Swiss seed and pesticide company Syngenta AG said Wednesday that longtime chief financial officer John Ramsay will retire at the end of September.
He will be succeeded by Mark Patrick, who currently heads commercial finance for the company.
Mr. Ramsay also served as the company’s interim chief executive officer until June. In that role, “he guided the company through a period of uncertainty with great skill and judgment and was central to the transaction agreement with ChemChina,” said current CEO Erik Fyrwald.
In February, Syngenta agreed to be purchased by government-owned China National Chemical Corp., commonly known as ChemChina, in a deal worth $43 billion.
By Brian Blackstone
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).