Effective immediately, the Board will appoint Peter Thomas and Allen Spizzo as independent members. Thomas and Spizzo will next stand for election at the Ashland 2027 Annual Meeting of Stockholders. Susan L. Main, lead independent director of the Ashland Board added, “We value the perspectives of all our stockholders and have appreciated their constructive engagement and recent input on Board refreshment. The Committee will be chaired by current director Scott Tozier, joined by fellow directors Bertrand Loy and Susan L. Main, as well as Peter Thomas and Allen Spizzo. Citi and Lazard are serving as financial advisors and Latham & Watkins LLP is serving as legal counsel to Ashland.