The new board will be chaired by Karen Grimes, a retired partner at Wellington Management Company. Joining her is Vylor’s incoming chief executive, Chuck Magro, alongside a diverse group of executives including Procter & Gamble’s Victor Aguilar, former John Deere Financial president Rajesh Kalathur, and former Ultrapar Participacões CEO Marcos Lutz. The roster is rounded out by Merck & Co. executive Johannes Oosthuizen and former Monsanto strategy officer Kerry Preete.
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Corteva Sets Board for Vylor Spin-Off Ahead of Q4 Separation
Seven industry veterans will steer Vylor, the forthcoming seed and genetics spin-off from Corteva, as the company finalizes its leadership transition. The board appointments are set to take effect during the fourth quarter, marking a definitive step in separating the advanced technology unit from its parent organization.
As the separation approaches, the corporate structure at Corteva will shift significantly. Grimes, Magro, Lutz, and Preete are slated to depart the Corteva board to focus exclusively on the new entity. Meanwhile, Luke Kissam is set to join the Corteva board as its incoming CEO. The company confirmed that a search remains active to secure at least one additional member for the Vylor board to complete its oversight team.
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