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Chemours Just Scrapes Surface as President Quits

The Chemours Company (NYSE: CC) saw its shares just ahead of breakeven Thursday, as the global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the resignation of Alisha Bellezza, President, Thermal & Specialized Solutions (TSS), effective May 31. Chemours will run a comprehensive search for Bellezza’s replacement.

On June 1, stepping in as interim leader is Joseph (Joe) Martinko, Senior Business Director, Americas for TSS. Martinko has over 30 years of experience in the chemical industry, more than 20 years of which were with Chemours TSS and Fluoroproducts businesses. His experience spans both global and regional leadership roles in which he delivered record-setting financial performance.

“Joe’s deep knowledge of our thermal management products portfolio, market, and customers is truly unmatched,” said CEO Mark Newman. “Combine that with his strong commercial experience and proven track record and I have every confidence he and the TSS team will continue building upon the strong first quarter results, ensuring clarity, consistency, and continued growth throughout this transition period.”

Chemours boasts a status as a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations.

CC shares picked up four cents to $28.67.