March 22 (Reuters) - Chemours ( CC ) said on Friday it
had appointed chemical industry veteran Denise Dignam as CEO
effective immediately, a month after she took over the role on
an interim basis.
The chemical maker placed its top three executives,
including CEO Mark Newman, on administrative in February and
said it was looking into potential "material weaknesses" in its
financial reporting.
CFO Jonathan Lock and Principal Accounting Officer Camela
Wisel were also placed on leave.
Earlier this month, the internal review showed manipulation
by its senior executives to meet free cash flow targets tied to
their incentives.
The internal review had prompted the company to delay the
reporting of its fourth-quarter and full-year 2023 results.
Chemours ( CC ) is yet to provide a date for the official release.
It said on Friday interim CFO Matthew Abbott will continue
in his role while the company starts the search for a permanent
CFO.
Dignam joined Chemours ( CC ) in 2015 and has more than 35 years of
experience in the chemical industry.
Prior to becoming the interim CEO, she was president of the
Titanium Technologies (TT) unit and the Advanced Performance
Materials (APM) segment - businesses that represented over 68%
of Chemours' ( CC ) net sales in 2023.