Ingevity Taps Former CMC Materials Head David Li as New CEO

Dow Jones

Mar 11, 2025

By Katherine Hamilton

Ingevity appointed David Li as its new president and chief executive.

Li is set to take office on April 7, the specialty chemicals maker said Monday.

He succeeds Luis Fernandez-Moreno, who has been serving as interim president and CEO since October. Former chief executive John Fortson left the company in the fall after about four years.

Li was chief executive of CMC Materials, a supplier of products for semiconductors and the energy industry. He served in that role until 2022 when CMC was bought by Entegris.

Fernandez-Moreno made a total compensation of $2 million in 2024, according to a separate filing with the Securities and Exchange Commission. Fortson made $5.3 million in 2023, his last full year as CEO.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 10, 2025 16:43 ET (20:43 GMT)

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Former chief executive John Fortson left the company in the fall after about four years. \n\n\n  Li was chief executive of CMC Materials, a supplier of products for semiconductors and the energy industry. He served in that role until 2022 when CMC was bought by Entegris. \n\n\n  Fernandez-Moreno made a total compensation of $2 million in 2024, according to a separate filing with the Securities and Exchange Commission. Fortson made $5.3 million in 2023, his last full year as CEO. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 16:43 ET (20:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}