FMC appoints Paul Graves, former Goldman Sachs MD as new CFO

FMC appoints Paul Graves, former Goldman Sachs MD as new CFO

4:55 AM, 18th September 2012
FMC appoints Paul Graves, former Goldman Sachs MD as new CFO
Pierre Brondeau, President, CEO and Chairman, FMC Corporation.

PHILADELPHIA, US: FMC Corporation has made executive leadership changes, appointing Paul Graves (previously Partner and Managing Director at Goldman Sachs), as 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, President, CEO and Chairman, FMC.

Graves joined Goldman Sachs’ Investment Banking Division in 2000. He was the Global Head of the Chemicals sector since 2005 and Global Head of the Agriculture sector. “Paul brings significant finance experience to FMC and is an excellent addition to our executive team,” said Brondeau.

Mark Douglas, President of the Industrial Chemicals Group, has been named President of the Agricultural Products Group, effective October 1, 2012. 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. Flynn was promoted to Division Manager for Alkali Chemicals in 2002, where he has been a champion of the business’s successful low-cost model.

Additionally, 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.

© WOC News

 

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