STAMFORD, Conn. - Tronox Holdings plc (NYSE:TROX), a global leader in the production of titanium dioxide pigment, announced today the addition of Lucrèce Foufopoulos-De Ridder to its Board of Directors. Effective immediately, Foufopoulos-De Ridder will also join the Corporate Governance and Sustainability Committee.
With this new appointment, the Board now comprises 10 directors, including 6 independents. Foufopoulos-De Ridder brings over 25 years of experience in the specialty chemical and petrochemical industry to the table. Her background includes significant roles at Borealis Group, where she focused on polyolefins and circular economy solutions, and executive positions at Eastman Chemical Company (NYSE:EMN) and Dow Chemical Company.
Ilan Kaufthal, chairman of Tronox, expressed confidence in her ability to contribute to the company's growth and sustainability efforts, citing her track record in technology and innovation within the chemicals sector. Her appointment aligns with the company's stated goal in its 2024 proxy statement to recruit executives with diverse skills to support Tronox's vision as a vertically integrated, sustainable mining and upgrading solutions leader.
Foufopoulos-De Ridder's career also includes leadership positions in various companies such as Amcor (NYSE:AMCR) PLC, Sika (SIX:SIKA) AG, and Royal Vopak (OTC:VOPKY) N.V., allowing her to offer a broad perspective on global industry trends and strategic direction.
Tronox is recognized for its high-quality titanium products and operates with approximately 6,500 employees worldwide. The company's unique vertical integration model and operational expertise have established its position as a premier titanium dioxide producer.
InvestingPro Insights
As Tronox Holdings plc (NYSE:TROX) welcomes Lucrèce Foufopoulos-De Ridder to its Board of Directors, investors and stakeholders may be interested in the company's financial health and market performance. Tronox operates with a significant debt burden, which is an important consideration for understanding the company's financial strategy and risk profile. Despite this, the company's net income is expected to grow this year, suggesting potential upside from operational improvements or market conditions.
Looking at the real-time data from InvestingPro, Tronox has a market capitalization of 3030 million USD. The company's Price to Earnings (P/E) ratio stands at -12.92, reflecting its current earnings challenges. However, with a Price to Book (P/B) ratio of 1.6, the stock may be trading at a reasonable valuation relative to its book value. Additionally, Tronox has maintained dividend payments for 13 consecutive years, offering a dividend yield of 2.6%, which may appeal to income-focused investors.
Investors should note that Tronox has experienced strong returns over the past week, month, and three months, with a one-week price total return of 12.4% and a one-month price total return of 13.07%. Over the last six months, the stock has seen a large price uptick of 77.84%, indicating significant investor confidence or market momentum. For more in-depth analysis and additional InvestingPro Tips, such as the company's profitability outlook and earnings revisions by analysts, visit https://www.investing.com/pro/TROX. There are 14 more InvestingPro Tips available to help you make informed decisions, and don't forget to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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