The Chemours Company Announces its Board of Directors Post Spinoff

WILMINGTON, Del., May 18, 2015 /PRNewswire/ -- The Chemours Company ("Chemours"), a wholly owned subsidiary of E. I. du Pont de Nemours and Company ("DuPont"), announced today that eight individuals have been selected to serve on the company's board of directors following its spinoff from DuPont which is expected to occur on July 1, 2015, subject to customary closing conditions.

The new board members will be Richard Brown, chair of the board, as well as Curtis Anastasio, Bradley Bell, Mary Cranston, Curtis Crawford, Dawn Farrell, Stephen Newlin, and Mark Vergnano.

"I am extremely pleased with the formation of the Chemours Board of Directors," said Mark Vergnano, executive vice president, DuPont and CEO designate of Chemours. "Our Board brings together the full range of experience and technical knowledge required to oversee Chemours, drawing on  a wealth of experience in the chemical industry, finance, operations, innovation and risk management combined with solid business judgment. I am confident that together we will chart a path of growth and success as the new Chemours company."

Chemours Board of DirectorsCurtis V. Anastasio (58) currently serves as executive chair of GasLog Partners LP, a global owner, operator, and manager of liquefied natural gas carriers and as vice chair of Par Petroleum Corporation, a diversified energy company. Formerly, he served as president, chief executive officer and executive director of NuStar Energy, L.P. (formerly Valero L.P.) and as president, chief executive officer and executive director of NuStar GP Holdings, LLC (formerly Valero GP Holdings, LLC). Anastasio serves as chair of the United Way of San Antonio and Bexar County and the Boy Scouts of America Alamo Area Council and also serves on the board of the Federal Reserve Bank of Dallas.

Bradley J. Bell (62) currently serves as non-executive chair of the board of directors of Momentive Performance Materials Holdings Inc., a global manufacturer of silicones, quartz, and ceramics. Bell also serves on the board of directors of Compass Minerals International, Inc., a leading producer of salt and specialty nutrients. He formerly served as executive vice president and chief financial officer of Nalco Holding Company, a global leader in water treatment and process chemical services, and as senior vice president and chief financial officer of Rohm and Haas Company.

Richard H. Brown (67) currently serves as chair of Browz, LLC, a global leader of contractor pre-qualification and compliance solutions. Formerly, he served as chair and chief executive officer of Electronic Data Systems (EDS) and as chief executive officer of Cable & Wireless PLC, H&R Block Inc. and Illinois Bell Telephone Company. He is a trustee emeritus of the Ohio University Foundation. Brown previously served on the board of E. I. du Pont de Nemours and Company from 2001-2015 and formerly served as a member of the Business Roundtable, the President's Advisory Committee on Trade and Policy Negotiations, the U.S.-Japan Business Council, the French-American Business Council, and the President's National Security Telecommunications Advisory Committee.

Mary B. Cranston (67) is a retired senior partner and chair emeritus of Pillsbury Winthrop Shaw Pittman, LLC, an international law firm. Prior to her retirement in 2012, Cranston served as chair, chief executive officer and senior partner of Pillsbury. She currently serves on the boards of Visa, Inc. and Juniper Networks, Inc.

Curtis J. Crawford (67) currently serves as president and chief executive officer of XCEO, Inc., a consulting firm specializing in leadership and corporate governance. Prior to founding XCEO Inc., he served as president and chief executive officer of Onix Microsystems and Zilog Inc. Crawford currently serves on the boards of Xylem Inc. and ON Semiconductor. He previously served on the boards of E. I. du Pont de Nemours and Company, ITT Corp., Agilysys, Lyondell Petrochemical, The Sisters of Mercy Health Corporation and DePaul University. In 2011, he was awarded the B. Kenneth West Lifetime Achievement Award from the National Association of Corporate Directors (NACD) for his contribution to corporate governance and for having made a meaningful impact in the boardroom.

Dawn L. Farrell (55) currently serves as president and chief executive officer of TransAlta Corporation, an electricity power generator and wholesale marketing company. Prior to becoming president and chief executive officer, Farrell held a variety of increasingly responsible leadership positions, including chief operating officer and executive vice president of Commercial Operations and Development. She previously served as the executive vice president of Generation for BC Hydro. Farrell serves on the board of TransAlta Corporation and the Canadian Council of Chief Executives.

Stephen D. Newlin (62) currently serves as executive chair of PolyOne Corporation, a global provider of specialized polymer materials, services and solutions. Formerly, he served as the chair, president and chief executive officer of PolyOne. Prior to joining PolyOne, Newlin served as president, Industrial Sector of Ecolab Inc. and as vice chair, president and chief operating officer of Nalco Chemical Company. He currently serves as a director of PolyOne Corporation, Univar Corporation and Oshkosh Corporation.

Mark P. Vergnano (57) will serve as president, chief executive officer and director of Chemours. He is currently executive vice president of DuPont and has had several leadership positions throughout the company including the areas of manufacturing, technology, marketing, sales and business strategy. Vergnano serves on the board of directors of Johnson Controls, Inc. and the U.S. National Safety Council.

About The Chemours CompanyA wholly-owned subsidiary of DuPont, The Chemours Company is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing. Our flagship products include prominent brands such as Teflon®, Ti-Pure®, Krytox®, Viton®, Opteon® and Nafion®. Chemours has approximately 9,000 employees across 37 manufacturing sites serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Del. 

About DuPontDuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment.

Forward-Looking Statements: This document contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the timing of the Separation, are forward looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties.  One important factor that could cause actual results to differ materially from those projected in any such forward looking statements risks that the conditions to the Separation are not satisfied. Neither DuPont nor Chemours undertakes any duty to update such forward-looking statements as a result of future developments or new information.

The DuPont Oval Logo, DuPont™, Teflon®, Ti-Pure®, Krytox®, Viton®, Opteon® and Nafion® are registered trademarks or trademarks of DuPont or its affiliates.

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SOURCE DuPont