COVINGTON, KY, Dec. 3 -- Gary Cappeline, 53, has been named vice president, Ashland Inc., and president, Ashland Specialty Chemical, according to James J. O'Brien, Ashland Inc. chairman and chief executive officer. The appointment is effective Dec. 4.<>
Cappeline replaces James A. Duquin, a 32-year veteran, who announced his retirement on Nov. 25.
Cappeline first joined Ashland Inc. in 1974 working in various positions of increasing responsibility until he was named a group vice president in the specialty chemicals business in 1993. He was responsible for significant growth of Ashland Specialty Chemical.
In 1997, Cappeline left Ashland to join Engelhard Corp., where he served as Group Vice President, Pigments and Additives. He was subsequently named president of AlliedSignal Specialty Chemicals, where he worked for Allied Signal's Chairman and CEO, Larry Bossidy. Most recently, he has worked as a chemical industry partner at Bear Stearns Merchant Bank.
A native of New York, Cappeline earned a bachelor's degree in chemical engineering from the City College of New York in 1972, and a master's degree in 1977 from the same institution. Cappeline is a 1988 graduate of the executive development program at the Indiana University School of Business, and he is a 1995 graduate of the advanced management program and international senior management program at the Harvard Business School.