Chemours GC Shelton retiring; Wellman promoted to SVPP, GC & Corp Sec

Chemours Co

David Shelton retiring end of 2023; from Oct 1, 2022 becomes Senior Counsel to CEO on legacy liability matters.
Kristine Wellman promoted to Senior Vice President, General Counsel and Corporate Secretary effective Oct 1, 2022.
Shelton receives $250K retention pay, $350K 2023 STI target, $400K non-compete payments, and ~$22K/month consulting from Jan 2024 through June 2025.
Shelton's role shift to focus on resolving legacy liabilities including DuPont-related MOU and remediation programs.

item 5.02 item 9.01

Executive movements

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

Appointed

Kristine Wellman

Senior Vice President, General Counsel and Corporate Secretary

CC · Chemours Co

Effective: 2022-10-01
Filed: August 22, 2022, 7:59 PM ET

Effective October 1, 2022, Kristine Wellman will become Senior Vice President, General Counsel and Corporate Secretary.

Role change

David C. Shelton

Senior Counsel to the CEO

CC · Chemours Co

Effective: 2022-10-01
Successor: Kristine Wellman
Filed: August 22, 2022, 7:59 PM ET

Mr. Shelton will become Senior Counsel to the CEO, focusing exclusively on leading and managing the resolution of the company’s legacy liabilities and related remediation programs, and act as a legal advisor reporting directly to the Company’s CEO, Mark Newman.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristine Wellman was appointed as Senior Vice President, General Counsel and Corporate Secretary at Chemours Co.

Action: appointed
Role: Senior Vice President, General Counsel and Corporate Secretary

Exact text from the filing

Effective October 1, 2022, Kristine Wellman will become Senior Vice President, General Counsel and Corporate Secretary.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David C. Shelton was appointed as Senior Counsel to the CEO at Chemours Co.

Action: appointed
Role: Senior Counsel to the CEO

Exact text from the filing

Mr. Shelton will become Senior Counsel to the CEO, focusing exclusively on leading and managing the resolution of the company’s legacy liabilities and related remediation programs, and act as a legal advisor reporting directly to the Company’s CEO, Mark Newman.

View on SEC.gov

Chemours Co filing history →

Source: SEC EDGAR

accession 0001564590-22-029883

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