WILMINGTON, Del., June 26, 2019 /CNW/ -- Corteva, Inc. (NYSE:
CTVA) announced today that Marcos
Lutz, chief executive officer of Cosan Limited, has been
elected to Corteva's Board of Directors, effective June 25, 2019. He will serve on the Audit and
People and Compensation committees of the Board.
Greg Page, Non-Executive Chairman
of Corteva and retired chairman and CEO of Cargill, Inc., said, "As we've built the
Corteva Board, we've brought together a powerful team of
experienced leaders with diverse expertise in strategic areas of
focus. These individuals are experts in their respective fields –
and have proven track records for delivering on disciplined growth
strategies." Page continued, "Marcos
Lutz brings deep expertise in an important regional market
for Corteva – rounding out our Board and positioning it well to
support the Company as it accelerates plans for long-term
growth."
"The completion of our Board of Directors is a critical next
step for Corteva. With the addition of Marcos Lutz, we have put in place a strong Board
of Directors – tested leaders with a shared focus on building a
leading pure-play agriculture company." said James C. Collins, Jr., Corteva Agriscience Chief
Executive Officer.
Biography of New Director
Marcos Lutz is CEO
and director of Cosan Limited, a Brazil-based holding company that operates in
strategic sectors including agribusiness, fuel and natural gas
distribution, lubricants and logistics. Mr. Lutz was appointed CEO
in April 2015 and has served as a
director of Cosan Limited since December
2009. Prior to joining Cosan, he held senior leadership
roles at Companhia Siderurgica Nacional (CSN) SA, most recently
serving as vice president of infrastructure and energy with
responsibility for the company's hydroelectric plants, logistics,
railways and port terminals. Prior to that, he was the chief
operating officer, for Ultracargo S.A., Ultra Group's logistics
subsidiary. Mr. Lutz previously served as a director at Monsanto
Company from May 2014 to June 2018.
In addition to Mr. Page and Mr. Lutz, Corteva's Board of
Directors includes: Jim Collins, CEO
of Corteva Agriscience; Edward D.
Breen, Executive Chairman of DuPont de Nemours, Inc.;
Lamberto Andreotti, former Chairman
and CEO of Bristol-Myers Squibb; Robert A.
Brown, President of Boston
University; Klaus Engel,
former CEO of Evonik Industries AG; Michael
O. Johanns, retired U.S. Senator and former U.S. Secretary
of Agriculture; Lois D. Juliber,
former Vice Chairman and Chief Operating Officer of
Colgate-Palmolive Company; Rebecca B.
Liebert, Senior Vice President, automotive coatings at PPG;
Lee M. Thomas, former Chairman and
CEO of Rayonier Inc.; and Patrick J.
Ward, former CFO of Cummins Inc.
About Corteva Agriscience
Corteva Agriscience provides
farmers around the world with the most complete input portfolio in
the industry to enable them to maximize yield and profitability —
including some of the most recognized brands in agriculture:
Pioneer®, Granular®, Brevant™ seeds, as well
as award-winning Crop Protection products — while bringing new
products to market through its robust pipeline of active chemistry
and technologies. The company is committed to working with
stakeholders throughout the food system as it fulfills its promise
to enrich the lives of those who produce and those who consume,
ensuring progress for generations to come. Corteva Agriscience
became an independent public company on June
1, 2019, and was previously the Agriculture Division of
DowDuPont. More information can be found at www.corteva.com.
Follow Corteva Agriscience on Facebook, Instagram, LinkedIn,
Twitter and YouTube.
Cautionary Statement About Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended,
which may be identified by their use of words like "plans,"
"expects," "will," "anticipates," "believes," "intends,"
"projects," "targets," "estimates" or other words of similar
meaning. All statements that address expectations or projections
about the future, including statements about Corteva's strategy for
growth, product development, regulatory approval, market position,
anticipated benefits of recent acquisitions, timing of anticipated
benefits from restructuring actions, outcome of contingencies, such
as litigation and environmental matters, expenditures, and
financial results, as well as expected benefits from, the
separation of Corteva from DowDuPont, are forward-looking
statements.
Forward-looking statements are based on certain assumptions and
expectations of future events which may not be accurate or
realized. Forward-looking statements also involve risks and
uncertainties, many of which are beyond Corteva's control.
Consequences of material differences in results as compared with
those anticipated in the forward-looking statements could include,
among other things, business disruption, operational problems,
financial loss, legal liability to third parties and similar risks,
any of which could have a material adverse effect on Corteva's
business, results of operations and financial condition.
Additionally, there may be other risks and uncertainties that
Corteva is unable to currently identify or that Corteva does not
currently expect to have a material impact on its business.
Where, in any forward-looking statement, an expectation or
belief as to future results or events is expressed, such
expectation or belief is based on the current plans and
expectations of Corteva's management and expressed in good faith
and believed to have a reasonable basis, but there can be no
assurance that the expectation or belief will result or be achieved
or accomplished. Corteva disclaims and does not undertake any
obligation to update or revise any forward-looking statement,
except as required by applicable law. A detailed discussion of some
of the significant risks and uncertainties which may cause results
and events to differ materially from such forward-looking
statements is included in Corteva's Quarterly Report on Form 10-Q
for the Quarterly Period Ended March 31,
2019 filed with the U.S. Securities and Exchange
Commission.
® TM SM Trademarks and service marks of Dow
AgroSciences, DuPont or Pioneer, and their affiliated companies or
their respective owners.
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SOURCE Corteva, Inc.