Executive vice president Mark P Vergnano will serve as CEO of the new, independent $7bn Performance Chemicals company, of which Chemicals & Fluoroproducts is a part, after its separation from DuPont. The separation is expected to be completed in the second quarter 2015 when it will operate as an independent, publicly traded company.
Mark Vergnano is currently executive vice president of DuPont and his responsibilities include oversight of the Performance Chemicals segment since 2009. He is also a member of the board of directors of Johnson Controls.
Thierry Vanlancker (right) has served DuPont for 26 years in a wide range of business and sales leadership assignments since joining the company in 1988 in Belgium.
DuPont announced its intention to separate its Performance Chemicals segment in October in an attempt to protect it from the volatile titanium dioxide market, the other part of the Performance Chemicals business.