What specific governance changes resulted from Ashland's settlement with Ancora Holdings Group?

The settlement agreement between Ashland Global Holdings Inc. and activist investor Ancora Holdings Group led to the appointment of two new directors—Peter Thomas and Allen Spizzo—to Ashland’s board, expanding it from nine to eleven members; the agreement also includes a plan to reduce the board size to ten directors at the company’s next annual shareholder meeting.

Who are the two new directors appointed to Ashland’s board as part of the settlement with Ancora?

The two new directors appointed to Ashland’s board under the settlement agreement with Ancora Holdings Group are Peter Thomas and Allen Spizzo.

Chemical Maker Ashland Said to Near Settlement With Ancora

Jul 28, 2026

Chemical maker Ashland Global Holdings has reached a settlement with activist investor Ancora Holdings, resulting in two new board appointments and plans to reduce the board size next year.

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