FMC Corp. on March 9 named executives that will lead its lithium business spinoff, which is due in the second half.
FMC CFO Paul Graves was appointed the new company's CEO, while FMC President, CEO and Chairman Pierre Brondeau will serve as the new company's chairman. Gilberto Antoniazzi, CFO for FMC Agricultural Solutions, become CFO at the lithium spinoff, and Tom Schneberger, vice president and global business director of FMC Lithium, will be the COO.
FMC Vice President and Treasurer Andrew Sandifer was appointed FMC's new CFO to replace Graves. The appointments are effective May 15.
FMC recently unveiled a US$500 million IPO for about 15% of its lithium business and said preparations for the IPO are "progressing very well."
