Corteva Announces Tim Glenn Retirement, Appoints Judd O'Connor EVP, Seed Business Unit

Rhea-AI Summary

Corteva (NYSE: CTVA) has appointed Judd O'Connor as the new Executive Vice President (EVP) of its Seed Business Unit, effective December 1, 2024. O'Connor, a 25-year veteran of Corteva and its heritage companies, will succeed Tim Glenn, who will serve as a Strategic Advisor until his retirement in Q1 2025. O'Connor previously served as President of Corteva's North America business and has extensive global experience, including roles in Latin America and leading integration efforts during the Dow-DuPont merger.

CEO Chuck Magro praised O'Connor's deep customer insights and operational expertise. O'Connor expressed enthusiasm for leading the seed business and leveraging technology to support farmers. Glenn, who has served the company for over 30 years, expressed pride in the Seed business's global impact and confidence in O'Connor's leadership.

Positive

• Appointment of experienced internal candidate Judd O'Connor as new EVP of Seed Business Unit
• Smooth leadership transition with Tim Glenn serving as Strategic Advisor until retirement
• O'Connor brings 25 years of experience and deep knowledge of Corteva's customers and business

Negative

• Departure of long-serving executive Tim Glenn from the Seed Business Unit

News Market Reaction – CTVA

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In the trading session that priced this news, CTVA gained 2.88%, reflecting a moderate positive market reaction.

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INDIANAPOLIS, Oct. 15, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) announced today that it has appointed Judd O'Connor as its new Executive Vice President (EVP) of its Seed Business Unit, effective December 1, 2024. He will succeed Tim Glenn, current Corteva EVP, Seed Business Unit, who will serve as a Strategic Advisor to the executive leadership team until his retirement in the first quarter of 2025, allowing for a seamless transition. 

O'Connor, a 25-year veteran of Corteva and its heritage companies, assumes this position after serving as the President of its North America business, leading the P&L for the company's largest market. Earlier in his career, he was based in São Paulo, Brazil, where he served as DuPont's Regional President, Latin America. Upon returning from Brazil, Judd led Integrated Operations and Commercial Effectiveness for Pioneer, today part of Corteva, and helped lead efforts to enable the merger of Dow and DuPont's agriculture businesses, which ultimately led to the formation of Corteva. 

Corteva Chief Executive Officer Chuck Magro said, "With Judd's more than two decades of experience across Corteva and its heritage companies, including eight years in leadership roles for the North America business, few people know our customers and business better. Judd will bring to his new role operational expertise, a global mindset, deep customer insights and a laser focus on putting game-changing innovation into the hands of farmers. The Board and I are delighted to have Judd join our management team to lead the world's best seed business." 

"I could not be prouder to take the helm of a business, a suite of brands and a team which has, for nearly a century, worked alongside farmers to increase yields and improve on-farm profitability," said O'Connor. "In the years ahead, I look forward to harnessing the power of cutting-edge technology to continue to help farmers feed and fuel the world's growing population." 

Glenn said, "It has been an honor to be part of the creation of Corteva and to have served this company and its heritage companies for more than thirty years.  I am particularly proud of the strength and impact the Seed business has had around the world, as we continue to deliver innovative products and services to improve farmers' productivity.  As Corteva looks to the future, I am pleased to turn the leadership of this strong business unit to Judd, with whom I have worked for nearly two decades." 

Magro added, "On behalf of the Board and the management team, I want to thank Tim for his dedicated service over many decades to our customers, his invaluable guidance to me and his many contributions to our employees and business. We wish him the very best in retirement." 

About Corteva
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the Company is committed to maximizing productivity for farmers, while 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. More information can be found at www.corteva.com.

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SOURCE Corteva, Inc.

FAQ

Who is the new Executive Vice President of Corteva's Seed Business Unit?

Judd O'Connor has been appointed as the new Executive Vice President of Corteva's Seed Business Unit, effective December 1, 2024.

When will Tim Glenn retire from Corteva (CTVA)?

Tim Glenn, current EVP of Corteva's Seed Business Unit, will retire in the first quarter of 2025.

What is Judd O'Connor's previous experience at Corteva (CTVA)?

Judd O'Connor has 25 years of experience with Corteva and its heritage companies, most recently serving as President of its North America business. He has also held leadership roles in Latin America and was involved in the Dow-DuPont merger.

How will Corteva (CTVA) manage the transition in leadership for its Seed Business Unit?

Tim Glenn will serve as a Strategic Advisor to the executive leadership team until his retirement, allowing for a seamless transition to Judd O'Connor's leadership.