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

Stocks in this article: FMC

Douglas joined FMC in 2010 as vice president of Global Services and International Development.  Prior to FMC, he held a variety of commercial, research, regional, and global roles in the chemical industry, including leadership positions at Rohm and Haas Company and The Dow Chemical Company.  In addition to leading FMC Agricultural Products Group, Douglas will retain executive oversight for the Latin America Region and the Procurement organization.

Ed Flynn, manager for the Alkali Chemicals Division, will succeed Mark Douglas as president of the Industrial Chemicals Group, effective October 1, 2012.

"Ed is a 31-year FMC veteran who is uniquely qualified to lead our Industrial Chemicals Group," said Brondeau.  "During the last decade, he has been responsible for FMC's highly efficient soda ash business, including the world's largest natural soda ash production facility.  He's a respected industry executive, and we're pleased to have the caliber of leadership I know Ed will bring to this important role."

Flynn has held a variety of engineering, manufacturing, functional, and business roles of increasing responsibility at several FMC locations during his career.  He was promoted to division manager for Alkali Chemicals in 2002, where he has been a champion of the business's successful low-cost model.

In addition to these executive changes, the company announced that Michael Wilson, president of the Specialty Chemicals Group, will add to his business responsibilities executive oversight for the company's Asia Pacific and Central and Eastern Europe and Turkey regions. Wilson will retain executive responsibility for Sustainability.

Brondeau praised the significant and lasting contributions of Foster and Steele, who joined FMC in 1978 and 1977, respectively.  "Kim and Milton have been exceptional leaders throughout their FMC careers.  Kim has been the company's steady hand in sound fiscal management since he was named CFO in 2001.  His business savvy and financial acumen have delivered more than 20 percent total shareholder return and 16 percent compounded annual growth in earnings per share since 2001, among the best in the chemical industry," Brondeau said.

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