Advanced Drainage Systems, Inc. announced that Joseph A. Chlapaty has communicated to the Board of Directors his intention to retire as the company's President, Chief Executive Officer, and Chairman of the Board by the end of calendar year 2017. As part of the company's succession plan, the Board has created a search committee and has hired recruiting firm Korn Ferry to identify and evaluate both internal and external candidates to succeed Mr. Chlapaty. Mr. Chlapaty will remain as President, CEO and Chairman of the Board throughout the search process to ensure an orderly transition.