WILMINGTON, Del., Oct. 3, 2019 /PRNewswire/ -- The Chemours Company
(Chemours) (NYSE: CC), a global chemistry company with leading
market positions in titanium technologies, fluoroproducts, and
chemical solutions, today announced that Paul Kirsch, president of the company's
Fluoroproducts business, has elected to leave Chemours.
Edwin (Ed) Sparks, who is president
of Chemours' Chemical Solutions business, will lead Fluoroproducts
as well, effective immediately. They will work closely together
throughout the month of October to assure a seamless transition,
providing continuity for Chemours customers and other
stakeholders.
Among his many responsibilities, Paul served as executive
sponsor of Chemours' corporate responsibility work, which is
closely aligned with his personal passion for environmental
stewardship. He leaves Chemours to take the role of CEO for 4THBIN,
an electronics recycling business he and his brother founded a few
years ago.
Ed started his career at DuPont working at the New Johnsonville
Titanium Technologies manufacturing facility. For over 25 years, he
held positions of increasing responsibility across that company in
sales, operations, technology, process development, as well as
corporate strategy and capital planning. Most recently, as
president of Chemours' Chemical Solutions business, Ed streamlined
the organization's operations and delivered annual improvements in
revenue and margin.
"Ed brings deep commercial and operating experience and is the
right person to take over for Paul. I am confident Ed's leadership
will enable the Fluoroproducts business to achieve long-term,
sustainable growth," said Mark
Newman, Chemours COO. "Paul was instrumental in completing
the foundational transformation of the Fluoroproducts business and
developing the current business strategy. I wish Paul well in this
next phase of his professional life."
About The Chemours Company
The Chemours Company (NYSE:
CC) is a global leader in titanium technologies, fluoroproducts,
and chemical solutions, providing its customers with solutions 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 general industrial manufacturing. Our flagship products
include prominent brands such as Teflon™, Ti-Pure™, Krytox™,
Viton™, Opteon™, Freon™ and Nafion™. Chemours published its first
corporate responsibility commitment report in 2018, which
highlights goals aligned with the United Nations Sustainable
Development Goals. The company has approximately 7,000 employees
and 28 manufacturing sites serving approximately 3,700 customers in
over 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE
under the symbol CC.
For more information, we invite you to
visit chemours.com or follow us on
Twitter @Chemours or LinkedIn.
Forward Looking Statements
This press release contains
forward-looking statements, within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995, that involve risks and uncertainties. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to any historical or current fact. The words
"believe," "expect," "will," "anticipate," "plan," "estimate,"
"anticipate," "target," "project," and similar expressions, among
others, generally identify "forward-looking statements" which speak
only as of the date the statements were made. These forward-looking
statements may address, among other things, the outcome or
resolution of any pending or future environmental liabilities,
litigation and other legal proceedings or contingencies,
anticipated future operating and financial performance, business
plans and prospects, transformation plans, cost savings targets and
plans to increase profitability, that are subject to substantial
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
Forward-looking statements are based on certain assumptions and
expectations of future events which may not be accurate or
realized. Forward-looking statements also involve risks and
uncertainties which are beyond Chemours' control. Additionally,
there may be other risks and uncertainties that Chemours is unable
to identify at this time or that Chemours does not currently expect
to have a material impact on its business. Factors that could cause
or contribute to these differences include the risks, uncertainties
and other factors discussed in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for
the year ended December 31, 2018.
Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
CONTACT:
INVESTORS
Jonathan Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
NEWS MEDIA
Alvenia
Scarborough
Senior Director, Corporate
Communications and Brand
Marketing
+1.302.773.2711
media@chemours.com
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SOURCE The Chemours Company