PHILADELPHIA, Feb. 29,
2024 /PRNewswire/ --
FMC Corporation (NYSE:FMC), an agricultural sciences company,
today announced several changes to its executive leadership team as
part of the company's previously announced transformation and
restructuring initiative.
Barry Crawford, vice president,
Operations, is transitioning to a full-time executive role leading
the company's transformation, effective March 1. The scale
and scope of FMC's restructuring and transformation requires the
focused attention of a senior executive to ensure the company
delivers significant cost savings in 2024 and beyond, and
successfully designs and launches a new operating model that drives
greater efficiency and profitable growth across the company.
Crawford brings broad knowledge of FMC's business lines and global
operations to this new role. As vice president,
Transformation Management, he will continue to report to
Mark Douglas, president and CEO.
Thaisa Hugenneyer, vice president, Procurement, Logistics and
Global Facilities, has been elected an FMC executive vice
president, Operations, Supply Chain and Procurement, effective
March 1. In addition to her current duties, Hugenneyer will
assume responsibility for Manufacturing, Supply Chain, as well as
the Environment, Health and Safety (EHS) organization. She
will report to Douglas and will work with Crawford on an orderly
transition of his Manufacturing and EHS responsibilities.
"Under Barry's leadership, operating discipline in the company's
manufacturing network strengthened dramatically. He elevated
data-driven processes in supply chain management and oversaw FMC's
industry leading safety strategy. An executive of Barry's
caliber is critical in leading FMC's transformation—to adapt our
operating model in ways that are more appropriate for our future
success, and update how we are organized, where we operate and the
way we work," Douglas said. "Thaisa brings to her new role
more than 25 years of experience leading Procurement, Logistics and
major business process transformations at FMC and other leading
chemical companies. She is ideally suited to assume expanded
responsibilities for Manufacturing, Supply Chain and EHS."
Brian Angeli, vice president,
Corporate Strategy and Precision & Digital Agriculture, has
been elected executive vice president and Chief Marketing Officer
(CMO), effective May 1. He will oversee portfolio management,
new product launch strategies and strategic global partnerships,
and will retain responsibility for FMC's Precision Agriculture
organization. He will report to Douglas.
Diane Allemang, executive vice
president and CMO, has elected to retire from the company on
May 1 following nine years with FMC
and nearly 40 years in the crop protection industry. She
launched the company's first Global Strategic Marketing function
shortly after FMC transitioned to a focused agricultural sciences
company in 2017. Allemang also developed and grew FMC's
strategic partnerships with numerous leading crop protection
companies.
Dr. Seva Rostovtsev, vice
president and Chief Technology Officer (CTO), has been named
executive vice president and CTO of FMC by its Board of Directors.
His new title reflects Rostovtsev's extensive responsibilities
leading FMC's global R&D organization, and the critical role of
innovation and new technologies in the company's long-term
growth. Since assuming the CTO role in 2022, he has continued
to successfully optimize R&D's use of data to improve research
efficiency and effectiveness. Rostovtsev will continue to
report to Douglas.
"We are fortunate to have senior leaders in Brian and Seva on
our management team," Douglas said. "Brian successfully launched
FMC Ventures and our Precision Agriculture business, and has been
instrumental in leading every major M&A transaction at FMC
over the last decade, including the company's largest acquisition
of DuPont crop protection assets in 2017. Seva is an
exceptional leader of our R&D organization, where he and his
team oversee one of the most advanced pipelines of new innovations
in the agricultural industry.
"I want to thank Diane for her immense contributions to
FMC. She is a highly respected leader not only within our
company, but across the crop protection industry. Diane
brought data-driven analysis and rigor to our marketing strategies,
and under her guidance FMC successfully launched several new
branded diamide products, as well as multiple new products from the
company's latest technologies, including Isoflex™ active and
fluindapyr. She was the first female Board of Directors
chairperson for CropLife America and has mentored countless female
leaders throughout her career. We wish her a well-earned,
happy and healthy retirement," Douglas added.
About FMC
FMC Corporation is a global agricultural sciences company
dedicated to helping growers produce food,
feed, fiber and fuel for an expanding world population
while adapting to a changing environment. FMC's innovative
crop protection solutions – including biologicals, crop nutrition,
digital and precision agriculture – enable growers, crop advisers
and turf and pest management professionals to address their
toughest challenges economically while protecting the environment.
With approximately 6,600 employees at more than 100 sites
worldwide, FMC is committed to discovering new herbicide,
insecticide and fungicide active ingredients, product formulations
and pioneering technologies that are consistently better for the
planet. Visit fmc.com to learn more and follow us
on LinkedIn®.
Isoflex is a trademark of FMC Corporation or an affiliate.
Statement under the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995: FMC and its
representatives may from time to time make written or oral
statements that are "forward-looking" and provide other than
historical information, including statements contained in this
press release, in FMC's other filings with the SEC, and in
presentations, reports or letters to FMC stockholders.
In some cases, FMC has identified these forward-looking
statements by such words or phrases as "outlook", "will likely
result," "is confident that," "expect," "expects," "should,"
"could," "may," "will continue to," "believe," "believes,"
"anticipates," "predicts," "forecasts," "estimates," "projects,"
"potential," "intends" or similar expressions identifying
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including the negative of
those words or phrases. Such forward-looking statements are based
on our current views and assumptions regarding future events,
future business conditions and the outlook for the company based on
currently available information. The forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results to be materially different from any
results, levels of activity, performance or achievements expressed
or implied by any forward-looking statement. These statements are
qualified by reference to the risk factors included in Part I, Item
1A of our Annual Report on Form 10-K for the year ended
December 31, 2023 (the "2023 Form
10-K"), the section captioned "Forward-Looking Information" in Part
II of the 2023 Form 10-K and to similar risk factors and cautionary
statements in all other reports and forms filed with the Securities
and Exchange Commission ("SEC"). We wish to caution readers not to
place undue reliance on any such forward-looking statements, which
speak only as of the date made. Forward-looking statements
are qualified in their entirety by the above cautionary
statement.
We specifically decline to undertake any obligation, and
specifically disclaims any duty, to publicly update or revise any
forward-looking statements that have been made to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events, except as may be
required by law.
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SOURCE FMC Corporation