FMC appoints Pierre Brondeau as CEO; Mark Douglas steps down, guidance reaffirmed

FMC CORP

Pierre Brondeau appointed CEO and Chairman, effective June 11, 2024; succeeds Mark Douglas who resigned as President and CEO.
Ronaldo Pereira appointed President, effective immediately; previously EVP and President of Americas.
Brondeau receives $1.3M base salary, 135% target bonus, and $8.5M sign-on equity award (50% RSUs, 50% options) vesting June 2026.
Douglas eligible for severance: 2x base salary and target bonus, prorated 2024 bonus, plus continued equity vesting through Sept 1, 2024.
Company reaffirms Q2 2024 revenue and earnings guidance ranges.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Mark A. Douglas

President and Chief Executive Officer

FMC · FMC CORP

Effective: 2024-06-11
Successor: Pierre R. Brondeau
Filed: June 11, 2024, 7:59 PM ET

He succeeds Mark A. Douglas, who has stepped down from his roles as President and Chief Executive Officer and resigned as a member of the Board.

Role change

Pierre R. Brondeau

Chief Executive Officer and Chairman

FMC · FMC CORP

Effective: 2024-06-11
Successor: Mark A. Douglas
Filed: June 11, 2024, 7:59 PM ET

The Board of Directors (the “Board”) of FMC Corporation (the “Company”) has appointed Pierre R. Brondeau as Chief Executive Officer in addition to his role as Chairman of the Board.

Role change

Ronaldo Pereira

President

FMC · FMC CORP

Effective: 2024-06-11
Successor: Mark A. Douglas
Filed: June 11, 2024, 7:59 PM ET

In addition, the Board has appointed Ronaldo Pereira to the role of President of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark A. Douglas resigned as President and Chief Executive Officer at FMC CORP.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

He succeeds Mark A. Douglas, who has stepped down from his roles as President and Chief Executive Officer and resigned as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Pierre R. Brondeau was appointed as Chief Executive Officer and Chairman at FMC CORP.

Action: appointed
Role: Chief Executive Officer and Chairman

Exact text from the filing

The Board of Directors (the “Board”) of FMC Corporation (the “Company”) has appointed Pierre R. Brondeau as Chief Executive Officer in addition to his role as Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronaldo Pereira was appointed as President at FMC CORP.

Action: appointed
Role: President

Exact text from the filing

In addition, the Board has appointed Ronaldo Pereira to the role of President of the Company.

View on SEC.gov

FMC CORP filing history →

Source: SEC EDGAR

accession 0000037785-24-000070

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