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 10, 2021China's titanium dioxide has started a new round of price increasing $150/ton since May 6th,2021 due to titanium concentrate price going up and tight supply.There are two main reasons for the continu...view
February 11, 2019Venator announces a new price increasing of $0.07 per pound for all grades of titanium dioxide for customers in the United States and Canada. since 1th,February,2019.view
February 19, 2019Following VENATOR price increasing letterreleased on January 31st,2019, China tio2 market price increase $100/mt after China Lunar New Year,.It's estimated that tio2 trends will be still warm in the c...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
September 6, 2017Date: Nov 12, 2013Venue: King Wing hotel, Beijing ChinaOrganized by: CHINA NATIONAL COATINGS INDUSTRY ASSOCIATION(CNCIA)Sponsored by: Titanium Dioxide Branch of CNCIAThemes:(i) to understand and inter...view
September 6, 2017Huntsman Corporation (NYSE: HUN) and Rockwood Holdings, Inc. (NYSE: ROC) today announced completion of an important milestone in Huntsman’s pending acquisition of Rockwood’s Performance Additives a...view