EXECUTIVE PROFILES

Paul W. Chellgren
Ashland Inc.

Mr. Chellgren joined Ashland in 1974 as executive assistant to the chairman of the board and chief executive officer. In 1977, he was named administrative vice president of Ashland Chemical Company. He became an Ashland Chemical group vice president the following year. He was named senior vice president and group operating officer of Ashland Oil in 1980 and was elected senior vice president and chief financial officer in 1988. In January 1992, he was elected president and chief operating officer and a member of the board of directors. He was elected chief executive officer October 1, 1996, and chairman of the board on January 30, 1997. Mr. Chellgren holds directorships in Arch Coal, Inc., PNC Bank Corp., Medtronic, Inc., the University of Kentucky, Centre College and the American Petroleum Institute, and he is a member of the Business Roundtable Policy Committee, the National Petroleum Council, the National Petroleum Refiners Association and the Society of the Chemical Industry. He also is a member of the University of Kentucky Fellows, chairman of Leadership Tri-State, a director of the Marshall University Foundation and the Foundation for the Tri-State Community, vice chairman of the National Foundation for Advancement in the Arts, and a director and secretary/treasurer of American Friends of University College, Oxford, Inc. Mr. Chellgren earned a B.S. from the University of Kentucky, an M.B.A. from Harvard University and a D.D.E. from Oxford University. Prior to joining Ashland, Mr. Chellgren was an associate with McKinsey & Company in London, England, and Washington, D.C.; served as an operations analyst in the Office of Secretary of Defense in Washington, D.C.; was an administrative assistant for Boise Cascade in Boise, Idaho, and division general manager in Los Angeles; and was general manager of Universal Capital Corp. in Kansas City, Missouri. He was born in Tullahoma, Tennessee. He and his wife, Sheila, reside near Ashland, Kentucky, and have three children.

Source: Ashland Web Site.

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