STAMFORD, Conn., Oct. 25,
2023 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX)
("Tronox" or the "Company"), the world's leading integrated
manufacturer of titanium dioxide pigment, today announced that
Jean-François Turgeon, Tronox's co-chief executive officer, will
retire from Tronox on April 1, 2024.
John Romano, current co-chief
executive officer, will become Tronox's sole CEO effective as of
Mr. Turgeon's retirement. The Board of Directors intends to
nominate Mr. Turgeon for reelection as a Board member at the
Company's Annual General Meeting in May
2024.
Chairman of the Board, Ilan
Kaufthal, commented, "JF has been an extremely valuable
leader at Tronox, bringing decades of industry experience and
operational acumen as co-CEO at Tronox for the last three years and
for seven years prior to that, including serving as our Chief
Operating Officer. We are grateful that JF will continue to serve
on our Board after his retirement. On behalf of the Board and
entire Tronox team, I would like to thank JF for his dedication,
drive for excellence and selfless leadership style which have
enabled Tronox to be the differentiated leading Company it is
today."
Mr. Kaufthal continued, "With JF's planned retirement, the Board
has decided that now is the right time to move to a simplified
leadership structure with John singularly leading Tronox. With a
strategic global mindset, deep understanding of our industry and
customers, and a clear vision for the future, we are excited for
John's continued contributions as CEO."
Mr. Turgeon commented, "I am extremely honored to have played a
part in Tronox's transformation and believe the Company has never
been better positioned to continue navigating the current
environment and generate meaningful value for shareholders. I look
forward to the future ahead for Tronox and wish John the best as he
takes the helm, having absolute confidence he is the right choice
to continue to lead the Company. I would like to thank the Board,
John, and my colleagues for an incredible journey at Tronox."
John D. Romano, co-Chief
Executive Officer, concluded, "I want to congratulate JF on his
upcoming retirement and thank him for being an extremely valuable
partner and force for positive change at our Company over many
years. It has been an honor to serve in the co-CEO role together
and as we turn the page on this chapter, I want to thank the Board
for their continued trust. I am excited for the future of Tronox
and am confident it will be a smooth transition over the next six
months."
Mr. Turgeon joined Tronox in January
2014 to integrate the mineral sands and pigment business and
oversee integrated business planning, technology, supply chain and
capital investment including mine development. He has 35 years of
leadership experience in the global titanium dioxide business,
including more than 24 years at the Rio Tinto Group. His leadership
and operational expertise have been integral to the transformation
of Tronox into the world's leading vertically integrated producer
of titanium dioxide pigment. Among the many contributions of Mr.
Turgeon was implementing a mindset transformation that unified the
organization's approach to collaboration and accelerating
success.
Mr. Romano has 35 years of leadership experience in the global
TiO2 business. He has held a variety of roles prior to
his appointment as co-CEO in December
2020, including Executive Vice President, Chief Commercial
and Strategy Officer, Senior Vice President and President of the
Company's Pigment and Electrolytic operations, and a variety of
senior sales and marketing leadership positions at Tronox and its
predecessor companies.
The Company today is scheduled to release Q3 2023 earnings after
market close via PR Newswire and the Tronox Holdings plc website.
This release can be found at www.investor.tronox.com.
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals, and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals, including the
rare earth-bearing mineral, monazite. With approximately 6,500
employees across six continents, our rich diversity, unmatched
vertical integration model, and unparalleled operational and
technical expertise across the value chain, position Tronox as
the preeminent titanium dioxide producer in the world. For more
information about how our products add brightness and durability to
paints, plastics, paper and other everyday products, visit
tronox.com.
Media Contact: Melissa Zona
+1.636.751.4057
Investor Contact: Jennifer
Guenther
+1.646.960.6598
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SOURCE Tronox Holdings plc