Ashland Global To Change To Business-unit Focused Organization - Quick Facts

(RTTNews) - Ashland Global Holdings Inc. (ASH), a premier global specialty materials company, has decided to transform to a business-unit focused organization from the current functionally-led organization. This change will be effective in the second quarter of fiscal 2020.

Ashland plans to organize around three primary external-reporting segments (Consumer Specialties, Industrial Specialties, Intermediates & Solvents) and a Corporate reporting segment. Each primary segment will serve certain business units. The Life Sciences business unit will include Pharma and Health & Wellness. The company also plans to align incentive rewards with business unit performance.