ASHLAND INC. ELECTS CHAMBERS VICE PRESIDENT AND CONTROLLER
14 April 2004 - Ashland Inc

In his new position, Chambers' responsibilities will include oversight of the company's accounting policies and practices, external and internal financial reporting, and new accounting standards and developments. He will become a member of Ashland's Operating Committee and will report to J. Marvin Quin, senior vice president and chief financial officer. Chambers replaces Kenneth L. Aulen, who is retiring after 24 years of service to the company.

Chambers joined Ashland in 1976. His wide range of responsibilities have included financial analysis and internal auditing for Ashland Inc., Ashland Coal and Ashland Paving And Construction, Inc. (APAC®); assistant controller for APAC; executive assistant to former Ashland Inc. chairman and CEO, John R. Hall, administrative vice president, finance for Ashland Petroleum Company, vice president, finance and controller for Marathon Ashland Petroleum, LLC and senior vice president, finance/administration for APAC. In his most recent position, Chambers served at APAC as regional vice president with oversight responsibility for Texas operations.

Effective May 1, John A. Walker, regional vice president with oversight responsibility for APAC operations in Arkansas, Kansas, Missouri and Oklahoma, will assume added responsibility for APAC's business units in Texas.

Chambers is a native of Marietta, Georgia. He is a certified public accountant and holds a bachelor's degree in business administration from State University of West Georgia and is a graduate of Indiana University's Executive Development Program. He has served as a member of the Board of Directors for the Ashland, Ky. Chamber of Commerce and as an executive board member for the Boy Scouts of America in the Ashland, Ky. area. He has been active in community organizations, including Junior Achievement, Kentucky Educational Television (KET) and Leadership Kentucky.

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