Avient assigns new President and CEO

Avient announced its Board of Directors unanimously voted to elect Dr Ashish K. Khandpur as President and Chief Executive Officer, effective on December 1, 2023.

Dr Ashish K. Khandpur, Avient’s new President and CEO.

Dr Khandpur joins Avient after nearly three decades at 3M, where he began in R&D and technology roles, ultimately ascending to Chief Technology Officer.

He led several different 3M businesses, most recently serving as Group President of 3M’s Transportation and Electronics Business. This business applies materials science expertise to commercialize products and solutions for a variety of market segments, including automotive, semiconductors, consumer electronics, 5G networks and so on.

Khandpur expressed his thrill of joining Avient and he looked forward to leading the next chapter, taking advantage of the significant opportunities.

“Ashish’s deep technical expertise and demonstrated commercial success in building and growing business makes him the ideal leader to take Avient to the next level of performance,” stated Fearon.

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

The Board has also elected Richard H. Fearon, Lead Independent Director, as Non-Executive Chairman of the Board, also effective on December 1, 2023.