Ashland Realigns Its Business

January 06 2020

Beginning in the second quarter of fiscal 2020, Ashland will change the manner in which it manages the business, moving from a functionally-led organization to a business-unit focused organization. This change recognizes that Ashland has a diverse portfolio of businesses with different value propositions for the markets it serves. These changes will enable the company to align its business models, resources and cost structure to the specific needs of each business unit and create greater ownership and accountability for both short- and long-term performance. Ashland also plans to align incentive rewards with business-unit performance.

Ashland has planned to organize around three primary external-reporting segments and a Corporate reporting segment. Each primary segment will serve certain business units as outlined below.

Segment: Consumer Specialties, Business Units: Life Sciences, Personal Care & Household
Segment: Industrial Specialties, Business Units: Specialty Additives, Performance Adhesives
Segment: Intermediates & Solvents, Business Units: Intermediates & Solvents
Segment: Corporate

The Life Sciences business unit will include Pharma and Health & Wellness. Specialty Additives will include Coatings and Performance Specialties. Intermediates & Solvents will report the results of Lima, the Ohio facility of Ashland. The Corporate reporting segment will hold the company’s corporate governance activities and certain legacy matters.

Ashland has planned to implement the core changes during the second quarter of fiscal 2020, aligning resources, leadership teams, operations, incentives, and financial reporting.

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