WILMINGTON, Del., May 18, 2015 /PRNewswire/ -- The Chemours
Company ("Chemours"), a wholly owned subsidiary of E. I. du Pont de
Nemours and Company ("DuPont"), announced today that eight
individuals have been selected to serve on the company's board of
directors following its spinoff from DuPont which is expected to
occur on July 1, 2015, subject to
customary closing conditions.
The new board members will be Richard
Brown, chair of the board, as well as Curtis Anastasio, Bradley Bell, Mary
Cranston, Curtis Crawford,
Dawn Farrell, Stephen Newlin, and Mark
Vergnano.
"I am extremely pleased with the formation of the Chemours Board
of Directors," said Mark Vergnano,
executive vice president, DuPont and CEO designate of Chemours.
"Our Board brings together the full range of experience and
technical knowledge required to oversee Chemours, drawing on
a wealth of experience in the chemical industry, finance,
operations, innovation and risk management combined with solid
business judgment. I am confident that together we will chart a
path of growth and success as the new Chemours company."
Chemours Board of Directors
Curtis V. Anastasio (58) currently serves as
executive chair of GasLog Partners LP, a global owner, operator,
and manager of liquefied natural gas carriers and as vice chair of
Par Petroleum Corporation, a diversified energy company. Formerly,
he served as president, chief executive officer and executive
director of NuStar Energy, L.P. (formerly Valero L.P.) and as
president, chief executive officer and executive director of NuStar
GP Holdings, LLC (formerly Valero GP Holdings, LLC). Anastasio
serves as chair of the United Way of San
Antonio and Bexar County
and the Boy Scouts of America Alamo Area
Council and also serves on the board of the Federal Reserve
Bank of Dallas.
Bradley J. Bell (62) currently
serves as non-executive chair of the board of directors of
Momentive Performance Materials Holdings Inc., a global
manufacturer of silicones, quartz, and ceramics. Bell also serves
on the board of directors of Compass Minerals International, Inc.,
a leading producer of salt and specialty nutrients. He formerly
served as executive vice president and chief financial officer of
Nalco Holding Company, a global leader in water treatment and
process chemical services, and as senior vice president and chief
financial officer of Rohm and Haas Company.
Richard H. Brown (67) currently
serves as chair of Browz, LLC, a global leader of contractor
pre-qualification and compliance solutions. Formerly, he served as
chair and chief executive officer of Electronic Data Systems (EDS)
and as chief executive officer of Cable & Wireless PLC, H&R
Block Inc. and Illinois Bell Telephone Company. He is a trustee
emeritus of the Ohio University
Foundation. Brown previously served on the board of E. I. du Pont
de Nemours and Company from 2001-2015 and formerly served as a
member of the Business Roundtable, the President's Advisory
Committee on Trade and Policy Negotiations, the U.S.-Japan Business
Council, the French-American Business Council, and the President's
National Security Telecommunications Advisory Committee.
Mary B. Cranston (67) is a
retired senior partner and chair emeritus of Pillsbury Winthrop Shaw Pittman, LLC, an
international law firm. Prior to her retirement in 2012, Cranston
served as chair, chief executive officer and senior partner of
Pillsbury. She currently serves on the boards of Visa, Inc. and
Juniper Networks, Inc.
Curtis J. Crawford (67) currently
serves as president and chief executive officer of XCEO, Inc., a
consulting firm specializing in leadership and corporate
governance. Prior to founding XCEO Inc., he served as president and
chief executive officer of Onix Microsystems and Zilog Inc.
Crawford currently serves on the boards of Xylem Inc. and ON
Semiconductor. He previously served on the boards of E. I. du Pont
de Nemours and Company, ITT Corp., Agilysys, Lyondell
Petrochemical, The Sisters of Mercy Health Corporation and
DePaul University. In 2011, he was
awarded the B. Kenneth West Lifetime Achievement Award from the
National Association of Corporate Directors (NACD) for his
contribution to corporate governance and for having made a
meaningful impact in the boardroom.
Dawn L. Farrell (55) currently
serves as president and chief executive officer of TransAlta
Corporation, an electricity power generator and wholesale marketing
company. Prior to becoming president and chief executive officer,
Farrell held a variety of increasingly responsible leadership
positions, including chief operating officer and executive vice
president of Commercial Operations and Development. She previously
served as the executive vice president of Generation for BC Hydro.
Farrell serves on the board of TransAlta Corporation and the
Canadian Council of Chief Executives.
Stephen D. Newlin (62) currently
serves as executive chair of PolyOne Corporation, a global provider
of specialized polymer materials, services and solutions. Formerly,
he served as the chair, president and chief executive officer of
PolyOne. Prior to joining PolyOne, Newlin served as president,
Industrial Sector of Ecolab Inc. and as vice chair, president and
chief operating officer of Nalco Chemical Company. He currently
serves as a director of PolyOne Corporation, Univar Corporation and
Oshkosh Corporation.
Mark P. Vergnano (57) will serve
as president, chief executive officer and director of Chemours. He
is currently executive vice president of DuPont and has had several
leadership positions throughout the company including the areas of
manufacturing, technology, marketing, sales and business strategy.
Vergnano serves on the board of directors of Johnson Controls, Inc.
and the U.S. National Safety Council.
About The Chemours Company
A wholly-owned subsidiary
of DuPont, The Chemours Company is a global leader in titanium
technologies, fluoroproducts and chemical solutions, providing its
customers in a wide range of industries with market-defining
products, application expertise and chemistry-based innovations.
Chemours ingredients are found in plastics and coatings,
refrigeration and air conditioning, mining and oil refining
operations and general industrial manufacturing. Our flagship
products include prominent brands such as Teflon®, Ti-Pure®,
Krytox®, Viton®, Opteon® and Nafion®. Chemours has approximately
9,000 employees across 37 manufacturing sites serving more than
5,000 customers in North America,
Latin America, Asia-Pacific and Europe. Chemours is headquartered in
Wilmington, Del.
About DuPont
DuPont (NYSE: DD) has been bringing
world-class science and engineering to the global marketplace in
the form of innovative products, materials, and services since
1802. The company believes that by collaborating with customers,
governments, NGOs, and thought leaders we can help find solutions
to such global challenges as providing enough healthy food for
people everywhere, decreasing dependence on fossil fuels, and
protecting life and the environment.
Forward-Looking Statements: This document contains
forward-looking statements which may be identified by their use of
words like "plans," "expects," "will," "believes," "intends,"
"estimates," "anticipates" or other words of similar meaning. All
statements that address expectations or projections about the
future, including statements about the timing of the Separation,
are forward looking statements. Forward-looking statements are not
guarantees of future performance and are based on certain
assumptions and expectations of future events which may not be
realized. Forward-looking statements also involve risks and
uncertainties. One important factor that could cause actual
results to differ materially from those projected in any such
forward looking statements risks that the conditions to the
Separation are not satisfied. Neither DuPont nor Chemours
undertakes any duty to update such forward-looking statements as a
result of future developments or new information.
The DuPont Oval Logo, DuPont™, Teflon®, Ti-Pure®, Krytox®,
Viton®, Opteon® and Nafion® are registered trademarks or trademarks
of DuPont or its affiliates.
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SOURCE DuPont