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.
- September 6, 2017THE WOODLANDS, Texas, Jan. 31, 2017 -- A fire started January 30 at Huntsman Corporation's (HUN) titanium dioxide manufacturing facility in Pori, Finland. All Huntsman associates at the site have be...view
- August 8, 2017Ishihara Sangyo Kaisha, Ltd. and its affiliates have announced a price increase of Tipaque® titanium dioxide (TiO2) by US$250 per metric ton in the Asia-Pacific region effective as from July 1st, ...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
- September 6, 2017World Titanium Resources (ASX: WTR) has streamlined its board of directors to meet the challenges presented by the next stage of its Ranobe mineral sands project in Madagascar. Chairman Wayne Malouf a...view
- January 2, 2018Ishihara Sangyo Kaisha, Ltd. and its affiliates have announced a priceincrease of Tipaque® titanium dioxide (TiO2) by US$200 per metric ton inthe Asia-Pacific region effective as from January 1st,...view
- September 6, 2017Indonesia＇s main rubber grouping is calling on the world＇s second largest producer to cut output next year by 10 percent, while urging other Southeast Asia rubber-growing countries to do the same to reduce gl...view