The Chemours Co. today named interim CEO Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately. Dignam has been interim CEO since late February, when former CEO Mark Newman was placed on leave due to an internal investigation. Prior to that, Dignam was president/titanium technologies and president/advanced performance materials at Chemours.
The internal investigation uncovered accounting irregularities related to cash flow targets used in public reporting and executive compensation, Chemours reported on Mar. 6. Former CFO Jonathan Lock and Vice President and Controller Camela Wisel were also placed on leave due to the investigation.
Chemours is currently searching for a permanent CFO, and interim CFO Matthew Abbot will continue in the role while the search progresses, the company said. Chemours has also named Diane Iuliano, formerly vice president/human resources, titanium technologies, as interim president/titanium technologies while the company searches for a permanent division president.
Dignam “will be focused on strengthening our portfolio with high-value and emerging growth opportunities,” she said in a statement.
by Vincent Valk
Source: chemweek.com
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