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Ingevity Announces Departure of Key Executive

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Ingevity Announces Departure of Key Executive

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Ingevity ( (NGVT) ) just unveiled an update.

On July 1, 2025, Ingevity Corporation announced the departure of S. Edward Woodcock, Executive Vice President and President of the Performance Materials segment, after a 37-year tenure. Woodcock played a crucial role in the growth of Ingevity’s activated carbon business, particularly in automotive emissions capture, and positioned the segment for future growth in hybrid and electric vehicle battery markets. The company has initiated a search for his successor, with interim management by Andrew Fox and Jonathan MacIver. Despite this leadership change, Ingevity maintains its previously disclosed full-year guidance, indicating stability in its operations.

The most recent analyst rating on (NGVT) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Ingevity stock, see the NGVT Stock Forecast page.

Spark’s Take on NGVT Stock

According to Spark, TipRanks’ AI Analyst, NGVT is a Neutral.

The overall stock score is driven by financial challenges and a weak valuation, despite positive strategic changes and technical indicators. The mixed earnings call results and high leverage further weigh down the score, though the new CEO appointment offers potential for future improvements.

To see Spark’s full report on NGVT stock, click here.

More about Ingevity

Ingevity Corporation operates in the specialty chemicals industry, providing products and technologies that purify, protect, and enhance the environment. The company focuses on three main segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, featuring caprolactone polymers; and Performance Chemicals, which encompasses specialty chemicals and road technologies. Ingevity’s products are utilized in various applications such as adhesives, agrochemicals, asphalt paving, and automotive components. Headquartered in North Charleston, South Carolina, the company operates globally with approximately 1,600 employees and is listed on the NYSE under the ticker NGVT.

Average Trading Volume: 263,818

Technical Sentiment Signal: Hold

Current Market Cap: $1.58B

See more data about NGVT stock on TipRanks’ Stock Analysis page.

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