- Push-out Score determined
- After about two and a half years in the position
- Accolades, praise and thanks for Collins
- Search for a successor
- Collins made a lengthy statement and said 211 words
(exechange) — Wilmington, Delaware, June 23, 2021 — Jim Collins, chief executive of Corteva, leaves — as “mutually agreed.” As announced by Corteva Inc. in a news release and in a regulatory filing published on Wednesday, June 23, 2021, James C. (Jim) Collins, chief executive officer, leaves the agricultural chemical and seed company after about two and a half years in the role, effective December 31, 2021.
Corteva will undertake a search for a successor.
“The opportune time to make a leadership change”
Jim Collins’s departure from the CEO post is explained as follows. Collins said: “After conversations with our Board, we agreed that with the company on solid ground, this is the opportune time to make a leadership change.”
Precise information regarding Jim Collins’s future plans was not immediately available.
Corteva said: “James (Jim) C. Collins, Jr., Chief Executive Officer, will retire from Corteva, effective December 31, 2021, after more than 37 years with the company and its predecessor, DuPont.”
Corteva further said: “On June 21, 2021, James C. Collins, Jr., chief executive officer of Corteva, Inc. (the “Company”) and the Company’s board of directors (the “Board”) mutually agreed Mr. Collins would retire from all of his positions with the Company effective December 31, 2021.”
Share price increase since June 2019
The announcement follows an increase in Corteva Inc.’s share price of 75% since June 2019. June 2019 is the month in which Collins’s tenure as CEO began.
Chaired by Greg Page
Greg Page serves as Corteva Inc.’s Chairman.
Page is the retired chairman and chief executive officer of Cargill, Inc. He served as executive director of Cargill from September 2015 to August 2016, as executive chairman from December 2013 to September 2015, chief executive officer from June 2007 to December 2013, and President from 2000 to 2007. Page joined Corteva’s Board as the independent chair in June 2019.
In the position of CEO since 2019
Jim Collins became CEO of the Company in 2019.
Collins has served as chief executive officer of Corteva since June 2019.
He previously served as the chief operating officer of the Agriculture Division of DowDuPont since September 2017.
Prior to this appointment, Collins was executive vice president of DuPont with responsibility for the company’s agriculture segment, including DuPont Pioneer and Crop Protection since January 2016.
Prior to this, beginning in September 2013, he was senior vice president with responsibility for DuPont’s performance materials segment, was named to the position of executive vice president in December 2014, and added responsibility for the electronics & communications segment in July 2015.
Previously, Collins was vice president for acquisition & integration of Danisco, since January 2011, and was named president of DuPont’s industrial biosciences segment in May of that year.
From 2004 to 2010, he was responsible for DuPont’s crop protection segment as vice president and general manager and then president.
Collins joined DuPont as an engineer in 1984 and held positions in engineering, supervision, and business management at a variety of manufacturing sites.
In 1993, he joined the agriculture sales & marketing group where he served in a variety of roles across the globe supporting DuPont’s seed and crop protection businesses.
Collins currently serves on the board of directors of CropLife International.
He also serves on the Advisory Councils of the University of Tennessee Loan Oaks Farm and the Food Forever Initiative Global Crop Diversity Trust and the National 4H Council.
Collins joined Corteva’s Board in June 2019.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Collins’s move on a scale of 0 to 10.
exechange reached out to Corteva and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 26.2021 ($).