The Chemours Company has announced a restructure of its fluoroproducts division.
It has been divided into two new reportable segments known Thermal & Specialized Solutions (TSS) and Advanced Performance Materials (APM) formerly Fluoropolymers.
The company said this change will enable an enhanced customer centred approach, management focus and decision-making, strengthened resource allocation, and increased transparency and accountability.
Each business will be empowered to maximize its full potential through continued investments in innovation and technology that builds on Chemours' unmatched expertise across both unique product portfolios, leading to strong long-term customer and shareholder value.
New leadership has been appointed to lead the TSS and APM segments and unlock the value in these businesses.
The former vice president of fluorochemicals, Alisha Bellezza, has been appointed president of TSS while the former vice president for fluoropolymers, Denise Dignam, has been appointed APM president.
Former president of fluoroproducts, Edwin (Ed) Sparks, has become president of titanium technologies following the retirement of Bryan Snell. He has retired after an impressive 42-year career in the chemical industry with DuPont and Chemours.
In addition to replacing Snell as president of titanium technologies, Sparks will also continue as president of the chemical solutions business, which he has led since 2018.
Chemours COO, Mark Newman, said the fluoroproducts business includes two highly customer-centred units that serve distinctly different customers with very specific needs.
He said the decision to divide these new segments will allow Chemours to capitalize on the unique market opportunities addressed by solutions from both units, while creating new growth opportunities for customers.