Will Corteva (CTVA) host an investor day related to New Corteva and SpinCo?

Yes. Members of New Corteva and SpinCo executive leadership plan to host an investor day on September 15 at the New York Stock Exchange. The event is expected to provide more detail on strategies for the separated companies, with attendance and participation information to be shared closer to that date.

Corteva (NYSE: CTVA) names New Corteva CEO and SpinCo executive teams ahead of 2026 split

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Corteva, Inc. detailed leadership changes tied to its planned separation into two publicly traded companies: seed-focused “SpinCo” and crop-protection-focused “New Corteva,” expected in the fourth quarter of 2026. Several current named executive officers, including CEO Chuck Magro and CFO David Johnson, will move to SpinCo leadership roles.

The board appointed Luther (“Luke”) Kissam as CEO of New Corteva, with him joining June 1, 2026 as CEO of the Crop Protection Business Unit before assuming the top role at separation. His employment agreement provides a $1,200,000 base salary, a 150% target annual bonus, and significant equity incentives.

Corteva also named future New Corteva executives, including Jeff Rudolph as Chief Financial Officer, Brook Cunningham as Chief Commercial Officer, and Ralph Ford as Chief Integrated Operations Officer. Robert King will shift to a strategic advisor role through year-end 2026 with eligibility for a $1 million transition bonus as his current EVP role is eliminated.

Insights

Corteva locks in leadership teams for its two post-separation companies, clarifying governance but not changing fundamentals yet.

Corteva is progressing its planned spin-off by naming leadership for both the crop protection business (“New Corteva”) and the advanced seed and genetics business (“SpinCo”). The appointment of Luke Kissam as New Corteva CEO brings prior public-company CEO experience and sector-relevant specialty chemicals and agriculture background.

Management continuity is evident as current CEO Chuck Magro and other senior leaders transition to SpinCo, while internal talent like Jeff Rudolph and Brook Cunningham step into key New Corteva roles. A structured transition for Robert King, including a defined advisor period and incentive bonus, aims to preserve operational stability through separation.

From an investor perspective, the filing mainly reduces uncertainty around post-spin leadership and confirms timing remains targeted for the fourth quarter of 2026. The ultimate impact on performance will depend on execution of the separated strategies, details of which may be further discussed at the September 15 investor day at the New York Stock Exchange.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Luke Kissam base salary: $1,200,000 per year Short-term incentive target: 150% of base salary Annual long-term equity incentive: $7,500,000 target value +3 more

6 metrics

Luke Kissam base salary $1,200,000 per year Annual base salary under employment agreement dated April 10, 2026

Short-term incentive target 150% of base salary Annual bonus opportunity for each calendar year, prorated for 2026

Annual long-term equity incentive $7,500,000 target value Beginning in 2027, long-term equity awards for Luke Kissam

One-time 2026 equity award $3,750,000 target value Evenly split between performance stock units and restricted stock units

Relocation assistance cap $750,000 Maximum relocation assistance payable to Luke Kissam under the agreement

Robert King transition bonus $1,000,000 Transition incentive bonus subject to achievement of specified milestones

Key Terms

spin-off, performance stock units, restricted stock units, Change in Control and Executive Severance Plan, +2 more

6 terms

spin-off financial

"separate its seed business (“SpinCo”) from its remaining crop protection business (“New Corteva”) into two independent, publicly traded companies through a tax-free spin-off"

A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.

performance stock units financial

"For 2026, Mr. Kissam will receive a one-time equity award with a target grant date value of $3,750,000 evenly split between performance stock units and restricted stock units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

restricted stock units financial

"a one-time equity award with a target grant date value of $3,750,000 evenly split between performance stock units and restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Change in Control and Executive Severance Plan financial

"providing Mr. King eligibility for severance under the Company’s Change in Control and Executive Severance Plan incorporated herein by reference as Exhibit 10.2"

Regulation FD Disclosure regulatory

"The Company is furnishing the information under this item, including Exhibits 99.1, 99.2, and 99.3, pursuant to Item 7.01, “Regulation FD Disclosure”"

forward-looking statements regulatory

"This report contains certain forward-looking statements. Words such as “intend,” “will,” “may,” and “expect,” and variations of such words"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Understanding 8-K Material Events →

04/14/2026 - 08:35 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): April 14, 2026

Corteva, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-38710

82-4979096

(State or other jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

9330 Zionsville Road,

Indianapolis, Indiana 46268

974 Centre Road,

Wilmington, Delaware 19805

(Address of principal executive offices)(Zip Code)

(833) 267-8382

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	CTVA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Corteva, Inc. (the “Company”) previously announced on October 1, 2025 its intent to separate its seed business (“SpinCo”) from its remaining crop protection business (“New Corteva”) into two independent, publicly traded companies through a tax-free spin-off (the “spin-off). On April 14, 2026, Corteva, Inc. (the “Company”) announced in a series of press releases the initial executive leadership teams for SpinCo and New Corteva.

As of April 10, 2026, it has been determined that effective at the spin-off, the following named executive officers of the Company will resign from the Company and become employees and officers of SpinCo as outlined in the table below:


Named Executive Officer	Current Position with the Company	Expected Position with Spin-Off

Charles V. Magro	Chief Executive Officer	Chief Executive Officer

David P. Johnson	Executive Vice President, Chief Financial Officer	Chief Financial Officer

Samuel R. Eathington, Ph.D.	Executive Vice President, Chief Technology and Digital Officer	Chief Technology Officer

Judd M. O’Connor	Executive Vice President, Seed Business Unit	Chief Commercial and Operations Officer

On April 10, 2026, the Company’s board of directors appointed Luther (“Luke”) Kissam, age 61, the Chief Executive Officer of New Corteva effective at the spin-off. Prior to the spin-off, Mr. Kissam will join the Company June 1, 2026 as Chief Executive Officer of the Crop Protection Business Unit. Mr. Kissam most recently served as a Partner of Bernhard Capital Partners Management, LP, from January 2021 to September 2023 and Senior Advisor from September 2023 to July 2025. He previously served as President and CEO of Albemarle Corporation, a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts, from September 2011 until his retirement in June 2020. He was also elected to its board of directors in 2011 and served as Chairman of its board from 2016 to June 2020, remaining a board member until May 2021. Mr. Kissam joined Albemarle in 2003 as Vice President, General Counsel and Corporate Secretary and served as Senior Vice President, Manufacturing and Law, and Corporate Secretary from January 2008 until his promotion to President in March 2010. Prior to joining Albemarle, Mr. Kissam served as President, General Counsel and Secretary of Merisant company, a manufacturer of artificial sweeteners. Mr. Kissam has served as a director of OGE Energy Corp. since 2020 and Advanced Drainage Systems, Inc. since 2024. Mr. Kissam joined the DuPont de Nemours, Inc. board of directors in June 2019, but will resign on or before June 1, 2026 as a condition of his employment with the Company.

Mr. Kissam and the Company entered into an employment agreement dated April 10, 2026 set forth in Exhibit 10.1 and incorporated herein by reference. Under the employment agreement, Mr. Kissam will receive an annual base salary of $1,200,000. Mr. Kissam will also have an annual short-term incentive opportunity each calendar year equal to 150% of his annual base salary (prorated for his hire date) and beginning in 2027 a long-term equity incentive with a target grant date value of $7,500,000 on terms provided to other executive employees. For 2026, Mr. Kissam will receive a one-time equity award with a target grant date value of $3,750,000 evenly split between performance stock units and restricted stock units. Under the agreement, Mr. Kissam is entitled to relocation assistance not to exceed $750,000.

Additionally, the Company effective with the spin-off will appoint Jeff Rudolph, age 43, Chief Financial Officer. Mr. Rudolph has served as the Company’s Senior Vice President, Chief Strategy Officer since June 2025, where he is responsible for leading enterprise strategy, mergers and acquisitions, economic and competitive intelligence, sustainability strategy and strategic enablement. Mr. Rudolph has served the Company and its heritage companies for 14 years, including most recently as Vice President, Finance for the Crop Protection business beginning in June 2022, where he supported the development and execution of the Crop Protection operations strategy to drive cost competitiveness and Corteva’s biologicals acquisitions. Prior to that, Mr. Rudolph served as Vice President, Investor Relations from December 2021 through June 2022.

The Company also appointed effective with the spin-off, Brook Cunningham, age 45, Chief Commercial Officer and Ralph Ford, age 47, Chief Integrated Operations Officer. Since June 2025, Ms. Cunningham has served as a Senior Vice President and President of Corteva Asia-Pacific, where she leads a commercial business spanning 17 countries. Prior to that Ms. Cunningham served as the Company’s Senior Vice President, Chief Strategy Officer since joining the Company in December 2022, where she led enterprise strategy, mergers and acquisitions, economic and competitive intelligence, sustainability strategy and strategic enablement. Prior to joining the Company, Ms. Cunningham spent over 12 years at the investment banking division of Lazard, Inc., most recently

as Managing Director and Head of Global Agribusiness and Nutrition from February 2017 to December 2022. Mr. Ford joined the Company in January 2023 as Vice President, Operations for Crop Protection and in April 2024 became Vice President, Integration Operations for Crop Protection. Prior to joining the Company, Mr. Ford spent over 17 years at Celanese Corporation in various global manufacturing and operational leadership roles, including most recently roles in Germany as Senior Director, Operations for Mergers & Acquisitions from June 2022 to January 2023 and as Senior Operations Director from January 2022 through June 2022.

As of April 10, 2026, Robert D. King, currently the Executive Vice President, Crop Protection Business Unit will transition to a strategic advisor role to Mr. Kissam effective July 1, 2026, to support a smooth management transition through the spin-off. To support this transition, Mr. King will continue with the Company through the 2026 year-end and will be eligible for a $1 million transition incentive bonus subject to the achievement of certain milestones established for this transition. The elimination of the Executive Vice President, Crop Protection Business Unit role is a qualifying termination event providing Mr. King eligibility for severance under the Company’s Change in Control and Executive Severance Plan incorporated herein by reference as Exhibit 10.2.

Cautionary Statement on Forward-Looking Statements

This report contains certain forward-looking statements. Words such as “intend,” “will,” “may,” and “expect,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, the Company’s intent to separate and its related expectations for New Corteva and SpinCo. These forward-looking statements reflect management’s current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond the Company’s control.

Important factors that may affect the Company’s business and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, whether the objectives of the spin-off will be achieved; the terms, structure, benefits and costs of any action or transaction resulting from the spin-off; the timing of any such spin-off or related action and whether any such spin-off will be consummated at all; the risk that the announcement of the intended spin-off could have an adverse effect on the ability of the Company to retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships and on its operating results and business generally; the risk the spin-off could divert the attention and time of the Company’s management; the risk of any unexpected costs or expenses resulting from the spin-off process or spin-off itself; and the risk of any litigation relating to the spin-off, as well as the risks and uncertainties described in the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission. The Company disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this report, except as required by applicable law or regulation.

Item 7.01

Regulation FD Disclosure

The Company issued three news releases on April 14, 2026, announcing the chief executive officer of New Corteva and the new executive leadership teams for New Corteva and SpinCo. Copies of these news releases are furnished as Exhibits 99.1, 99.2, and 99.3. The Company is furnishing the information under this item, including Exhibits 99.1, 99.2, and 99.3, pursuant to Item 7.01, “Regulation FD Disclosure”.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits.


10.1		Employment Agreement between Corteva, Inc. and Luke Kissam, dated April 10, 2026

10.2		Corteva, Inc. Change in Control and Severance Plan (incorporated by reference to Exhibit 10.2 to Corteva’s Current Report on Form 8-K (Commission file number 001-38710), filed on October 28, 2021)

99.1		Press Release dated April 14, 2026, announcing the new chief executive officer of New Corteva

99.2		Press Release dated April 14, 2026, announcing the new executive leadership team of New Corteva

99.3		Press Release dated April 14, 2026, announcing the new executive leadership team of SpinCo

104		The cover page from the Company’ Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CORTEVA, INC.

(Registrant)

/s/ Jennifer A. Johnson

Jennifer A. Johnson

Senior Vice President, Chief Legal and Public Affairs Officer, and Company Secretary

April 14, 2026

Exhibit 99.1

Corteva Announces CEO of its Future Crop Protection Company

Luke Kissam, former Chairman, President and CEO of Albemarle, joins company on June 1

Indianapolis, Ind., April 14, 2026 – Corteva Inc. (NYSE: CTVA) announced today that its Board of Directors has named Luther (“Luke”) Kissam the chief executive officer of “New Corteva,” the future publicly-traded, differentiated crop protection company resulting from the current company’s planned separation in the fourth quarter of 2026.

New Corteva will be innovation-driven in both its product portfolio and its operating model, leveraging its technological leadership to deliver for farmers while also running an asset-light, efficient business. The company intends to make targeted investments to support growth and leverage its first-mover advantage in nature-inspired technologies to pursue opportunities promising attractive returns in markets that reward differentiation.

Luke will join Corteva on June 1 as CEO of its crop protection business, becoming CEO of the new, public company at separation, which is on track for the fourth quarter of 2026.

“Over the past several months, we have conducted a comprehensive search and assessment of many strong candidates, and we appointed Luke because it is clear that he is the right leader to continue to strengthen New Corteva’s position as a global market leader in the dynamic, competitive crop protection industry,” said Corteva Chair Greg Page. “Luke’s track record of propelling public companies towards sustained, innovation-led growth and integrated, market-focused solutions will serve farmers, customers and shareholders equally well.”

Luke brings to the role extensive experience in specialty chemicals as well as agriculture: he previously served as chairman, president and CEO of Albemarle Corporation, a global specialty chemicals leader, until his retirement from the company in June 2020. Luke joined Albemarle in 2003 as vice president, general counsel and corporate secretary and served as senior vice president, manufacturing and law, and corporate secretary from 2008 until his promotion to president in 2010.

Prior to joining Albemarle, Luke served as vice president, general counsel and secretary of Merisant Company, having previously served as associate general counsel at Monsanto. His most recent role was senior advisor at Bernhard Capital Partners Management.

“New Corteva will have every ingredient it needs to continue its upward trajectory: a talented leadership team, knowledgeable, passionate employees and loyal customers who understand the difference innovation creates – on their fields and for their bottom line. I am excited to take the helm of a company poised for such transformational success,” said Kissam.

He continued, “I grew up in a farming community, and that’s where I feel most at home. I also value the critical role agriculture plays in our economy and our society. For all these reasons, it’s a pleasure to rejoin an industry delivering solutions to help farmers grow more food – and fuel – to power our growing world.”

Members of New Corteva executive leadership will be hosting an investor day on September 15 at the New York Stock Exchange; details on attendance and participation will be shared in the coming weeks.

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.

Cautionary Statement on Forward-Looking Statements

This press release contains certain forward-looking statements. Words such as “intend,” “will,” “plan,” “may,” “expect,” “see,” and “evaluate” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, Corteva’s intent to separate and its related expectations for New Corteva and SpinCo. These forward-looking statements reflect management’s current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Corteva’s control.

any unexpected costs or expenses resulting from the separation process or separation itself; and the risk of any litigation relating to the separation, as well as the risks and uncertainties described in Corteva’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission. Corteva disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

Exhibit 99.2

Corteva Announces Executive Leadership Team of its

Future Crop Protection Company

Indianapolis, Ind., April 14, 2026 – Corteva Inc. (NYSE: CTVA) announced today the executive leadership team that will lead “New Corteva,” the publicly-traded, differentiated crop protection company resulting from the current company’s planned separation in the fourth quarter of 2026. This follows an earlier announcement naming Luke Kissam, former Albemarle Chairman, President and CEO, as the New Corteva CEO. Luke will join the current company on June 1.

“The business that will become Corteva after separation, later this year, will lead a critical industry from a position of strength,” said Corteva Chair Greg Page, who will also chair New Corteva after separation. “I look forward to working with each of these leaders to drive the new, focused company to even greater heights.”

“New Corteva’s success will be anchored in innovation and sustainability, coupled with a laser focus on enterprise-wide operational excellence, and this team is the right team to help realize its bright future,” said Corteva CEO Chuck Magro. “It is an exciting time for the company, its leaders and their future teams.”

The New Corteva executive leadership team will also assume their roles at separation, which is on track for the fourth quarter of 2026. As follows:

•

Jeff Rudolph will be the company’s chief financial officer.

•

Brook Cunningham will be chief commercial officer.

•

Ralph Ford will be chief integrated operations officer.

•

Reza Rasoulpour will be chief technology officer.

•

Jim Alcombright will be chief digital and information officer.

•

The roles of chief legal officer and chief people officer are open, with internal and external searches underway to fill them.

Robert King, current executive vice president of the Corteva Crop Protection business unit, will, effective July 1, become a strategic advisor to the incoming New Corteva CEO, ensuring a smooth transition through separation for the entire leadership team. Robert will remain on the current Corteva ELT until separation, and after separation, serve on the New Corteva ELT until the end of 2026, after which time he has elected to leave the company to pursue other leadership opportunities.

“I want to thank Robert for his invaluable leadership over the past few years, during which time we solidified our global leadership position in Biologicals, launched more than a thousand products to help farmers protect their yields and delivered financial performance that consistently outperformed the industry,” said Magro. “We wish him the very best in his next chapter.”

Members of New Corteva executive leadership will be hosting an investor day on September 15 at the New York Stock Exchange; details on attendance and participation will be shared in the coming weeks.

About Corteva

Cautionary Statement on Forward-Looking Statements

Important factors that may affect Corteva’s business and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, whether the objectives of the separation will be achieved; the terms, structure, benefits and costs of any action or transaction resulting from the separation; the timing of any such separation or related action and whether any such separation will be consummated at all; the risk that the announcement of the intended separation could have an adverse effect on the ability of Corteva to retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships and on its operating results and business generally; the risk the separation could divert the attention and time of the company’s management; the risk of any unexpected costs or expenses resulting from the separation process or separation itself; and the risk of any litigation relating to the separation, as well as the risks and uncertainties described in Corteva’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission. Corteva disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

Exhibit 99.3

Corteva Announces Executive Leadership Team of its Future

Advanced Seed and Genetics Company

Indianapolis, Ind., April 14, 2026 – Corteva Inc. (NYSE: CTVA) announced today the executive leadership team that will lead “SpinCo,” the publicly-traded, advanced seed and genetics company resulting from the current company’s planned separation in the fourth quarter of 2026.

The SpinCo innovation engine will be anchored in the agriculture industry’s most elite germplasm and transformative biotech. The company will leverage its next generation scientific expertise in disciplines like gene editing and molecular breeding to further strengthen its core business while exploring opportunities to expand to new row crops – and potentially beyond. SpinCo will scale these innovations using its leading routes-to-market and by significantly expanding its licensing business.

“I have every confidence that this new leadership team comprises a team that will deliver durable growth to drive our new company’s success,” said Corteva CEO Chuck Magro, who will become the SpinCo CEO at separation. “And that success will be anchored in innovation that helps farmers grow more food – and fuel – underpinned by sustained investment in advanced technology, expanding our opportunity for impact, potentially even beyond row crops.”

The SpinCo executive leadership team will assume their roles at separation, which is on track for the fourth quarter of 2026. As follows:

•

David Johnson will be SpinCo chief financial officer.

•

Judd O’Connor will be chief commercial and operations officer.

•

Sam Eathington will be chief technology officer.

•

Audrey Grimm will be chief people officer.

•

Brian Lutz will be chief digital and information officer.

•

Jennifer Johnson will be chief legal officer.

Members of the SpinCo executive leadership will be hosting an investor day on September 15 at the New York Stock Exchange; details on attendance and participation will be shared in the coming weeks, as will the name and brand of the new company.

About Corteva

Cautionary Statement on Forward-Looking Statements

Source: View Original Filing on SEC EDGAR

FAQ

What corporate separation is Corteva (CTVA) planning and when is it targeted?

Corteva plans to separate into two independent, publicly traded companies in the fourth quarter of 2026. One will be a differentiated crop protection company called “New Corteva,” and the other an advanced seed and genetics company referred to as “SpinCo,” both focused on agricultural innovation.

Who will lead New Corteva after the Corteva (CTVA) spin-off?

Luther (“Luke”) Kissam will become chief executive officer of New Corteva at separation. He will first join Corteva on June 1, 2026 as CEO of the Crop Protection Business Unit, bringing prior experience as chairman, president and CEO of Albemarle Corporation and senior roles in agriculture-related businesses.

Which current Corteva (CTVA) executives are moving to SpinCo after the separation?

At the spin-off, current CEO Chuck Magro, CFO David Johnson, Chief Technology and Digital Officer Samuel Eathington and Seed Business leader Judd O’Connor will resign from Corteva and become executives of SpinCo. Their expected roles include chief executive officer, chief financial officer, chief technology officer and chief commercial and operations officer, respectively.

What compensation terms did Corteva (CTVA) disclose for Luke Kissam?

Luke Kissam’s employment agreement includes a $1,200,000 annual base salary and an annual short-term incentive target equal to 150% of salary. Beginning in 2027, he will receive long-term equity awards targeted at $7,500,000 annually, plus a one-time 2026 equity grant of $3,750,000 and relocation assistance up to $750,000.

Who are the other key executives named for New Corteva in the Corteva (CTVA) filing?

Effective with the spin-off, Jeff Rudolph will become Chief Financial Officer, Brook Cunningham will serve as Chief Commercial Officer and Ralph Ford will become Chief Integrated Operations Officer. Each currently holds senior roles within Corteva, including strategy, regional leadership and operations positions supporting the crop protection business.

What transition arrangements were disclosed for Robert King at Corteva (CTVA)?

Robert King, currently Executive Vice President of the Crop Protection Business Unit, will become a strategic advisor to Luke Kissam on July 1, 2026. He will remain through year-end 2026, is eligible for a $1 million transition incentive bonus based on milestones, and qualifies for severance as his EVP role is eliminated.

Corteva (NYSE: CTVA) names New Corteva CEO and SpinCo executive teams ahead of 2026 split

Rhea-AI Filing Summary

Positive

Negative