AdvanSix Appoints Patrick C. Day as Senior Vice President and Chief Financial Officer
Parsippany, N.J., April 13, 2026 – AdvanSix Inc. (NYSE: ASIX), an integrated chemistry company serving diverse end markets, has announced a significant executive leadership change that could influence the company’s strategic direction and financial performance.
Key Highlights
- Appointment of New CFO: Patrick C. Day has been named Senior Vice President and Chief Financial Officer, effective April 27, 2026. Mr. Day will succeed Christopher Gramm, who has served as Interim CFO. Mr. Gramm will return to his previous role as Vice President of Corporate Finance and Strategic Financial Planning and Analysis.
- Background and Experience: Mr. Day, age 47, brings extensive experience in financial leadership within global industrial and chemical companies. He most recently served as Vice President, Financial Planning and Analysis and Investor Relations at FMC Corporation since January 2024. His prior roles at FMC include Director, Global Financial Planning and Analysis (August 2020–December 2023) and Finance Director for FMC’s Europe, Middle East, and Africa region (January 2016–August 2020). Earlier, he worked at Deloitte Consulting and United Technologies Corporation in various finance and finance transformation capacities.
- Compensation and Incentives: As part of his employment package, Mr. Day will receive:
- An annual base salary of \$530,000.
- Participation in the company’s short-term incentive program with a target incentive compensation opportunity of 70% of base salary (prorated for 2026).
- Eligibility for equity-based awards under the company’s long-term incentive program, with an initial annual grant valued at \$1,200,000 as a mix of restricted stock units (RSUs) and performance stock units, to be awarded in the 2027 cycle.
- A sign-on grant of RSUs valued at \$900,000 as a make-whole for forfeited equity from his previous employer and as an inducement to join AdvanSix. Half of these RSUs will vest on the third anniversary of the grant date, with the remainder vesting in three equal annual installments on the first three anniversaries of the grant date.
- No Related Party Transactions: There are no family relationships between Mr. Day and any director or executive officer of AdvanSix, nor does he have any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
- Continued Leadership: Chris Gramm, the outgoing Interim CFO, will continue to play a key role in corporate finance and strategic financial planning, ensuring continuity in financial oversight.
Potential Shareholder Impact and Price Sensitivity
- Strategic Leadership Change: The appointment of a permanent CFO with deep industry and financial experience is a material event and could be viewed positively by investors. Mr. Day’s background in financial transformation, planning, and investor relations at another major chemical company signals AdvanSix’s commitment to strengthening its leadership team and enhancing operational and financial discipline.
- Compensation Structure: The competitive compensation package, including significant equity incentives, aligns Mr. Day’s interests with those of shareholders and underscores the Board’s confidence in his ability to drive long-term value creation.
- Forward-looking Statements: The company has issued the customary caution on forward-looking statements, noting risks including economic conditions, geopolitical events, supply chain issues, regulatory changes, and other uncertainties that may affect future performance.
- No Other Material Transactions: No related party transactions or conflicts of interest involving the new CFO were disclosed.
About AdvanSix
AdvanSix is a leading U.S.-based integrated chemistry company supplying essential materials across industries including building and construction, fertilizers, agrochemicals, plastics, packaging, paints, adhesives, electronics, and more. The company operates five U.S. manufacturing facilities, emphasizing innovation, operational excellence, and customer focus.
Official Statement
President and CEO Erin Kane commented, “Pat is a proven finance leader with the experience needed to help guide AdvanSix through our next stage of growth and opportunity. Pat’s appointment reflects our commitment to building strong leadership and financial capabilities to drive long-term value creation for our shareholders.”
Pat Day added, “I am excited to join AdvanSix at a time when the company has a clear strategy and roadmap, strong momentum and a compelling opportunity ahead. What drew me to AdvanSix is the combination of its portfolio of essential chemistries that power everyday life, a safety-focused culture intent on delivering impact, and a leadership team with a clear emphasis on long-term value creation.”
Contact Information
Disclaimer
This article contains information based on public filings and press releases by AdvanSix Inc. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Investors are advised to review the company’s filings with the SEC and consult their financial advisors before making investment decisions. The information presented does not constitute investment advice.
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