Ascent Industries (ACNT) has released an update.
Ascent Industries Co. has announced the appointment of J. Bryan Kitchen as its new CEO and Ryan Kavalauskas as CFO, both bringing extensive experience from the chemicals industry. Kitchen replaces Chris Hutter but Hutter will remain on the board, while Kavalauskas takes over from William Steckel. Kitchen, now also a board director, and Kavalauskas are set to receive substantial salaries, bonuses, and equity awards as part of their compensation packages, aligning their interests with the company’s long-term performance.
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