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Avient Appoints Ashish Khandpur To Succeed Robert Patterson As President And CEO

RTTNews | 178 dias atrás

Avient Appoints Ashish Khandpur To Succeed Robert Patterson As President And CEO

(RTTNews) - Avient Corp. (AVNT), a provider of sustainable material solutions, announced Monday that its Board of Directors has unanimously voted to elect Dr. Ashish Khandpur as President and Chief Executive Officer, effective December 1, 2023.

In connection with this appointment, the Board has elected Richard Fearon, Lead Independent Director, as Non-Executive Chairman of the Board, also effective December 1, 2023.

Robert Patterson will retire from his roles as President and CEO and resign from the Board. He will remain with the Company through May 31, 2024 in an advisory capacity to help facilitate the leadership transition.

Khandpur joins Avient after nearly three decades at 3M, where he began in R&D and technology roles, ultimately ascending to Chief Technology Officer in 2014. He has since led several different 3M businesses, most recently serving as Group President of 3M's Transportation and Electronics Business. He began his career in 1995 at 3M as a senior research engineer.

Marcadores : AVNT

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Avient To Divest Distribution Business To H.I.G. Capital For $950 Mln Cash

Avient To Divest Distribution Business To H.I.G. Capital For $950 Mln Cash

Specialized materials firm Avient Corp. (AVNT) announced Friday it has entered into a definitive agreement to sell its Distribution business to an affiliate of H.I.G. Capital for $950 million in cash, subject to regulatory approval.

RTTNews | 636 dias atrás

U.S. Weekly Jobless Claims Climb To Highest Level Since August

U.S. Weekly Jobless Claims Climb To Highest Level Since August

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week's revised level of 209,000. Economists had expected jobless claims to inch up to 210,000.

RTTNews | 5h 38min atrás

Bank Of England Moves Closer To Rate Cut

Bank Of England Moves Closer To Rate Cut

The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.

RTTNews | 5h 55min atrás

Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

Allegro MicroSystems Q4 Results Top Estimates; Stock Down 11% On Weak Outlook

Allegro MicroSystems, Inc. (ALGM) on Thursday reported a net loss attributable to the company of $7.12 million or $0.04 per share, compared to net income of $61.98 million or $0.32 per share in the prior-year quarter.

RTTNews | 6h 24min atrás

Pound Falls As BoE Keeps Rates Unchanged

Pound Falls As BoE Keeps Rates Unchanged

The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England maintained its key policy rate for the sixth consecutive meeting.

RTTNews | 6h 32min atrás

Endeavor Group Slips To Loss In Q1

Endeavor Group Slips To Loss In Q1

Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.

RTTNews | 6h 41min atrás

U.S. Weekly Jobless Claims Climb To 231,000

U.S. Weekly Jobless Claims Climb To 231,000

First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday.

RTTNews | 6h 43min atrás

Western Union Resumes Money Transfer Service To Cuba

Western Union Resumes Money Transfer Service To Cuba

Western Union co. (WU), in coordination with its processing partner Orbit S.A., announced Thursday the resumption of its service from the United States to Cuba, effective immediately.

RTTNews | 6h 59min atrás

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