COVINGTON, Ky., May 17 /PRNewswire-FirstCall/ -- Meeting today, the
board of directors of Ashland Inc. (NYSE: ASH) elected J. Kevin Willis as
treasurer for the company and John F. Guldig as general auditor, effective
immediately. The board also expressed appreciation to Daragh L. Porter, who
retires this month after 31 years of service, recently as vice president,
finance, and treasurer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040113/ASHLANDLOGO )
Willis moves to his new position after serving the past three years as
general auditor. As treasurer, he will have responsibility for treasury
operations, long-term finance, trust investments and risk and insurance. He
will continue to report to J. Marvin Quin, senior vice president and chief
financial officer.
A native of Richmond, Ky., Willis joined Ashland in 1987 as an
associate auditor in the internal audit department. He served in various
management positions of increasing responsibility, including leading teams
on major projects in the business services, information technology,
accounting and finance areas. He holds a bachelor's degree in accounting
and expects to complete the executive MBA program at the Kellogg School of
Management at Northwestern University later this year.
John Guldig succeeds Willis as general auditor and will lead a team
focused on the internal audit function. He will report to Ashland's audit
committee and administratively to Quin.
Since 2003, Guldig has served as assistant controller. He joined the
company in 1974 in the purchasing department and since has served in
capacities including manager of general accounting and as a division
controller. He is a certified public accountant and holds a bachelor's
degree in business administration from The Ohio State University and a
master's in business administration from University of Dayton.
Daragh Porter's career at Ashland began in 1976 with the petroleum
division. Over the years she held positions in accounting, human resources
and in planning and analysis before an assignment in 1998 with Marathon
Ashland Petroleum (MAP), the former joint venture with Marathon Oil
Company. She became Ashland's general auditor in 2001 and then treasurer in
2002.
Porter has served on a variety of professional and civic boards and
committees throughout her career. She continues to serve as a member of
Northern Kentucky University's School of Business Advisory Board and as a
member of the audit committee of the Cincinnati Symphony.
Ashland Inc., a diversified, global chemical company, provides quality
products, services and solutions to customers in more than 100 countries. A
FORTUNE 500 company, it operates through four divisions: Ashland
Performance Materials, Ashland Distribution, Valvoline and Ashland Water
Technologies. To learn more about Ashland, visit http://www.ashland.com.
FORTUNE 500 is a trademark of Time Inc.
SOURCE Ashland Inc.
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Related links: http://www.ashland.com
Photo Notes: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040113/ASHLANDLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/065263.html /
CONTACT: Media, Jim Vitak, +1-614-790-3715, jevitak@ashland.com, or Investors, Dean Doza, +1-859-815-4454, lddoza@ashland.com, both of Ashland Inc.
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