Senior Vice President and Chief Financial Officer
"Historically, our businesses have generated considerable free cash flow. If we can combine that with a more entrepreneurial approach, I believe we can put that cash into the business in ways that will generate shareholder value."
Mark E. Newman oversees financial management and reporting for Chemours. He joined the company, then a subsidiary of DuPont, in November 2014, and helped lead the transition that launched Chemours as a stand-alone, publicly traded company. Prior to joining Chemours, Mark was Senior Vice President and Chief Financial Officer of SunCoke Energy Inc. The company makes coke, a solid fuel used in the manufacture of steel.
He joined SunCoke to lead the full separation of the coke-making business from its parent, Sunoco. He was responsible for strategy, business development, and information technology. Mark directed the firm's initial public offering (IPO) in July 2011. He was also instrumental in a major restructuring of the business, which led to the IPO of the first coke-making master limited partnership, SunCoke Energy Partners, in January 2013, where he served as a member of the board.
Prior to his time at SunCoke, Mark served in a number of senior operating and finance leadership roles in the US and China, primarily with the General Motors Corporation, where he began his career in 1986. He was named one of the "Most Influential People in Auto Dealership Marketing" by Dealer Marketing Magazine and received multiple General Motors Chairman's Honor Awards during his years with the global automaker.
He received his Bachelor of Applied Science degree in Mechanical Engineering from the University of Waterloo in Waterloo, Ontario, Canada. Mark earned his Master of Business Administration from the Richard Ivey Business School at the University of Western Ontario in London, Ontario, Canada, where he received a General Motors Fellowship. Mark serves on the board of directors for Altria Group, Inc., is the executive sponsor of the Chemours Black Employee Network, and is a member of the Ivey Society, based on Richard Ivey alumnus activity.
"When you think of topline growth, my view is, our first order of business is to ensure we are getting everything we can from the existing portfolio, both in terms of logical product extensions and running the portfolio more efficiently."
"I grew up on a sugar cane and citrus farm in Jamaica, and one of my first jobs was mowing the citrus groves. One day I was in a hurry and didn't do a very good job. My father said, ‘you realize, everybody knows you cut this field.' The next morning, I went back and redid it. It's a lesson that stuck with me. People will associate you with your work."