Ingevity Corporation announced on March 10, 2025, the appointment of David H. Li as the company’s President and CEO, effective April 7, 2025. Mr. Li is also expected to join the board of directors following the 2025 Annual Meeting.
Mr. Li brings over 25 years of experience in the specialty materials industry, having most recently served as CEO, President, and a board member of CMC Materials, Inc. During his tenure at CMC Materials, the company delivered a four-fold return to stockholders and achieved record revenue of $1.2 billion with a 30 percent adjusted EBITDA margin.
Luis Fernandez-Moreno, who served as interim president and CEO since October 2024, will continue to serve on Ingevity’s board. The appointment of Mr. Li is expected to leverage his experience in repositioning businesses and driving strategic execution to unlock value and position Ingevity for long-term profitable growth.
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