Ecovyst names CEO, board chairman, announces up to $450M share repurchase program

Apr. 28, 2022 5:17 PM ETEcovyst Inc. (ECVT)By: Mary Christine Joy, SA News Editor
  • Ecovyst (NYSE:ECVT) promoted Kurt Bitting to CEO role and appointed Kevin Fogarty board chairman.
  • Bitting, a vice president and the president of Ecoservices since March 2019, will also serve as director.
  • Belgacem Chariag has departed the specialty chemicals company and the board.
  • Additionally, ECVT appointed 2 independent directors - David Bradley and Bryan Brown.
  • The board also promoted Tom Schneberger, currently president of the catalyst technologies segment, to Ecovyst president post.
  • The board approved an up to $450M share repurchase program.
  • The program will be executed over the next 4 years.

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