brown |
| +1 (302) 594-7777 | +1 (302) 995-3158 |
| [email protected] | [email protected] |
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