Petroleum Co Ashland positions Walter Solomon as Chief Growth Officer
11 Aug '05
3 min read
Petroleum company Ashland Inc adds Chief Growth Officer; moves Walter Solomon to position.
Seeking opportunities presented by its transition into a new era, Ashland Inc announced the creation of a significant, new management position, Chief Growth Officer, and the promotion of one of its executives, Walter H. Solomon, to serve in the role. Solomon will report to James J. O'Brien, Ashland Inc Chairman and Chief Executive Officer.
The new position is designed to drive the company's growth agenda following Ashland's exit from petroleum refining and marketing, an era that closed with the divestiture of its stake in Marathon Ashland Petroleum (MAP) just one month ago.
“They are focused on creating an exciting new future for Ashland in the diversified chemicals industry. The Chief Growth Officer will lead the development of a strategic roadmap for long-term growth as they apply the resources generated from the MAP transaction,” said O'Brien.
"Walter Solomon has a diversified record of more than 20 years in successfully launching innovative products and growing new businesses, the past several years with Valvoline in the Chemical Sector. His experience, skills and leadership will bring outstanding benefits to Ashland in this critical new assignment," O'Brien added.
"Very few companies of Ashland's size are presented with both the opportunity and financial resources to transform their business. I'm delighted to play a key role in this transformation,” Solomon included."
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