Ashland Inc. : Ashland Inc. announces CFO succession plan

          Ashland Inc. : Ashland Inc. announces CFO succession plan

Lamar Chambers to retire in July after 37 years of service; Board of directors
elects Kevin Willis to become CFO effective May 3

COVINGTON, Ky.  - Ashland  Inc.  (NYSE: ASH)  today  announced that  Lamar  M. 
Chambers, senior vice president  and chief financial  officer, will retire  in 
July after 37  years of service  to the  company. The board  of directors  has 
elected J. Kevin Willis to succeed Chambers as senior vice president and chief
financial officer, effective May 3, 2013.

Chambers has served  as senior  vice president and  CFO since  2008. Prior  to 
that, he spent four years as vice president and controller. He joined  Ashland 
in 1976 as a staff auditor and  later held a series of finance and  operations 
leadership positions, both at the corporate and subsidiary levels, during  his 
more than three decades of service to Ashland. In 2012, Chambers was named CFO
of the Year by Chemical Week, a leading industry trade magazine.

Until his retirement on July 1,  2013, Chambers will remain on the  management 
team as  senior  vice  president  and will  continue  to  serve  on  Ashland's 
Executive Committee to help ensure a smooth transition.

"Lamar has played a pivotal role  in Ashland's growth and transformation  over 
the past decade," said James J. O'Brien, Ashland chairman and chief  executive 
officer. "Under his leadership, Ashland's finance organization has established
a reputation  for  performance,  accountability  and  transparency  during  an 
incredibly busy period of acquisitions and divestitures. Lamar and I began our
careers with Ashland just  a few months  apart, and through  the years he  has 
been a good  friend and trusted  partner, embodying the  best of what  Ashland 
stands for. We are  grateful for his many  significant contributions and  wish 
Lamar and his family much happiness in the years ahead." 

In his new role, Willis, 47,  will be responsible for all worldwide  financial 
functions  and  processes,  including  financial  accounting  and   reporting, 
treasury and finance, insurance, business development, planning and  analysis, 
investor relations, tax and internal audit activities. He also will serve as a
member of Ashland's Executive Committee.

Since Ashland's  acquisition  of  International Specialty  Products  (ISP)  in 
August 2011, Willis  has served as  Ashland's vice president  of finance,  and 
controller  for   Ashland  Specialty   Ingredients,  Ashland's   largest   and 
fastest-growing commercial unit. In that role, he has been responsible for the
day-to-day management  of  the  financial organization  and  processes  within 
Specialty Ingredients. He also has served on the leadership team.

A native  of Richmond,  Ky., Willis  joined Ashland  in 1987  as an  associate 
auditor.  He   served   in   various  management   positions   of   increasing 
responsibility, including  leading teams  on major  projects in  the  business 
services, information  technology, accounting  and  finance areas.  Among  the 
positions he previously held  were treasurer and  general auditor at  Ashland. 
Earlier in his  career, Willis  spent nearly  three years  in The  Netherlands 
helping  lead  Ashland's  effort   to  standardize  processes  and   implement 
accounting  and   other  administrative   shared  services   across   European 
operations. He earned a bachelor's degree  in accounting and an executive  MBA 
from the Kellogg School of Management at Northwestern University.

"Kevin has played a critical role in the successful integration of ISP and the
ongoing growth  of  Specialty  Ingredients,"  O'Brien  said.  "Throughout  his 
career, Kevin has displayed the leadership, critical thinking and vision  that 
have been  so  vital  to  Ashland's transformation  into  a  global  specialty 
chemical company. We look forward  to his contributions leading our  worldwide 
finance team as we position Ashland for continued growth." 

About Ashland
In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the
specialty chemicals, technologies and insights to help customers create new
and improved products for today and sustainable solutions for tomorrow. Our
chemistry is at work every day in a wide variety of markets and applications,
including architectural coatings, automotive, construction, energy, food and
beverage, personal care, pharmaceutical, tissue and towel, and water
treatment. Visit to see the innovations we offer through our four
commercial units - Ashland Specialty Ingredients, Ashland Water Technologies,
Ashland Performance Materials and Ashland Consumer Markets.


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Source: Ashland Inc. via Thomson Reuters ONE
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