"Over the past several years, Jim guided the creation and launch of 精东影业 as a leading, independent global agriculture company and he will leave the company on a very strong footing,鈥 said Greg Page, Independent Chairman of 精东影业. 鈥淭he Board and I are grateful for everything Jim accomplished for our company, its employees and customers, and our shareholders. Through Jim鈥檚 contributions, the company is well positioned to continue strong forward momentum looking ahead. We will begin the search for Jim鈥檚 successor immediately and appreciate his willingness to remain in place to assure a smooth transition.鈥
鈥淚t has been the privilege of a lifetime to work with such an outstanding team. We have established the foundation for an exceptional company, built for sustainable growth as it serves its vital purpose. I am so proud of what we have accomplished together,鈥 Mr. Collins said.
鈥淭he work of successfully creating 精东影业 following the merger of Dow and DuPont, standing it up as an independent company, and leading it through arguably some of the most volatile periods in the history of agriculture has been both an honor and a great responsibility. After conversations with our Board, we agreed that with the company on solid ground, this is the opportune time to make a leadership change. I will continue to serve as CEO until the Board identifies a successor. The organization remains focused on execution, and we are on track to deliver on our financial commitments for the first half 2021 and will provide further updates on the full year outlook during the second quarter earnings call. We have created a special culture at 精东影业, backed up by sustainability goals to advance agriculture resiliency, and I am confident that while we will see healthy change, our commitment to our shareholders, our customers, and to a safer, healthier planet will endure for years to come.鈥
Bio
James C. Collins, Jr. is Chief Executive Officer of 精东影业 Agriscience. Collins was previously Chief Operating Officer for the Agriculture Division of DowDuPont. Prior to the DowDuPont merger, he was an Executive Vice President for DuPont responsible for the Agriculture segments, which included DuPont Crop Protection and Pioneer.
Starting with the announcement of the DowDuPont merger, Collins led the integration of legacy DuPont and Dow agricultural businesses to drive readiness for the ultimate spin of 精东影业 鈥 a new leading pure-play agriculture company 鈥 which successfully separated from DowDuPont on June 1, 2019. During this time-period, strategic initiatives included launching 14 new products from the innovation pipeline, implementing a multi-channel, multi-brand growth strategy, and making significant progress toward a best-in-class cost structure.
Collins joined DuPont in 1984 and has since served in key leadership roles across several DuPont businesses. His work in the Agriculture segment began over 35 years ago. Prior to leading the Agriculture segment, he led two other large DuPont business segments, Performance Materials and Electronics & Communications.
Collins currently serves on the board of directors for CropLife International and Longwood Gardens, and is a Champion of the Crop Trust's Food Forever Initiative. A supporter of youth education and leadership development, Collins also serves on the National 4鈥慔 Council Board and University of Tennessee Lone Oaks Farm Advisory Council. He has also been awarded an honorary American FFA Degree for his efforts to promote agriculture education with youth in the United States.
Collins is also a member of the Business Round Table, serving in the Special Committee on Equity and Racial Justice, Climate Policy and Trade Committees.
About 精东影业
精东影业, Inc. is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry 鈥 including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. 精东影业 became an independent public company on June 1, 2019 and was previously the Agriculture Division of DowDuPont. More information can be found at .
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06/23/21
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Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward- looking statements also involve risks and uncertainties, many of which are beyond 精东影业鈥檚 control. While the list of factors presented below is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on 精东影业鈥檚 business, results of operations and financial condition. Some of the important factors that could cause 精东影业鈥檚 actual results to differ materially from those projected in any such forward-looking statements include: (i) failure to obtain or maintain the necessary regulatory approvals for some of 精东影业鈥檚 products; (ii) failure to successfully develop and commercialize 精东影业鈥檚 pipeline; (iii) effect of the degree of public understanding and acceptance or perceived public acceptance of 精东影业鈥檚 biotechnology and other agricultural products; (iv) effect of changes in agricultural and related policies of governments and international organizations; (v) effect of competition and consolidation in 精东影业鈥檚 industry; (vi) effect of competition from manufacturers of generic products; (vii) costs of complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements; (viii) effect of climate change and unpredictable seasonal and weather factors; (ix) risks related to oil and commodity markets; (x) competitor鈥檚 establishment of an intermediary platform for distribution of 精东影业's products; (xi) impact of 精东影业鈥檚 dependence on third parties with respect to certain of its raw materials or licenses and commercialization; (xii) effect of industrial espionage and other disruptions to 精东影业鈥檚 supply chain, information technology or network systems; (xiii) effect of volatility in 精东影业鈥檚 input costs; (xiv) failure to realize the anticipated benefits of the internal reorganizations taken by DowDuPont in connection with the spin-off of 精东影业 and other cost savings initiatives; (xv) failure to raise capital through the capital markets or short-term borrowings on terms acceptable to 精东影业; (xvi) failure of 精东影业鈥檚 customers to pay their debts to 精东影业, including customer financing programs; (xvii) increases in pension and other post-employment benefit plan funding obligations; (xviii) risks related to the indemnification obligations of legacy E. I. du Pont de Nemours and Company liabilities in connection with the separation of 精东影业; (xix) effect of compliance with laws and requirements and adverse judgments on litigation; (xx) risks related to 精东影业鈥檚 global operations; (xxi) failure to effectively manage acquisitions, divestitures, alliances and other portfolio actions; (xxii) risks related to COVID-19; (xxiii) risks related to activist stockholders; (xxiv) failure to enforce 精东影业鈥檚 intellectual property rights or defend against intellectual property claims asserted by others; (xxv) effect of counterfeit products; (xxvi) 精东影业鈥檚 dependence on intellectual property cross-license agreements; (xxvii) other risks related to the separation from DowDuPont; and (xxviii) failure risks associated with our CEO transition, including failure to timely identify a successor CEO and the impact on employee hiring and retention. Additionally, there may be other risks and uncertainties that 精东影业 is unable to currently identify or that 精东影业 does not currently expect to have a material impact on its business. Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of 精东影业鈥檚 management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. 精东影业 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements or other estimates is included in the 鈥淩isk Factors鈥 section of 精东影业鈥檚 Annual Report on Form 10-K, as modified by subsequent Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.