Innospec (NASDAQ:IOSP) has officially announced the retirement of Dr. Philip Boon, the company's Executive Vice President and Chief Operating Officer, effective March 31, 2025.

Dr. Boon, who has significantly contributed to the company's operations, will continue to provide support in a consultancy role under terms to be agreed upon post-retirement.

The departure marks a significant transition for Innospec, as Dr. Boon's guidance has been pivotal in steering the company toward its current standings in the market.