The Chemours Company has announced a series of leadership transitions effective 1 July, 2021.
Mark Newman, the company's current chief operating officer, will become president and CEO of Chemours, succeeding Mark Vergnano, who has been in the role since the company’s founding in 2015.
Vergnano will be retiring from the company and will assume the position of non-executive chair of the company's board of directors for the balance of 2021.
The current chair, Richard H. Brown, has announced his intention to retire after leading the board for the last six years.
With these changes, Dawn Farrell, who has served on the board since the company's founding, will become the company's lead independent director.
"I am honoured and excited by the opportunity to lead Chemours," Newman said.
“This exciting moment would not have been possible without the hard work of our people, the collaborative relationships that we have with our customers, and the leadership of Mark Vergnano.”
Newman first joined Chemours in 2014 and was instrumental in the launch of Chemours as a stand-alone, publicly traded company.
Prior to joining Chemours, Newman was senior vice president and COO if SunCoke Energy, where he oversaw strategy, business development, and information technology.
He also served in a number of senior operating and finance leadership roles in the United States and China, primarily with General Motors Corporation, where he began his career in 1986.