Processing Magazine

Ashland chemical executive Cappeline to retire

September 26, 2006

According to the Associated Press, chemical company Ashland Inc. said longtime executive Gary A. Cappeline plans to retire on April 1, 2007. Cappeline presently serves as president and chief operating officer for the company''s chemical sector. Cappeline first joined Ashland in 1974, then left the company in 1996 to pursue senior management positions in the chemical and industry and private equity before returning in 2002. Ashland Chairman and Chief Executive James J. O''Brien said he intends to assume direct responsibility for company operations in October, but Cappeline will remain to ensure a smooth transition.