DuPont says Vergnano will run titanium dioxide spinoff
DuPont said on Thursday that Mark Vergano, a 26-year veteran, will become chief EXECutive of the chemical conglomerate's titanium dioxide business when it is spun off next year.
Vergnano will oversee the new company and its 7,500 employees after the spinoff, set for the second quarter of 2015. Vergnano, 55, currently oversees the unit within DuPont.
Delaware-based DuPont first announced the deal last October, saying it would use a complex, tax-free transaction to effectively give existing DuPont shareholders 100 percent ownership.
The new company, which makes titanium dioxide, a popular pigment found in products ranging from car paint to sunscreen, is expected to be publicly traded.
Ellen Kullman will remain CEO of DuPont, which is focusing more on agricultural products.
Reuters
Related News
May 14, 2024In April 2024, China's titanium dioxideproduction of 408,300 tons, down 2.56% from the previous year, an increase of17.98%, in 2024 from January to April, the cumulative titanium dioxideproduction of ...view
September 6, 2017Kronos Worldwide, Inc. (NYSE: KRO) announced that its board of directors has declared a regular quarterly dividend of fifteen cents ($0.15) per share on its common stock, payable on December 19, 2013 ...view
January 3, 2020China tio2 suppliers make anew price increasing $150/ton for chlorination tio2 since 2th,January due toraw materials going up crazily and short stock in the market.view
September 6, 2017PPG Industries' (NYSE:PPG) industrial coatings business has introduced ELECTROCOLOR® 3500 coating, an electrodeposition coating (e-coat) designed as a lightly-tinted clearcoat for application on meta...view
September 6, 2017WILMINGTON, Del., Feb. 6, 2017 -- The Chemours Company (Chemours) (NYSE: CC), today announced a price increase on all Ti-Pure ™titanium dioxide grades sold in North America, Canada, Asia- Pacifi...view
May 17, 2022According to the market demand for titanium dioxide, along with the rising prices of raw material, and the depreciation of the RMB exchange rate, China titanium dioxide suppliers announced price incre...view