June 5 (Reuters) - Chemours ( CC ) named Shane Hostetter

as its CFO on Wednesday, weeks after the exit of predecessor

Jonathan Lock over an internal review showing senior management

manipulated certain incentive-related targets.

Shares of the chemicals company rose 1.3% to $23.41 in

morning trade.

Hostetter was earlier the CFO of Quaker Chemical ( KWR ), an

industrial process fluids firm. He takes over on July 1 from

interim finance chief Matt Abbott.

Earlier this year, the internal review resulted in the

company's top three executives, including Lock and CEO Mark

Newman, being placed on administrative leave. Chemours ( CC ) also

revised certain past financial results following the review.

"We believe the appointment of Shane Hostetter as new

permanent CFO ... puts the company in a more stable position,"

said Arun Viswanathan, analyst at RBC Capital Markets.

"In his prior roles, Mr. Hostetter was also able to

oversee significant growth, global ERP (enterprise resource

planning) implementation, price, cost-cutting, and

deleveraging."

Chemours ( CC ) revealed in a regulatory filing that Hostetter will

receive an annual base salary of $600,000 and a signing bonus of

$50,000.