Dr. Ashish Khandpur became the CEO of Avient Corporation on December 1, 2023, following the retirement of the previous CEO. Before joining Avient, he was with 3M Company for 28 years, where he held various positions, including Group President of...

Dr. Ashish Khandpur became the CEO of Avient Corporation on December 1, 2023, following the retirement of the previous CEO. Before joining Avient, he was with 3M Company for 28 years, where he held various positions, including Group President of the Transportation & Electronics division. Dr. Khandpur is known for his strong background in engineering and technology, which has influenced his leadership style. He is a results-driven leader focused on improving company performance, aligning management goals with shareholder interests. His total compensation for 2023 was approximately $7.6 million, which included a sign-on bonus of $1.5 million and stock awards valued at around $5.9 million at the time of vesting. He is also a member of Constellation Energy Corporation’s Board. Outside of work, Khandpur’s deep understanding of market trends and commitment to sustainability reflects in Avient's strategic direction under his tenure. His insights into engineering and business development are expected to drive future innovations within the company.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Avient CEOs

A

Dr. Ashish Khandpur

CEO of Avient

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1967 - 58 years ago

CEO of Avient for

1 year 4 months (Dec 2023 - Present)

Previous Experience

Group President of the Transportation & Electronics business group for 3M Company; Executive Vice President, Transportation & Electronics business group at 3M; Executive Vice President, Electronics & Energy business group at 3M; Senior Vice President, Research & Development and Chief Technology Officer at 3M.

Rivals

Competitors/colleagues of Dr. Ashish Khandpur

T

Terrence R. Curtin

CEO of TE Connectivity

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$2.08M

Other

$368.57K

Total Holdings

$16.53M

C

Sean D. Keohane

CEO of Cabot Corporation

2023 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$1.05M

Other

$235.25K

Total Holdings

$31.67M

M

Douglas T. Dietrich

CEO of Minerals Technologies

2021 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.84M

Other

$47.12K

Total Holdings

$15.45M

E

Rakesh Sachdev

CEO of Element Solutions

2022 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$231.00K

Other

$46.63K

Total Holdings

$31.46M

E

Mark J. Costa

CEO of Eastman Chemical

2022 Compensation

Stock

$1.00

Salary

$1.00

Bonus

$1.00

Other

$1.00

Total Holdings

$45.48M

K

Christopher Rossi

CEO of Kennametal

2022 Compensation

Stock

$0.00

Salary

$962.06K

Bonus

$195.84K

Other

$0.00

Total Holdings

$8.08M

Holdings

See how much did Dr. Ashish Khandpur make over time.

As CEO of Avient, Dr. Ashish Khandpur is set to navigate and grow the company, leveraging his backgrounds like his time at 3M and recent leadership role. In 2023, his stock holdings were represented by 141,000 restricted stock units (RSUs)...

As CEO of Avient, Dr. Ashish Khandpur is set to navigate and grow the company, leveraging his backgrounds like his time at 3M and recent leadership role. In 2023, his stock holdings were represented by 141,000 restricted stock units (RSUs) awarded during his onboarding, valued at roughly $5.9 million. This substantial holding indicates confidence in the company's growth trajectory. Khandpur will accrue these shares over four years, further aligning his interests with shareholders. His joining marks a transition of leadership at Avient, emphasizing stability and growth, as he was appointed right after the departure of former CEO Robert Patterson. Khandpur's wealth is poised to expand with Avient's performance, reflecting a focus not just on immediate gains but a long-term sustainable strategy.

Insider Trading

See recent insider trades of Dr. Ashish Khandpur.

No insider trades found for this CEO.

Compensation History

See how much did Dr. Ashish Khandpur make over time.

In 2023, Dr. Ashish Khandpur's total compensation at Avient Corporation reached approximately $7.6 million. This included a base salary of about $1.05 million, which is set to rise as he participates in the company’s annual and long-term incentive plans beginning in 2024. He received a sign-on bonus of $1.5 million as part of his transition into the CEO role, a common practice to attract top talent. Additionally, Khandpur’s compensation package featured 141,000 RSUs, valued at nearly $5.9 million at vesting, which aligns his financial interests with those of shareholders. This structure emphasizes performance, setting high expectations for both his and the company's success.

Year

2023

Total Compensation

$7.51M

Salary

$104.42K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder interests, focusing on attracting, motivating, and retaining talented executives.

Bonus

$1.50M

Board Justification

Sign-on cash payment of $1,500,000 in connection with his service as President and Chief Executive Officer of the Company.

Other

$179.00

Board Justification

Other compensation includes a nominal benefit allowance and limited reimbursement for expenses.

Restricted Stock

$5.90M(141K RSU)

Board Justification

Award of 141,000 RSUs granted on December 1, 2023, which vest ratably over four years from the grant date.

Performance Metrics

Performance metrics include adjusted EPS growth, adjusted operating income, and sustainability objectives.

Other Avient CEOs

Here are other CEOs of Avient

Robert M. Patterson

Ex-CEO of Avient

March 2020 - December 2023