Avient Sinks 7% on Sudden CEO Change as New Leader Vows to “Sharpen Execution”
Key TakeawaysAvient shares fell 7% today after the company said CEO Ashish Khandpur had stepped down, effective immediately, and named UPL Corporation CEO Mike Frank to replace him. The selloff looks like an overreaction, since Avient reaffirmed its third-quarter and full-year 2026 guidance on the same morning.
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