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On December 10, Ascend Functional Materials announced the appointment of Patrick Schumacher as CEO, effective immediately. Patrick Schumacher has succeeded Mark Fei. Mark Fei will continue to serve as a special advisor to the board of directors and CEO to ensure a smooth transition as the company completes the Chapter 11 restructuring process. Mark Fei joined the company in 2015 and has been the global president and CEO since 2017, responsible for the company's global business development.

Zhitongcaijing·12/11/2025 01:33:04
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On December 10, Ascend Functional Materials announced the appointment of Patrick Schumacher as CEO, effective immediately. Patrick Schumacher has succeeded Mark Fei. Mark Fei will continue to serve as a special advisor to the board of directors and CEO to ensure a smooth transition as the company completes the Chapter 11 restructuring process. Mark Fei joined the company in 2015 and has been the global president and CEO since 2017, responsible for the company's global business development.