Mr. Chellgren is an Operating Partner of Snow Phipps and currently serves as the Chairman of ArrMaz Custom Chemicals, Inc., and served as Chairman of Excel Mining Systems, LLC and FiberVisions Corporation prior to Snow Phipps’ sale. Mr. Chellgren was formerly Chairman and CEO of Ashland Inc. (NYSE: ASH), a global diversified energy and chemical company, from 1997 until he retired in 2002, and was at the company since 1974. During his tenure as Chairman and CEO, Mr. Chellgren presided over the distribution to shareholders of Ashland’s stake in Arch Coal, Inc., formation of the Marathon Ashland Petroleum refining venture with USX-Marathon (now Marathon Oil Corp.), divestiture of its exploration and production division and acquisition of several businesses which were combined with Ashland’s highway paving and construction and chemical operations. Prior to joining Ashland, Mr. Chellgren was an Associate with McKinsey & Company, Operations Analyst in the Office of Secretary of Defense in Washington, D.C., Executive Assistant and Division General Manager of Boise Cascade, Corp. and General Manager of Universal Capital Corp.
Mr. Chellgren received an M.B.A. from Harvard University, a D.D.E. from Oxford University and a B.S. in Accounting and Economics from the University of Kentucky. In addition to the board memberships with Ashland, Mr. Chellgren is currently a Director of PNC Financial Services Group, Inc. and has previously held Directorships with Arch Coal, Inc., Medtronic, Inc., Ashland Coal, Inc., the American Petroleum Institute and the American Chemistry Council. He has also been a member of the Business Roundtable Policy Committee, National Petroleum Council, National Petroleum Refiners Association and Society of the Chemical Industry. He is currently a Director of numerous public and private organizations including American Friends of University College, Oxford, the Taft Museum of Art, Centre College and the Greater Cincinnati Foundation.