FMC Corporation Announces Election of John Davidson to Board of Directors

Rhea-AI Summary

FMC Corporation has elected John Davidson to its Board of Directors as of July 13, 2020. Davidson, a finance leader with extensive global experience, will serve on the Audit and Sustainability Committees. He previously held senior roles at Tyco International, Eastman Kodak, and Dell Computer. His background includes governance and financial reporting expertise. CEO Mark Douglas expressed optimism about Davidson's contribution to FMC's growth strategy, emphasizing a focus on enhancing shareholder value.

Positive

• John Davidson brings extensive financial experience to the Board.
• His background in governance and compliance could enhance operational oversight.
• Expectations for improved risk management and financial reporting.

Negative

• Potential concerns regarding continuity or experience gaps as Davidson adapts to the new role.

PHILADELPHIA, July 13, 2020 /PRNewswire/ --

FMC Corporation (NYSE: FMC) announced the election of Carol Anthony ("John") Davidson to the company's Board of Directors, effective July 13, 2020.  He will serve as a member of the Board's Audit and Sustainability Committees.

Davidson brings to the FMC Board his extensive experience as a finance leader in global corporations across multiple industries.  He has a strong track record of building and leading global teams and implementing governance and controls processes.  He previously served as senior vice president, controller and chief accounting officer of Tyco International from 2004 to 2012 where he led financial reporting, internal controls and accounting policies and processes.  Prior to Tyco, Davidson held senior global leadership positions in finance and related disciplines at Eastman Kodak Company and Dell Computer Corporation.  He is a Certified Public Accountant and began his career at Arthur Andersen & Co.

"We are honored to welcome John to the FMC Board of Directors," said Mark Douglas, president and chief executive officer of FMC.  "He brings extensive financial experience and broad capabilities in several critical areas, including risk, compliance, audit and accounting.  The Board looks forward to his engagement and contributions."

Davidson currently serves on the board of directors of TE Connectivity and Legg Mason.  He previously was a director at Allergan, Plc., DaVita, Inc., and Pentair, Plc., and served on the board of governors of the Financial Industry Regulatory Authority, which regulates and oversees the U.S. financial industry in the interest of investor protection and market integrity.  He was also a trustee of the Financial Accounting Foundation, an organization that oversees the processes for setting financial accounting and reporting standards in the U.S.  

"I am pleased to join the FMC Corporation board at this important time," said Davidson.  "It has been exciting to see the transformation of this company over the last several years into a fast-growing agricultural sciences leader.  I look forward to working with the CEO, Mark Douglas, the directors and the management team in executing the company's growth strategy and continuing to build long-term shareholder value."

About FMC

FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr^® and Cyazypyr^® active ingredients; Authority^®, Boral^®, Centium^®, Command^® and Gamit^® branded herbicides; Talstar^® and Hero^® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo^® and Presence^® bionematicides. FMC Corporation employs approximately 6,400 employees around the globe. To learn more, please visit www.fmc.com.

FMC, the FMC logo, Rynaxypyr, Cyazypyr, Authority, Boral, Centium, Command, Gamit, Talstar, Hero, Quartzo and Presence are trademarks of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. Hero® insecticide is a restricted use pesticide in the United States.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:  This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2019 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

 

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SOURCE FMC Corporation

FAQ

Who is John Davidson in FMC Corporation?

John Davidson is a newly elected member of FMC Corporation's Board of Directors, effective July 13, 2020.

What committees will John Davidson serve on at FMC?

John Davidson will serve on the Board's Audit and Sustainability Committees.

What experience does John Davidson bring to FMC?

Davidson has extensive experience as a finance leader across global corporations, including roles at Tyco International, Eastman Kodak, and Dell.

What is the significance of John's election for FMC Corporation?

His election is expected to enhance governance, risk management, and support FMC's growth strategy.