you morning Jonathan. and Thanks, joining thank everyone today. us Good for
of wanted I we jump position moment Chemours, the to discuss leadership take Before in, changes with promotion COO. to the of created to newly a the recent starting at here Mark Newman
from DuPont Company and know, has the Chemours XXXX Mark our been in all you spin instrumental of As transformation in CFO was spin. post of the since
through hand-in-hand issues years. We those some during difficult have early worked
with report strategy as more of projects me business our assume and for on This will focus Chemours capital allow units, stakeholders. all external behalf and role our directly new will me. Mark our his responsibility of on well growth to In will advocacy as continue to to purchasing direct
of at Chemours the number Sameer M&A, position. including CFO on here on spin. held of has treasury elevation our Sameer member and a has management promotion. congratulate I'm to been finance Ralhan team and of proud to roles heels Mark's since key Following his the strategy, a
Over efficient to Mark Chemours a team and unlock with potential closely to such the our proud here of working coming I'm a to over forward the function been more finance leaders we steady capable and I full years he make hand, treasurer. has have our this of years as as worked has the Company. Newman look together at
So again Sameer and Mark heartily my congratulations.
is Council, Chemistry I a chair specialty in involvement promotions, the Honeywell. chemical her of had XXXX. CEO these In to which and we the to the on of I the the Kane to well our of pleasure leader of respected will addition AdvanSix, announced chemicals Erin a know Board is recently recently company getting in spun appointment Directors. Erin industry from through her also Erin have American
Erin look and I of to on and the Board Board her speak welcoming forward entire Brown we Dick our Chemours with behalf strategy future Chemours. our working Chairman closely of to Directors. shape of as the I
view we Company. to commitment of bring issues Company inclusion team, a face to benefit all we for levels points continue look will as from in reinforce at management we a the will a to all As our to diverse the ways we critical and
Turning to the next page.
parent the in As former State Chancery DuPont of and we Delaware. lawsuit our of you know, currently engaged are to with a Court
for speaks lawsuit, a that the up complaint itself. the hearing. wanted misconceptions clear believe to I about we I been While which few
passed it to that asserted continues to to to which DuPont indemnity entitled its historic Chemours is [indiscernible]. including As for from those of unlimited recently the many contend liabilities, claims court they
in established limiting premised maximums. and the for actual alternative a realistic against high spin the and the to those Chemours request DuPont suit that maximum DuPont $X Chemours Chancery or from billion those indemnification extracted dividends law it Court return declaratory upon exposures The judgment Chemours approximately rights at
our not the could to speaks the the the spin Some that the lawsuit implied of to were be timing insolvency. off, truth. further have of complaint not directed This The present. from allegations the
the is it that complaint insolvency, we fears currently because not. in Nowhere alleged Chemours do
the of are appropriate to result were taken with reflected on difficult All in our Company to solid us at Thanks DuPont in accounting as of spinoff, the in as the left and choices condition of our is we our time a financial accordance tremendous efforts the the footing accruals financial forced standards. employees of our make filings.
maintain and our otherwise. were communities and shareholder have to committed worked We value start independent addressing hard as of. we issues we proactively to part remain are Company, while build numerous we From an environmental handed the
is Our without decision we successful choices, have with future bright to every Company. difficult come view a made but this success not a and some for
I the in-line and helpful is hope we would understand that you lawsuit that our our This be further call, this all I Chemours commenting of rights ongoing will with given and is on that is to effort ask not protect stakeholders. litigation. this please context, of that
note the Foams. chart. arisen have regarding Questions on of to I Chemours connection topic moving to like the Fire-Fighting Fire-Fighting a next different to would Finally, briefly Foams. address
industry PFOF for be Let and or made before period. never Chemours in the it sold was me firefighting the PFOFs decades. dominant clear, have the chemistry DuPont foam
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quarter and results Moving chart. the from next to XQ our on highlights the
to quarter imports coating America the impact start the uncertainty of and expected global economic Our of of results season second the into than refrigerants legal North Europe. in slower reflect legacy in
momentum HFO adoption we report in U.S. mobile backdrop. difficult full sector in of start this for that Japan. to and positive underway Opteon the the Despite are I'm Asia mobile in with adoption demonstrate the as we proud head in to market continues
here ramping great in production are I'm running Christi of and put behind normalized in proud back we operating also that levels. have QX team Corpus We and to of opening the recently have the Texas attended our floor issues plant. I Opteon us products our facility
a currently ADA our working contracts. understand to customer leveraged are to well engage remain structure. and I'm are global our value to customer started report increased committed opportunity Flex stabilization target engagement contract rolled Ti-Pure not XX% who proud customer We better for to strategy ADA we behavior to we meaningful and with is Flex now on-track that have fully and to on the Ti-Pure We understood ensure platform base. represents our With globally, are believe and the out to fully see by customers
TT Minerals, and announced In an our we mine of supported in acquisition TDS yesterday the business Southern ore Ionics Georgia.
Newman minerals reviews Chemours TT will family. more take on I Southern to segment this acquisition, to when the We from wanted but thoughts to publicly opportunity the team the to Ionics Mark results, welcome share the
in will underpinned results in see revised quarter our and the outlook. to speak outlook our original believe not full-year Overall, second for I we half recovery, I call. do the the disappointing later are our which the second full-year
that place near-term we strategies long-term are see issues more future, not I affecting value our with create to cloud results. clarity face right do my the in They our we shareholders. are which for conviction headwinds, nor the temporary which the our have But
three even one have stronger. to franchises We best-in-class each and working make are
strength I power overcome be combined to sheet making more a and headwinds. of are these balance profitable we the result that gives us sustain to today more in source Our higher Chemours. growth believe will and a continues investments stable
X, XXXX on July back journey started four we look a on the changed. ago has years I As lot
Chemours DuPont. ready We separation have made focused, a to significant oriented more challenges where we from progress from action is our head-on. after restarted leaner, face the organization,
certainly to and that do We from four down plan backed our have first don't challenge never in any now. years we
that, over to quarter's call to I results. will with So review turn Sameer the the
