Plus   Neg

FMC: Paul Graves To Lead New Lithium Materials Company As CEO; Expects IPO In H2

FMC Corp. (FMC) announced that Paul Graves, executive vice president and CFO, has been appointed CEO for the new, publicly traded lithium materials company, which will be created by separating FMC's lithium business in the second half of 2018. Gilberto Antoniazzi, CFO for FMC Agricultural Solutions, has been appointed CFO for the new lithium materials company. Andrew Sandifer, FMC vice president and treasurer, has been appointed CFO and treasurer for FMC Corporation.

Tom Schneberger, vice president and global business director of FMC Lithium, has been named chief operating officer for the new lithium materials company. Pierre Brondeau will serve as chairman of the board of the new lithium materials company. He will continue to lead FMC Corporation as president, CEO and chairman.

"Preparations to separate our lithium business are progressing very well, with an expected IPO in the second half of 2018. It is important that we have a strong executive team in place well in advance of the IPO," said Brondeau.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March this year due to the pandemic. Thomson International Inc. is recalling Red, Yellow, White, and Sweet Yellow Onions for potential contamination with Salmonella, according to a statement by the U.S. Food and Drug Administration or FDA. The onions are in distribution since May 1, 2020. They were sold to wholesalers, restaurants, and retail stores in all 50 U.S. states, the District of Columbia and Canada. Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude...
Follow RTT