FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas

RTTNews | 5 days ago
FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas

(RTTNews) - Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.

In addition, the Board of Directors has appointed Ronaldo Pereira as president of FMC Corp. Brondeau and Pereira assume their new roles effective immediately. Douglas will serve as an executive advisor to the senior management team through September 1.

Brondeau was chairman and CEO of FMC from 2010 until his retirement in June 2020, and has continued to serve as chairman of the board during the last four years. He also served as president from January 2010 until May 2018; and executive chairman from June 2020 to April 2021.

Before joining FMC in January 2010, Brondeau served as president and CEO, Dow Advanced Materials Division, until his retirement in September 2009.

Prior to Dow's acquisition of Rohm and Haas in April 2009, Brondeau was president and chief operating officer of Rohm and Haas from May 2008. He held numerous executive positions during his tenure at Rohm and Haas from 1989 through May 2008 in Europe and the United States.

Meanwhile, Pereira has been with FMC for nearly 28 years, most recently serving as executive vice president and president of the Americas region. As FMC president, Pereira will have expanded responsibilities, including executive oversight for all commercial, sales and marketing globally, as well as overseeing the Sustainability, External Affairs, Regulatory and Marketing functions. He will also retain oversight of the Plant Health business.

The company also said it is reaffirming second quarter 2024 revenue and earnings guidance ranges. The company also said it is reaffirming second quarter 2024 revenue and earnings guidance ranges. The company expects earnings in a range $0.43 to $0.72 per share on revenues between $1.0 billion and $1.15 billion.

read more
FMC Guides FY24 Revenues In Line With Estimates

FMC Guides FY24 Revenues In Line With Estimates

Ahead of its Investor Day later on Thursday, agricultural sciences company FMC Corp. (FMC) initiated preliminary revenue guidance for the full-year 2024 in a range of $4.65 billion to $4.85 billion. It also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2024.
RTTNews | 213 days ago
FMC Slashes Q3 Outlook; Stock Plunges 13%

FMC Slashes Q3 Outlook; Stock Plunges 13%

Agricultural sciences company FMC Corp. (FMC) on Monday slashed its earnings and revenue expectations for the third quarter and revenue forecast for the full-year 2023, mainly driven by substantially lower sales volumes in Latin America, particularly destocking in Brazil and to a lesser degree drought in Argentina.
RTTNews | 237 days ago
FMC Slashes Q2, FY23 Revenue Outlook

FMC Slashes Q2, FY23 Revenue Outlook

Agricultural sciences company FMC Corp. (FMC) on Monday slashed its revenue guidance for the second quarter and full-year 2023, driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners in North America, Latin America and EMEA.
RTTNews | 342 days ago
Dollar Rises To Near 7-year High

Dollar Rises To Near 7-year High

The U.S. dollar rose to a near 7-week high on Friday with traders betting on just one interest rate cut by the Federal Reserve this year.
RTTNews | 2 days ago
Swiss Market Ends Weak For 2nd Straight Day

Swiss Market Ends Weak For 2nd Straight Day

The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.
RTTNews | 2 days ago