MOSCOW (MRC) -- The Chemours Company (Wilmington, Del.) has announced that Sameer Ralhan, CFO, will resign effective June 19. Jonathan Lock, current senior vice present and chief development officer, has been appointed to the CFO role, effective June 6, said the company.
The company says Ralhan will work with Lock to ensure a “seamless leadership transition.” The company also announced that Matt Abbott, current vice president, digital and data analytics, has been promoted to senior vice president, chief enterprise transformation officer, which has responsibilities for information technology, cyber security, digital and data analytics and procurement.
Lock joined Chemours in 2018 as vice president of corporate development and investor relations; he was promoted to an officer role in 2021 and has helped lead the recent fuel cell joint venture with BWT/FumaTech and the divestiture of Chemours’ glycolic acid business. With Lock taking over the CFO responsibilities Kristine Wellman, senior vice president, general counsel and corporate secretary, will be responsible for the company’s sustainability efforts.
Abbott joined Chemours in 2017 and has held various roles across audit and controllership. Prior to serving as vice president, digital and data analytics, he served as chief audit executive and chief accounting officer and controller. Abbott has over 25 years of experience in the chemical industry.
Chemours president and CEO Mark Newman thanked Ralhan for his impact on the company: “[Ralhan] has … made significant contributions to the company’s success through his transformation of the finance function into a source of strategic insight and analysis. We wish him all the best in his future endeavors.”
This is third resignation within Chemours’ top executives in the last few months. Alisha Bellezza, president, thermal & specialized solutions, and Edwin Sparks, president, titanium technologies and chemical solutions business, resigned on May 31 and March 31, respectively.
We remind, Chemours Company, DuPont de Nemours, Inc. and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population.