Avient shares fall after CEO Ashish Khandpur steps down
Avient said Ashish Khandpur stepped down as chief executive officer; shares were down 9.3% to $37.18 in Friday morning trading.
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03:44:10 PM UTC
SquawkNews
By Elias Schisgall Shares of Avient were down after the material solutions provider said Ashish Khandpur had stepped down as chief executive officer. The stock was off by 9.3% to $37.18 in Friday morning trading. The shares have risen 19% this year. Michael Frank, previously the CEO of agricultural chemical company UPL, was appointed as Khandpur's successor, the company said. Khandpur had served as president and CEO since 2023 and chairman since 2025. He will stay on as an advisor to support the transition, the company said. Board member Richard Fearon was named non-executive chairman of the company. Write to Elias Schisgall at elias.schisgall@wsj.com (END) Dow Jones Newswires October 09, 2026 11:43 ET (15:43 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.