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
October 29, 2020Since October 28, 2020, China's titanium dioxide has started a second round of price increasing $150-$180 due to crazy titanium concentrate price going up.Moreover, stable supply is also a challenge f...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
- October 15, 2021China suppliers announces a new titanium dioxide price increasing $100/ton since 13th,October,2021view
- September 6, 2017About 9.5 billion roubles (1 rouble roughly equals 32.9 U.S. dollars) will be allocated to the Urals Sverdlovsk region to create a special economic zone Titanium Valley, according to the government’...view
- February 21, 2024At present, the supply of titanium dioxidein China local market is generally very tight, in short supply. Since February 20, 2024, a new round of titanium dioxide priceincreases has began, most China...view
- September 6, 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
English