Avient Corporation announced that Giuseppe (Joe) Di Salvo will become Senior Vice President and Chief Financial Officer effective June 1 2026, succeeding Jamie A. Beggs who will depart the company on the same date.
Di Salvo has spent nearly 15 years at Avient, progressing from Corporate Controller to Vice President of Investor Relations, Treasury, and Financial Planning & Analysis. His 25 years of financial experience and deep institutional knowledge underpin the company’s confidence in his ability to steer the finance organization.
The CFO transition comes as Avient continues to execute a strategic shift toward specialty, high‑performance polymers, following the 2024 acquisition of Dyneema. The new finance chief will oversee capital allocation, debt management, and investor communications during a period of margin expansion and balance‑sheet repair. Avient’s 2025 full‑year results showed a net leverage ratio of 2.6×, and the company is targeting a sub‑2.5× leverage ratio for 2026 while investing $140 million in defense‑capacity expansion.
Avient’s Q4 2025 earnings, released February 12 2026, demonstrated the effectiveness of this strategy. Revenue rose to $761 million, beating the consensus estimate of $750.17 million, and adjusted EPS of $0.56 surpassed the $0.55 estimate. The 80‑basis‑point margin expansion to 15.5% was driven by a stronger mix in the Specialty Engineered Materials segment and productivity initiatives across the business. These results reinforced management’s confidence, reflected in the company’s guidance for 2026 adjusted EBITDA of $555–$585 million and adjusted EPS of $2.93–$3.17.
Management highlighted the CFO’s role in sustaining this momentum. "Joe’s deep institutional knowledge, strong relationships within the company and with our investors, and consistent delivery of results make him exceptionally well suited to lead our finance organization," said Chairman, President and CEO Dr. Ashish K. Khandpur.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.