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Posted 02 June, 2021

KRONOS WORLDWIDE INC appointed new CEO

CEO Change detected for ticker NYSE:KRO in a 8-K filed on 02 June, 2021.


  James M. Buch has been elected, effective June 1, 2021, as president and chief operating officer of the registrant by the registrant's board of directors. Upon Mr. Buch's election, Robert D. Graham, who previously served as vice chairman of the board, president and chief executive officer of the registrant, ceased to serve as president of the registrant but continued as its vice chairman of the board and chief executive officer.  

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Overview of KRONOS WORLDWIDE INC
Basic Materials/Resources • Chemicals
Kronos Worldwide, Inc. engages in the production and marketing of value-added titanium dioxide pigments. Its products are used for coatings and inks, plastics, paper and paper laminates, man-made fibers, health, food, and beauty, and ceramic, glass, and welding rods applications. The firm also offers assistance in pigment selection, consultation, on-site training, testing on lab scale equipment, and weathering tests technical services. The company was founded in 1916 and is headquartered in Dallas, TX.
Market Cap
$986M
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KRONOS WORLDWIDE INC by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


James M. Buch has been elected, effective June 1, 2021, as president and chief operating officer of the registrant by the registrant's board of directors. Upon Mr. Buch's election, Robert D. Graham, who previously served as vice chairman of the board, president and chief executive officer of the registrant, ceased to serve as president of the registrant but continued as its vice chairman of the board and chief executive officer.


On May 26, 2021, James W. Brown, executive vice president and chief financial officer of the registrant, provided notice to the registrant of his retirement, effective as of June 1, 2021, as chief financial officer of the registrant. In connection with his retirement as chief financial officer of the registrant, Mr. Brown also provided notice to the registrant's affiliate Valhi, Inc. ("Valhi") of his retirement as chief financial officer of Valhi as of June 1, 2021. Following such retirements, Mr. Brown continues to be employed by Contran Corporation ("Contran"), the privately-held parent corporation of the registrant, and to serve as executive vice president of the registrant, Valhi and Contran.


Following such retirement notice of Mr. Brown, the registrant's board of directors took action, also effective as of June 1, 2021, to elect Tim C. Hafer as senior vice president and chief financial officer of the registrant. Mr. Hafer, who served as senior vice president and controller immediately prior to June 1, will also continue to function as the registrant's principal accounting officer.


Mr. Buch, age 60, has served as the registrant's president since June 1, 2021 and as its chief operating officer since 2015. He served as the registrant's chief operating officer, global commercial, from 2014 to 2015. Previously, he served Titanium Metals Corporation as its vice president from 2006 to 2011 and as its executive vice president, commercial from 2011 to 2013.


Mr. Hafer, age 59, has served as the registrant's chief financial officer since June 1, 2021 and as its senior vice president since 2020. He served as the registrant's vice president from 2006 to June 2019 and as its controller from 2006 to June 2021. Mr. Hafer has served in financial accounting positions (including officer positions) with various companies related to us and Contran since 1999.


Messrs. Buch and Hafer are employees of Contran and provide their services to the registrant under an intercorporate services agreement between the registrant and Contran. For a description of the intercorporate services agreement, see "Certain Relationships and Transactions" in the registrant's 2021 proxy statement, which description is incorporated herein by reference. In addition, for a discussion of potential conflicts of interest of officers who serve more than one corporation, see "Certain Relationships and Transactions" in the 2021 proxy statement, which discussion is also incorporated herein by reference.