Chemours, a global chemistry company, has announced the appointment of Denise Dignam as its new President and Chief Executive Officer. Dignam, who has over 35 years of experience in the chemical industry, had been serving as the interim CEO and had previously held senior roles in business and operations, sales and marketing, commercialization, and supply chain. During her tenure as the President of the Titanium Technologies (TT) segment, she implemented the TT transformation plan, leading to significant operational savings in 2023. As the President of the Advanced Performance Materials (APM) segment, she focused on reshaping the portfolio to capitalize on growth opportunities in clean energy and advanced electronics, driving strategic partnerships and initiatives across the globe.
Under Dignam's leadership, the TT segment represented over 68% of Chemours' net sales in 2023. Additionally, she was instrumental in developing process improvements for better resource utilization across the manufacturing circuit. Her efforts have contributed to strengthening Chemours' portfolio with high-value and emerging growth opportunities, while also ensuring efficient, effective, and safe operations.
Dawn Farrell, the Chair of the Board of Chemours, expressed support for Dignam's appointment, highlighting her track record in leading the APM and TT business segments. Meanwhile, Matthew S. Abbott will continue in his role as the interim Chief Financial Officer (CFO) as Chemours begins a comprehensive search for a permanent CFO.
In addition to Dignam's appointment, Diane Iuliano Picho, Vice President of Human Resources and Chief of Staff, Titanium Technologies, will serve as the interim President of the Titanium Technologies segment while the company conducts a comprehensive search for a permanent segment president.
Chemours, which is listed on the NYSE under the symbol CC, operates in industries such as coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. The company has approximately 6,200 employees and 28 manufacturing sites, serving approximately 2,700 customers in approximately 110 countries.
As a result of these announcements, the company's shares have moved 1.5% on the market, and are now trading at a price of $28.28. Check out the company's full 8-K submission here.
