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Posted 18 May, 2022

KRONOS WORLDWIDE INC appointed James M. Buch as new CEO

NYSE:KRO appointed new Chief Executive Officer James M. Buch in a 8-K filed on 18 May, 2022.


  Effective May 18, 2022, the registrant's board of directors elected James M. Buch as the registrant's president 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.


Effective May 18, 2022, the registrant's board of directors elected James M. Buch as the registrant's president and chief executive officer. Mr. Buch was formerly the registrant's president and chief operating officer. Robert D. Graham was formerly the registrant's chief executive officer, and Mr. Graham continues to serve as the registrant's vice chairman of the board.


Also effective May 18, 2022, the registrant's board of directors increased the size of the board from seven to nine and elected R. Colin Gouveia and James M. Buch to fill the newly created vacancies, with each to serve as a director until his successor is elected and qualified or his earlier resignation, removal or death. The board of directors also appointed Mr. Gouveia to serve on its audit committee. 


Mr. Gouveia, age 58, has served as senior vice president and general manager, elastomeric material solutions of Rogers Corporation, a publicly traded manufacturer of engineered materials, since 2019. Prior to joining Rogers Corporation, Mr. Gouveia was vice president and general manager of Eastman Chemical Co. from 2014 to 2019. Earlier experience includes serving as executive vice president, president North America for Taminco Corporation from 2014 until its purchase by Eastman Chemical in 2019, and serving in various roles for The Dow Chemical Company from 2009 to 2012 and for Rohm and Haas Company from 2003 to 2009.


Mr. Buch, age 61, has served as the registrant's president since June 2021 and had served as its chief operating officer since 2015. He served as the registrant's chief operating officer, global commercial, from 2014 to 2015. He currently serves as senior vice president of Contran Corporation, the parent corporation of the registrant's consolidated tax group. Previously, he served Titanium Metals Corporation as its vice president from 2001 to 2011 and as its executive vice president, commercial from 2011 to 2013.


Mr. Buch is an employee of Contran and provides his 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 2022 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 2022 proxy statement, which discussion is also incorporated herein by reference.