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
September 6, 2017Highlights:2013 Q3 average TiO2 selling prices decreased 18% as compared to the third quarter of 2012;2013 Q3 average TiO2 selling prices decreased 21% in the first nine months of the year as compared...view- February 23, 2023Titaniumdioxide production in January decreased significantly, regional productionmonth-on-month basically have reduced, mainly due to the impact of the market andthe end of the enterprise annual over...view
- October 19, 2020In September 2020, China's titanium dioxideoutput was 302,200 tons, a decrease of about 2,000 tons from August, a decreaseof 0.69% from the previous month and an increase of 13.96% from the previousye...view
- February 8, 2021China's titanium dioxide prices have risen again since Feb. 07., 2021, the price increase is @RMB1000/mt , @USD150/mt. As the Chinese Lunar New Year holiday is approaching, most of the export goods ca...view
- March 12, 2019Due to trade war trends between China and USA getting easing now,people are optimistic about economic in the new Year 2019. China titanium dioxide suppliers make a new price increasing $80-$100/ton i...view
- March 10, 2022China's titanium dioxide has started a new round of price increasing $150/ton since March 10th,2022 due to raw production materials cost going up quickly recently.view
English