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Chemours Announces COO, CFO Promotions

Thursday, June 6, 2019

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Chemical solutions company Chemours (Wilmington, Delaware) recently announced the promotion of chief financial officer Mark Newman to the newly created role of chief operation officer.

As the company's first COO, Newman will be responsible for all three global businesses: Titanium Technologies, Fluoroproducts and Chemical Solutions.

Newman will continue to report to Mark Vergnano, president and CEO of Chemours.

Newman joined Chemours in 2014 prior to its spin-off from DuPont. He has held the position of senior vice president and CFO since 2015.


Chemical solutions company Chemours recently announced the promotion of chief financial officer Mark Newman to the newly created role of chief operation officer.

"Mark is a talented and trusted leader with a track record of consistently delivering results and driving change since our spin from DuPont in 2015," said Vergnano.

"His leadership during the execution of our five-point transformation plan was critical to our early success. Mark is uniquely qualified to help drive operational excellence and unlock the value embedded across our entire roster of industry-leading businesses. I look forward to continuing to work with Mark in his new role for many years to come."

Newman received his Bachelor of Applied Science degree in mechanical engineering from the University of Waterloo in Waterloo, Ontario, Canada, and earned his Master of Business Administration from the Richard Ivey Business School at the University of Western Ontario. He is the executive sponsor of the Chemours Black Employees Network and serves on the board of directors for Altria Group Inc.

To take Newman’s place, the company promoted vice president of business finance and treasurer Sameer Ralhan to senior vice president, chief financial officer and treasurer. He too will report to Vergnano.

Since joining Chemours in 2014 from Goldman Sachs & Co., Ralhan has held positions of increasing responsibility across strategy, finance and the treasury functions, according to the company.

He served as a key member of the executive team that led the company's five-point transformation plan and was directly responsible for leading portfolio transformation, divestiture efforts and financing activities.

Ralhan holds a Bachelor of Technology in chemical engineering from the Indian Institute of Technology, as well as master’s and doctorate degrees in chemical engineering from Rice University, and a Master of Business Administration from the University of Chicago, Graduate School of Business.

Both promotions are effective immediately.


Tagged categories: Asia Pacific; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Good Technical Practice; Latin America; North America; Personnel; Personnel changes; Z-Continents

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