Corteva today announced that Gregory R. Friedman, Executive Vice President and Chief Financial Officer (CFO), notified the Company of his intention to retire from Corteva. Mr. Friedman remains fully committed to Corteva and has agreed to continue in his role as CFO while an external search for his replacement is underway.
“Greg’s expert and thoughtful leadership of our Finance organization helped establish a solid foundation for Corteva’s future as a strong, independent leader in global agriculture,” said James C. Collins, Jr., Chief Executive Officer of Corteva. “The Board and I deeply appreciate Greg’s commitment to Corteva’s long-term success and his work over the past several years to help create a highly disciplined culture focused on delivering value for our shareholders. I will miss his partnership and appreciate his willingness to help us assure a smooth transition to his successor. We wish him all the best in the next phase of his life,” Mr. Collins said.
“Corteva has a strategy that is working, as its industry-leading pipeline continues to drive growth and the benefits of our work over the past few years will accelerate earnings improvement starting this year. With the company well-positioned to deliver a strong 2021 and on track to deliver on its mid-term targets, I felt the completion of the Company’s fourth quarter earnings was the right time to announce my retirement from Corteva,” said Mr. Friedman. “I have had many incredible opportunities in my time at DuPont, Pioneer and Corteva. For me and my family, I believe this is the right time to retire from Corteva and I have complete confidence that the Company will continue to deliver significant value to our shareholders and meaningful benefits to our customers — and the planet — in the near-term and over the coming years.”
by Corteva, Press Release
During a European Industry Summit held on the site of BASF in Antwerp, leaders from basic industry sectors, representing 7.8 million workers in Europe, joined forces with European trade unions and European leaders to address pressing concerns regarding Europe’s industrial landscape.
The use of blue or low-carbon hydrogen, made from natural gas with carbon capture and storage (CCS), could increase near-term global warming by 50% compared with burning fossil fuels directly for energy if emissions are not properly managed, according to a new study by NGO the US Environmental Defense Fund (EDF) and the University of Arizona.
In a move to improve the supply of renewable hydrogen and thus reduce dependence on natural gas and contribute to achieving the objectives of the European Green Deal and the REPowerEU plan, the EU Commission has approved a third Important project of common European interest (IPCEI) to support hydrogen infrastructure.