Philadelphia, Pa., USA - September 17, 2012, Philadelphia, Pa., USA - FMC Corporation, a diversified chemical company, announced several executive leadership changes.
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Paul Graves, who was previously partner and managing director at Goldman Sachs Group, has been appointed executive vice president and chief financial officer, effective October 1, 2012.
Mr. Graves began his career in investment banking in 1997 in London, and joined Goldman Sachs' Investment Banking Division in 2000. He moved to Goldman Sachs' Hong Kong office in 2010 where he was named co-head of Natural Resources for Asia (excluding Japan). In addition, Mr. Graves was the global head of the Chemicals sector since 2005, and global head of the Agriculture sector.
He was promoted to managing director of Goldman Sachs in 2006 and partner in 2008. Mr. Graves earned his bachelor of arts in Accounting and Finance from Nottingham Trent University in 1993, and qualified as a Chartered Accountant (ACA) with Ernst & Young. He will succeed Kim Foster, FMC executive vice president and CFO, who will retire at the end of the year.
Mark Douglas, president of the Industrial Chemicals Group, has been named president of the Agricultural Products Group, effective October 1, 2012.
Mr. Douglas joined FMC in 2010 as vice president of Global Services and International Development. Prior to FMC, he held a variety of commercial, research, regional, and global roles in the chemical industry, including leadership positions at Rohm and Haas Company and The Dow Chemical Company. In addition to leading FMC Agricultural Products Group, he will retain executive oversight for the Latin America Region and the Procurement organization. Mr. Douglas is succeeding Milton Steele, who will retire in early 2013.
Ed Flynn, manager for the Alkali Chemicals Division, will succeed Mark Douglas as president of the Industrial Chemicals Group, effective October 1, 2012.
Mr. Flynn has held a variety of engineering, manufacturing, functional, and business roles of increasing responsibility at several FMC locations during his career. He was promoted to division manager for Alkali Chemicals in 2002, where he has been a champion of the business's successful low-cost model. ■