Connect with:
Friday / July 5. 2024
HomePosts Tagged "Executive Vice President"

He will have executive oversight of the Company’s Finance function and will play a critical role in shaping Nouryon’s financial strategy

Nouryon, a global speciality chemicals leader, announced the appointment of Sean Lannon as the Company’s Executive Vice President and Chief Financial Officer, effective March 11, 2024. He will have executive oversight of the Company’s Finance function and will play a critical role in shaping Nouryon’s financial strategy in support of its commitment to delivering innovative and sustainable solutions to customers.

“Sean’s extensive experience in finance and leadership as well as his background working for both public and private companies will be invaluable to Nouryon as we continue to grow and evolve,” said Charlie Shaver, Nouryon’s Chairman and CEO. “I had the pleasure of working with Sean in the past and I am pleased to welcome him to our leadership team and look forward to his contributions.”

Lannon has an established track record of driving financial and operational excellence. He joins Nouryon from Copeland, a leader in HVAC and refrigeration, where he served as CFO. Before Copeland, he held several senior positions in Finance at Axalta Coating Systems, including five years as Senior Vice President and Chief Financial Officer. Before his tenure at Axalta, he served in various senior finance roles at Styron LLC (Trinseo), Endo Pharmaceuticals, and PricewaterhouseCoopers. Lannon is a Certified Public Accountant in Pennsylvania and holds a B.S. in Accounting from Philadelphia University, where he graduated summa cum laude.

He will have executive oversight of the

This agreement is for annual supplies of up to 0.65 million tonnes over a period of 15 years, beginning 2026. 

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial chemicals and fertilisers, and Equinor, an international energy company headquartered in Norway, have entered into a long-term supply agreement for Liquefied Natural Gas (LNG).

With this tie-up, DFPCL strengthens its value chain with an attractive long-term LNG contract to solidify its value chain from Gas to Ammonia to various downstream Fertilisers, Industrial Chemicals and Mining Chemicals. This end-to-end tie-up shall establish a strong long-term foundation for all of DFPCL’s product segments.

Equinor, erstwhile Statoil, is amongst the established leaders in the oil & gas sector over the last 50 years, with a market cap of USD 75 Billion wherein majority shares are owned by the Norwegian Government.

The agreement signed by Irene Rummelhoff, Executive Vice President, Equinor and Sailesh C. Mehta, Chairman & Managing Director, DFPCL, is one of the largest contracts signed by Equinor with a private sector company in India.

This agreement is for annual supplies of up to 0.65 million tonnes over a period of 15 years, beginning 2026.  The tie-up provides room for trading some LNG parcels in the growing LNG demands in India as well as accommodating DFPCL’s growing captive needs. The LNG will be delivered to the west coast of India. DFPCL is at an advanced stage of tying up the Re-gasification Terminal with the Gas pipeline grid connectivity to its plant’s doorstep already in place.

The LNG agreement also encourages the companies to further collaborate on petrochemicals feedstocks and strategic decarbonization pathways in the future.

“We are very happy to enter into this long-term agreement with Equinor for supply of LNG. This will put on a solid footing Deepak Fertilisers value-chain right from Gas to Ammonia to building block Nitric Acids to downstream Fertilisers, Mining Chemicals and Industrial Chemicals, helping it to absorb Global volatility as well as enhance overall margins.  We also look forward to exploring with Equinor, strategic tie-ups in our Chemical Business, as well as carbon footprint reduction initiatives.” said Sailesh C. Mehta, Chairman & Managing Director, DFPCL.

“I am happy that we have entered into this agreement with Deepak, and it is an example of how we use our position in the Atlantic basin to strengthen our relationship with key players in the growing Indian market. Ammonia is a key building block for the society, being crucial for agriculture and food security. Deepak’s new ammonia plant will provide new, domestic fertiliser supply to India and we are proud to provide its feedstock in the form of natural gas. We look forward to further developing our relationship with Deepak on feedstocks and low carbon initiatives in the future”, says Equinor’s Senior vice president for Gas & Power Helge Haugane.

This agreement is for annual supplies of

Tim Glenn, Executive Vice President, Seed Business Unit, Corteva Agriscience

Corteva Agriscience is a global pure-play agriculture company that excels in industry-leading innovation, high-touch customer engagement, and operational execution to provide profitable solutions for the world’s most pressing agriculture challenges. With a unique distribution strategy, and a balanced mix of seed, crop protection, and digital products and services, Corteva generates advantaged market preference on a global scale. Recently, Corteva Agriscience commemorated the 50-year legacy of Pioneer Seeds in Hyderabad. To mark this milestone, Tim Glenn, Executive Vice President of the Seed Business Unit at Corteva Agriscience, graced the event and sat down with AgroSpectrum for an exclusive interview. In this discussion, he shared his insights into the latest trends and technologies in the seed industry, shedding light on their vision to establish India as an innovative seed hub. Edited excerpts;

How do you foresee the future of the seed industry in the APAC region?

In India, the seed market is very dynamic. We are focusing on four crops- rice, mustard, millet and corn, while continuing to be one of the nation’s leading suppliers. These hybrid seeds have great opportunities and have shown tremendous growth. The growth in agriculture is primarily driven by farmers, as they continuously strive to enhance productivity and meet the demands of growing population. In India, we have been operating in the seeds segment, with our global seed brand – Pioneer, for the last 50 years. Our contributions to innovating and introducing hybrid mustard have been significant. As a result, hybridization and the adoption of hybrid technology in these crops have experienced substantial growth. In India, we have 5 R&D facilities, serving 10 million farmers and  150 million hectares of farmland in India. Our Multi-Crop Research Center (MCRC) in Telangana serves as the technology hub for Corteva, not only in India but also for the entire Asia-Pacific region.

What are the strategies and plans of the company to expand the seed treatment segment in the Asian market?

In the last 10 to 20 years, there has been a tremendous amount of development and focus in the seed space. The seed treatments, which has become more technically oriented, penetrating crops that otherwise maybe have not had as much exposure. Today we use seed treatments, essentially in all markets where we do business. The interesting thing about seed treatment is obviously the seed applied technology, which is of two parts. Firstly, the treatment must deliver tangible benefits, such as pest or disease management or other desirable traits. Secondly, it should be compatible with the seed it is applied to. Both factors play a vital role in the effectiveness and success of seed treatment methods.

The environment in Asia, due to the climate, ensures a high level of compatibility. To develop the value proposition, we work directly with farmers, understanding their needs. The benefit proposition about seed treatment is that you can use the same product in different countries. In India we are investing in farmer education programs, bridging the knowledge gap and promoting understanding of seed technology. We actively engage with farming communities, offering training, demonstrations, and technical support to empower farmers in making informed decisions about adopting seed technology. Corteva’s success in India is a result of the strength of our seed technology and dedication to farmers. Through our sustainable seed portfolio, we aim to make India a global hub for seed innovation. With increased R& D investments, we continue to introduce agricultural innovations that will continue to progress farmers productivity and sustainability.

 What are the latest seed technologies by Corteva and what will be the strategies of the company to introduce them to the APAC and US market?

The year 2023 marks a milestone year for Corteva, as we have taken lead in becoming the number one in soybean herbicide resistant technology in North America, where we have been for over 25 years. Recently we have introduced three other seed technologies in different markets. These include Optimum GLY in canola, a new herbicide technology in Canada, the US and Australia this year. Also introduced Vorceed Enlist corn in North America, offering above ground and below ground next generation insect control in maize.

In the future, as we get more clarity on the regulatory environment for whether it has for GM (Genetically Modified) crops or for gene editing, the door opens for more applications there. We are optimistic and feel positive about the Indian regulators and in leaders have indicated openness to new technologies in seed, we think that will be healthy for continued development of agriculture in India and continue to improve the competitiveness of Indian agriculture on a world scale and help meet the long-term goals, both for sustainability but also for self-sufficiency. We are going to continue to invest in India, we will continue to work with policy makers and help any way we can to help ensure that there is a good process in place so that those new technologies can be ultimately brought to the market and put in the hands of Indian growers. We have enabled millions of farmers to maximize productivity and profitability by infusing technology into agriculture. From the adoption of hybrid seeds, to empowering the use of sustainable solutions in communities, we have been at the forefront of supporting resilience through proven science.

In 2022, Corteva has announced insecticide for coating paddy seeds as a complete Seed Treatment Technology (SAT) package. What are the plans of the company to introduce this product in the Indian market?

We have introduced it in a handful of markets in Asia today. In India, obviously it is a new technology. It is about collaboration and working through the regulatory process. And then taking the time to go through the field evaluation and fine tune how we were able to position the technology to growers that were optimistic about the technology. It has been introduced in rice and other markets in Asia and other countries as well. It has proven to be effective. I think it is about how we just got to go through the process here. And again, it is about going and working with farmers side by side and helping demonstrate what that value is once we have that opportunity.

To read more click on: https://agrospectrumindia.com/e-magazine

Tim Glenn, Executive Vice President, Seed Business

Pioneer has been developing and characterizing hybrid seeds in key crops including corn, rice, millet, and mustard, while continuing to be one of the country’s leading suppliers

Corteva Agriscience, the global pure-play agriculture company, commemorated the 50-year legacy of Pioneer® Seeds in India at an event in Hyderabad.  Jayesh Ranjan, Principal Secretary, Information Technology, Electronics & Communication Department, Government of Telangana was the chief guest of the event. On this occasion, Corteva congratulated farmers closely associated with Pioneer for decades including woman farmers making a positive contribution to farming. Corteva Pravaktas- the farmer ambassadors were recognised for their continued contributions in transforming agriculture, sharing knowledge and best practices with fellow farmers to enhance yield & productivity.

Corteva started its journey in India with the set-up of Pioneer Seeds in 1972. Pioneer has been developing and characterizing hybrid seeds in key crops including corn, rice, millet, and mustard, while continuing to be one of the country’s leading suppliers. Corteva hybrid varieties help farmers increase yields, maintaining a sustainable supply of food, and increasing food security.

Sharing his thoughts on Pioneer’s enduring legacy brand, Tim Glenn, Executive Vice President, Seed Business Unit of Corteva Agriscience said “Corteva’s success in India is a result of the strength of our seed technology and dedication to farmers. Through our sustainable seed portfolio, we aim to make India a global hub for seed innovation. With increased R&D investments, we will continue to introduce agricultural innovations that will continue to progress farmers productivity and sustainability.”

With the global seed brand Pioneer, Corteva Agriscience is revolutionizing Indian agriculture and bringing tangible results for farmers. These seeds not only help increase overall crop yield but also aid in improving crop productivity, thereby helping increase farmer income and contributing towards the government’s mission to double farmers income.

Corteva has established an R&D facility —Multi-Crop Research Centre (MCRC) — in Telangana. This research facility builds synergies in breeding and breeding technology deployment across key crops like corn, millet, and mustard. This facility serves as a technology hub for the entire Asia Pacific region.

Talking about his vision for the agriculture sector, Jayesh Ranjan, Principal Secretary, Information Technology, Electronics & Communication Department, Government of Telangana, said, “We congratulate Corteva’s Pioneer on completing 50 years in India. The state of Telangana is committed to implementing policies and initiatives that enhances agriculture and provide necessary resources to farmers. Private sector’s participation and contribution is assisting farmers to have better access to latest technology and adopt sustainable practices. We will continue to support such initiatives that drive value addition to boost farmers’ income and enhances the overall agricultural sector. “

“For 50 years, Corteva’s global seed brand Pioneer has enabled millions of farmers to maximize productivity and profitability by infusing technology into agriculture. From the adoption of hybrid seeds, to empowering the use of sustainable solutions in communities, Corteva has been at the forefront of supporting resilience through proven science,” said Ravinder Balain, President – South Asia, Corteva Agriscience.

Pioneer has been developing and characterizing hybrid