Richard B. Kelson is the CEO of Ingevity Corporation, a company focused on sustainable solutions in the chemical sector. He has a degree in Chemical Engineering from the University of Delaware, which laid the groundwork for his career in engineering...

Richard B. Kelson is the CEO of Ingevity Corporation, a company focused on sustainable solutions in the chemical sector. He has a degree in Chemical Engineering from the University of Delaware, which laid the groundwork for his career in engineering and business. Before his role at Ingevity, he spent nearly a decade as the Executive Vice President and CFO at Alcoa, a major player in the materials industry, demonstrating strong leadership in financial and operational strategies. Since joining Ingevity, Kelson has been key in steering the company towards innovative growth while navigating the complexities of the chemical market. His hands-on experience in various executive roles gives him a practical perspective on the challenges and opportunities in the industry today. Notably, he maintains an active role beyond Ingevity, serving on multiple boards, which showcases his commitment to corporate governance and strategic oversight.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ingevity CEOs

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Richard B. Kelson

Ex-CEO of Ingevity

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

CEO of Ingevity for

0 years 6 months (Feb 2020 - Sep 2020)

Previous Experience

Chairman of the Board at Ingevity Corporation since 2016.

Rivals

Competitors/colleagues of Richard B. Kelson

Holdings

See how much did Richard B. Kelson make over time.

Richard B. Kelson holds a significant number of shares in Ingevity through deferred stock units. In 2020, his holdings included 845 DSUs valued around $32,545. Most of his wealth has been tied to his time at Ingevity, especially after he...

Richard B. Kelson holds a significant number of shares in Ingevity through deferred stock units. In 2020, his holdings included 845 DSUs valued around $32,545. Most of his wealth has been tied to his time at Ingevity, especially after he ceased being a board member in 2019. Previously, during his tenure at Alcoa, Kelson was involved in keeping track of various financial instruments, but his current focus remains on enhancing shareholder value through company performance and innovation in the chemical sector. Over the years, his stake in Ingevity has fluctuated, emphasizing his long-term commitment to the company’s success. He is also involved in other ventures, reflecting a diversified approach to his investment strategy.

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Insider Trading

See recent insider trades of Richard B. Kelson.

No insider trades found for this CEO.

Compensation History

See how much did Richard B. Kelson make over time.

In 2020, Richard B. Kelson's total compensation was $257,545, primarily made up of his salary, which was $225,000. He did not receive a bonus that year as he didn't participate in the Short-Term Incentive Plan. Additionally, his compensation package included vested stock units, which reflected the success of his previous compensation decisions linked to Ingevity's performance. His role as CEO means he is well versed in balancing the company's financial health with strategic growth objectives. This compensation approach aligns with Ingevity’s pay-for-performance philosophy, making sure the leadership is accountable while striving towards measurable goals. As CEO, Kelson's pay is not tied to performance metrics for the year, which speaks to the company’s focus on long-term rather than short-term results.

Year

2020

Total Compensation

$257.55K

Salary

$225.00K

Board Justification

Ingevity’s compensation program reflects the Company’s 'pay-for-performance' philosophy, linking compensation to business plans and individual performance.

Bonus

$0.00

Board Justification

Mr. Kelson did not participate in the 2020 STIP program.

Other

$0.00

Board Justification

Mr. Kelson did not receive any additional compensation outside of his monthly retainer and the DSUs.

Restricted Stock

$32.55K(845 DSUs)

Board Justification

The amount reported for Mr. Kelson represents the DSUs granted to him during 2019 under our non-employee director compensation program and his election to defer receipt of his director equity award under the Non-Employee Director Deferred Compensation Plan, which DSUs vested in 2020.

Performance Metrics

Mr. Kelson's compensation was not tied to performance metrics as he did not participate in the STIP.

Other Ingevity CEOs

Here are other CEOs of Ingevity

D. Michael Wilson

Ex-CEO of Ingevity

May 2016 - February 2020

John C. Fortson

CEO of Ingevity

September 2020 - Present