Chemours Names Tony Satterthwaite to Board of Directors

Rhea-AI Summary

Chemours (NYSE: CC) has appointed Livingston “Tony” Satterthwaite to its Board of Directors, effective June 12. Tony, currently a Senior VP at Cummins, brings over 35 years of leadership experience. He has held leadership roles at Cummins, including President of Power Generation and COO. Tony will retire from Cummins in September 2024. He also serves on the boards of IDEX , the National Association of Manufacturers, and the Cummins Foundation. Tony holds an MBA from Stanford and a civil engineering degree from Cornell. Chemours’ leadership expresses confidence in Tony’s expertise to drive business growth.

Positive

• Appointment of an experienced leader, Tony Satterthwaite, to the Board.
• Tony’s extensive background in leadership roles at Cummins.
• Tony’s experience in driving business growth and digital transformation.
• Tony’s retirement timeline from Cummins ensures dedicated focus on Chemours.
• Tony's current and past board memberships demonstrate governance experience.

Negative

• No immediate financial impact or revenue growth projections related to Tony’s appointment.
• Potential distraction due to Tony's current commitments until his retirement in September 2024.

WILMINGTON, Del.--(BUSINESS WIRE)-- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the appointment of Livingston “Tony” Satterthwaite to its Board of Directors, effective June 12.

Tony Satterthwaite named to Chemours’ Board of Directors (Photo: Business Wire)

“I’m pleased to welcome Tony as the newest member of Chemours’ Board of Directors,” said Dawn Farrell, Chair of the Board of Chemours. “Tony brings extensive leadership and board experience and has a proven track record of driving business growth, making him a great addition to our already seasoned Board.”

Tony currently serves as Senior Vice President at Cummins, Inc. (NYSE: CMI), a global power leader in manufacturing diesel and natural gas engines and engine-related component products, where he leads the Information Technology and Digital Corporate teams. Over his 36-year tenure at Cummins, Tony has held numerous leadership positions across the company's global businesses and operations, including serving as President of Power Generation, President of the Distribution Business, President and Chief Operating Officer, and others. Tony will retire from Cummins in September 2024.

“With over 35 years of leadership experience and a distinguished career, Tony brings a wealth of knowledge to the Chemours Board,” said Denise Dignam, President and Chief Executive Officer of Chemours. “I look forward to working collaboratively with Tony and am confident his expertise and insights will be valuable to the Board.”

Tony also currently serves on the Board of Directors for IDEX Corporation (NYSE: IEX), the National Association of Manufacturers, and the Cummins Foundation. He is also an Industrial Advisory Council Member for Amprius, Inc. Tony holds an MBA from Stanford University and an undergraduate degree in civil engineering from Cornell University.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise, and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products are sold under prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The Company has approximately 6,200 employees and 28 manufacturing sites, and serves approximately 2,700 customers in approximately 110 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on X (formerly Twitter) @Chemours or on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613653963/en/

INVESTORS

Brandon Ontjes

Vice President, Investor Relations

+1.302.773.3300

investor@chemours.com



Kurt Bonner,

Manager, Investor Relations

+1.302.773.0026

investor@chemours.com



NEWS MEDIA

Cassie Olszewski

Corporate Media & Brand Reputation Leader

+1.302.219.7140

media@chemours.com

Source: The Chemours Company

FAQ

Who is the new member of Chemours' Board of Directors?

Livingston 'Tony' Satterthwaite is the new member of Chemours' Board of Directors.

When will Tony Satterthwaite join Chemours' Board of Directors?

Tony Satterthwaite will join Chemours' Board of Directors on June 12.

What is Tony Satterthwaite's current position?

Tony Satterthwaite is currently a Senior Vice President at Cummins.

What companies has Tony Satterthwaite been associated with?

Tony Satterthwaite has been associated with Cummins, IDEX , and the National Association of Manufacturers.

What is the stock symbol for Chemours?

The stock symbol for Chemours is CC.

What are Tony Satterthwaite's educational qualifications?

Tony Satterthwaite holds an MBA from Stanford and an undergraduate degree in civil engineering from Cornell.

When is Tony Satterthwaite retiring from Cummins?

Tony Satterthwaite is retiring from Cummins in September 2024.