Appointment · 9 October 2026
AVIENT CORP
AVNT · Listed
Key facts
- How the CEO left
- Resignation
- Planned or abrupt
- Abrupt
- Successor
- External hire
- Outgoing CEO stays as
- Adviser
- Signs it was forced
- Yes
- Other news alongside
- None
- Effective
- 7 October 2026
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
On October 7, 2026, the Board of Directors (the “Board”) of the Company elected Michael J. Frank as President and Chief Executive Officer, and as a member of the Board, effective October 7, 2026 (the “Effective Date”).
There are no arrangements or understandings between Mr. Frank and any other persons pursuant to which Mr. Frank was elected as President and Chief Executive Officer of the Company.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 9 October 2026 at 11:10 New York time, during trading hours, so day 0 is that same day. Day 0 is marked by the vertical line.
| Window | AVNT | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −4.9% | +0.5% | −5.4% |
| Days 0 to +3 | −5.2% | −0.6% | −4.6% |
| 1 month (days 0 to +21)so far, 13 of 22 days | +3.5% | −0.6% | +3.7% |
| 3 months (days 0 to +63)so far, 13 of 64 days | +3.5% | −0.6% | +3.7% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 1.10) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- Avient Appoints Mike Frank as Chief Executive Officer ↗
prnewswire.com · 9 October 2026 · Tone: neutral
- Avient Appoints Mike Frank To Succeed Ashish Khandpur As President And CEO ↗
finanzen.ch · 9 October 2026 · Tone: neutral
- Avient Stock Falls 5% After Appointing Mike Frank As CEO ↗
rttnews.com · 9 October 2026 · Tone: negative
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.