FMC Appoints Leaders For New Lithium Materials Company
Zacks Investment Research | Mar 11, 2018 09:00PM ET
FMC Corporation’s (NYSE:FMC) executive vice president and CFO, Paul Graves, has been appointed the CEO of its earlier announced new, publicly traded lithium materials company, which will be created by separating the company’s lithium business through an IPO in the second half of 2018.
The CFO of FMC Agricultural Solutions, Gilberto Antoniazzi, has been appointed the CFO of the new company. Pierre Brondeau will continue to lead as FMC Corp.’s President, Chairman and CEO. He will also serve as the chairman of the board for the new lithium materials company.
The vice president and global business director of FMC Lithium, Tom Schneberger, will be the COO, while FMC Corp.’s vice president and treasurer, Andrew Sandifer, has been appointed as the treasurer and CFO of the new company.
Per the company, the preparations for separating its lithium business are progressing well and it is vital to have a strong executive team in place well in advance of the IPO. All the above-mentioned appointments will be effective May 15.
Shares of FMC Corp. have declined 7.9% in the past three months, underperforming the Zacks Investment Research
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