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Operations leadership changes announced at Ashland

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Ashland (NYSE: ASH) announced significant leadership changes in its operations team. Karl Bostaph, senior vice president of operations, will retire on October 1, 2025, after serving since joining Hercules in 1990, which Ashland acquired in 2008.

Wayne Muil, previously global director of operations for specialty additives, has been promoted to senior vice president of operations, effective immediately. Muil, who joined Ashland in 2024, brings over 25 years of experience in manufacturing and supply chain operations, including his role as vice president of manufacturing and engineering at Sadara Chemical Company.

To ensure continuity, Bostaph will serve as a special advisor for operations, working alongside Muil until his retirement to facilitate a seamless transition for customers and internal teams.

Ashland (NYSE: ASH) ha annunciato importanti cambiamenti nella sua squadra operativa. Karl Bostaph, vicepresidente senior delle operazioni, andrà in pensione il 1° ottobre 2025, dopo aver lavorato con Hercules dal 1990, azienda acquisita da Ashland nel 2008.

Wayne Muil, precedentemente direttore globale delle operazioni per gli additivi speciali, è stato promosso a vicepresidente senior delle operazioni, con effetto immediato. Muil, entrato in Ashland nel 2024, vanta oltre 25 anni di esperienza nella produzione e nella gestione della catena di approvvigionamento, incluso il ruolo di vicepresidente della produzione e ingegneria presso Sadara Chemical Company.

Per garantire continuità, Bostaph assumerà il ruolo di consulente speciale per le operazioni, collaborando con Muil fino al suo pensionamento per facilitare una transizione senza intoppi per clienti e team interni.

Ashland (NYSE: ASH) anunció cambios significativos en su equipo de operaciones. Karl Bostaph, vicepresidente senior de operaciones, se retirará el 1 de octubre de 2025, después de haber trabajado desde que se unió a Hercules en 1990, empresa que Ashland adquirió en 2008.

Wayne Muil, anteriormente director global de operaciones para aditivos especiales, ha sido promovido a vicepresidente senior de operaciones, con efecto inmediato. Muil, quien se unió a Ashland en 2024, aporta más de 25 años de experiencia en manufactura y operaciones de cadena de suministro, incluyendo su papel como vicepresidente de manufactura e ingeniería en Sadara Chemical Company.

Para asegurar la continuidad, Bostaph actuará como asesor especial de operaciones, trabajando junto a Muil hasta su retiro para facilitar una transición fluida para clientes y equipos internos.

Ashland (NYSE: ASH)ëŠ� ìš´ì˜íŒ€ì—� 중대í•� 리ë”ì‹� 변화를 발표했습니다. Karl Bostaph ì„ ìž„ ìš´ì˜ ë¶€ì‚¬ìž¥ì€ 2025ë…� 10ì›� 1ì�ì—� ì€í‡´í•  예정ì´ë©°, 1990ë…� Herculesì—� 합류í•� ì´í›„ë¡� 근무해왔으며, AshlandëŠ� 2008ë…„ì— Herculesë¥� ì¸ìˆ˜í–ˆìŠµë‹ˆë‹¤.

Wayne Muilì€ ì´ì „ì—� 특수 첨가ì � 글로벌 ìš´ì˜ ì´ì‚¬ë¡� 재ì§í–ˆìœ¼ë©�, 즉시 효력ì� ë°œìƒí•˜ëŠ” ì„ ìž„ ìš´ì˜ ë¶€ì‚¬ìž¥ìœ¼ë¡œ 승진했습니다. 2024ë…„ì— Ashlandì—� 합류í•� Muilì€ ì œì¡° ë°� 공급ë§� ìš´ì˜ ë¶„ì•¼ì—서 25ë…� ì´ìƒì� 경험ì� 보유하고 있으ë©�, Sadara Chemical Companyì—서 제조 ë°� 엔지니어ë§� 부사장으로 근무í•� 경력ì� 있습니다.

ì—°ì†ì„±ì„ 보장하기 위해 BostaphëŠ� ì€í‡´í•  때까지 Muilê³� 함께 ì¼í•˜ë©� ê³ ê°ê³� ë‚´ë¶€ 팀ì� 위한 ì›í™œí•� 전환ì� ì§€ì›í•˜ëŠ� ìš´ì˜ íŠ¹ë³„ 고문 ì—­í• ì� ë§¡ì„ ê²ƒìž…ë‹ˆë‹¤.

Ashland (NYSE : ASH) a annoncé des changements importants au sein de son équipe des opérations. Karl Bostaph, vice-président senior des opérations, prendra sa retraite le 1er octobre 2025, après avoir travaillé chez Hercules depuis 1990, société acquise par Ashland en 2008.

Wayne Muil, ancien directeur mondial des opérations pour les additifs spécialisés, a été promu vice-président senior des opérations, avec effet immédiat. Muil, qui a rejoint Ashland en 2024, possède plus de 25 ans d'expérience dans la fabrication et les opérations de la chaîne d'approvisionnement, notamment en tant que vice-président de la fabrication et de l'ingénierie chez Sadara Chemical Company.

Pour assurer la continuité, Bostaph agira en tant que conseiller spécial des opérations, travaillant aux côtés de Muil jusqu'à sa retraite afin de faciliter une transition en douceur pour les clients et les équipes internes.

Ashland (NYSE: ASH) hat bedeutende Führungsänderungen in seinem Betriebsteam angekündigt. Karl Bostaph, Senior Vice President Operations, wird am 1. Oktober 2025 in den Ruhestand gehen, nachdem er seit seinem Eintritt bei Hercules im Jahr 1990 tätig war, das Ashland 2008 übernommen hat.

Wayne Muil, zuvor globaler Direktor für Spezialadditive, wurde mit sofortiger Wirkung zum Senior Vice President Operations befördert. Muil, der 2024 zu Ashland kam, bringt über 25 Jahre Erfahrung in Produktion und Lieferkettenmanagement mit, darunter seine Tätigkeit als Vice President für Produktion und Engineering bei der Sadara Chemical Company.

Um Kontinuität zu gewährleisten, wird Bostaph als Sonderberater für Operationen tätig sein und bis zu seinem Ruhestand eng mit Muil zusammenarbeiten, um einen reibungslosen Übergang für Kunden und interne Teams sicherzustellen.

Positive
  • Smooth transition plan with Bostaph remaining as special advisor until retirement
  • New SVP Wayne Muil brings 25+ years of global operations experience
  • Muil's extensive background in operational transformation and sustainable growth
  • Strategic continuation of recent portfolio and footprint optimization initiatives
Negative
  • Loss of long-term operational leadership with Bostaph's retirement
  • Relatively short tenure of Muil at Ashland (joined 2024) before promotion to SVP

WILMINGTON, Del., July 14, 2025 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) announced today that Karl Bostaph, senior vice president, operations will retire on October 1, 2025.

Bostaph joined Hercules in 1990 which was acquired by Ashland in 2008. ÌýOver the course of his career at Ashland, Bostaph held roles in Research and Development, Quality, Engineering and Process Technology, and Manufacturing at multiple U.S. locations. He also spent a portion of his career at manufacturing facilities outside of the United States (US) in several regional and global leadership positions.

Last year, Bostaph led operations as the company finalized its portfolio optimization initiatives, and most recently led the Ashland operations teams through a high-impact footprint optimization initiative.

To ensure a flawless transition, effective immediately, Wayne Muil, global director, operations, specialty additives, assumes the role of senior vice president, operations, reporting to Guillermo Novo, chair and chief executive officer, Ashland.

Until his retirement, Bostaph will serve as a special advisor for operations, working with Muil. Together they will ensure no disruption for customers and a seamless passage for operations and commercial business teams.

Muil joined Ashland in 2024. He is a globally experienced operations executive with more than 25 years� experience with a distinguished track record of leading complex manufacturing and supply chain organizations across the chemical industry. His senior roles at multinational companies include tenure as vice president, manufacturing and engineering at Sadara Chemical Company, a joint venture between Saudi Aramco and Dow Chemical.

Known for his strategic vision, disciplined execution, and ability to build high-performing, multicultural teams, Muil’s expertise spans environmental health and safety, process safety, ESG, Lean Six Sigma, and capital project execution. He is a trusted advisor to executive leadership and boards, with deep experience in regulatory compliance, union negotiations, and stakeholder engagement. Muil holds a reputation for delivering sustainable growth and operational transformation in both mature and emerging markets.

Muil will oversee Ashland’s global network of production facilities and tolling partners to drive operational excellence, safety, and innovation across the Americas, Europe, and Asia Pacific. He holds a Master of Business Administration (MBA), from the University of Stellenbosch, Cape Town South Africa, and a Bachelor of Science (BSc), in Chemical Engineering from the University of Natal, Durban South Africa.

“I want to thank Karl for his significant contributions and many years of service to Ashland, and congratulate Wayne on his new role,� said Guillermo Novo, chair and chief executive officer, Ashland. “I am confident that together, Karl and Wayne will ensure a smooth and seamless transition, to continue building an exciting future for Ashland.�

´¡²ú´Ç³Ü³ÙÌý´¡²õ³ó±ô²¹²Ô»åÌý
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 2,960 passionate, tenacious solvers â€� from renowned scientists and research chemists to talented engineers and plant operators â€� thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. VisitÌýÌýand to learn more.

� Trademark, Ashland or its subsidiaries, registered in various countries.

FOR FURTHER INFORMATION:

Investor Relations:Media Relations:
William C. Whitaker Carolmarie C. Brown
+1 (614) 790-2095+1 (302) 995-3158
[email protected][email protected]

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FAQ

When is Karl Bostaph retiring from Ashland (NYSE: ASH)?

Karl Bostaph will retire from his position as senior vice president of operations at Ashland on October 1, 2025.

Who is replacing Karl Bostaph as SVP of operations at Ashland?

Wayne Muil, former global director of operations for specialty additives, has been promoted to senior vice president of operations, effective immediately.

What is Wayne Muil's background before joining Ashland?

Wayne Muil has over 25 years of experience in manufacturing and supply chain operations, including serving as vice president of manufacturing and engineering at Sadara Chemical Company, a joint venture between Saudi Aramco and Dow Chemical.

How will Ashland manage the transition in operations leadership?

Karl Bostaph will serve as a special advisor for operations, working alongside Wayne Muil until his retirement to ensure a seamless transition for customers and internal teams.

What are Wayne Muil's responsibilities as the new SVP of operations at Ashland?

Muil will oversee Ashland's global network of production facilities and tolling partners to drive operational excellence, safety, and innovation across the Americas, Europe, and Asia Pacific.
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