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FMC Corporation Announces New CFO, Appointment Of New Business Group Presidents

Stocks in this article: FMC

PHILADELPHIA, Sept. 17, 2012 /PRNewswire/ -- FMC Corporation (NYSE:FMC) today announced several executive leadership changes.  Paul Graves, who was previously partner and managing director at Goldman Sachs Group, has been appointed executive vice president and chief financial officer, effective October 1, 2012.  He will succeed Kim Foster, FMC executive vice president and CFO, who will retire at the end of the year.  Mark Douglas has been appointed president of the Agricultural Products Group, succeeding Milton Steele, who will retire in early 2013; and Ed Flynn has been promoted to president of the Industrial Chemicals Group, succeeding Mark Douglas.  Graves, Douglas, and Flynn will report to Pierre Brondeau, FMC president, CEO and chairman. 

(Logo: http://photos.prnewswire.com/prnh/20111101/NE97440LOGO )

"Paul brings significant finance experience to FMC, and is an excellent addition to our executive team," said Brondeau.  "He is a dynamic, global leader who's worked in Europe, Asia, and the U.S., and brings to FMC tremendous experience in the chemicals and agriculture sectors, having served as the global head of those sectors in Goldman's Investment Banking Division."

Graves began his career in investment banking in 1997 in London, and joined Goldman Sachs' Investment Banking Division in 2000.  He moved to Goldman Sachs' Hong Kong office in 2010 where he was named co-head of Natural Resources for Asia (excluding Japan).  In addition, Graves was the global head of the Chemicals sector since 2005, and global head of the Agriculture sector.  He was promoted to managing director of Goldman Sachs in 2006 and partner in 2008.  Graves earned his bachelor of arts in Accounting and Finance from Nottingham Trent University in 1993, and qualified as a Chartered Accountant (ACA) with Ernst & Young.                              

Mark Douglas, president of the Industrial Chemicals Group, has been named president of the Agricultural Products Group, effective October 1, 2012.

"Mark brings nearly 25 years of chemical industry experience and leadership to our Agricultural Products Group," said Brondeau.  "He's a seasoned executive with exceptional global, commercial, and corporate experience.  Mark will take the reins of our highly successful agricultural business, and will work closely with the business's veteran leadership team to continue driving its unique growth strategy."

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