Corteva, Inc. (NYSE: CTVA) announced today that David Johnson has been appointed as the new Executive Vice President and Chief Financial Officer (CFO), effective September 16, 2024. Johnson will be based at Corteva’s headquarters in Indianapolis and joins from Atkore, a publicly traded leader in electrical, safety, and infrastructure solutions, where he also served as CFO. He succeeds Dave Anderson, the current EVP and CFO, who will serve as a Strategic Advisor to the CEO until his retirement in the first quarter of 2025 to ensure a seamless transition.
Corteva CEO Chuck Magro stated, “David is an accomplished CFO with a proven track record of delivering strong results, operational efficiency, and financial discipline to large, global organizations. The Board and I are delighted to have David join our management team to continue driving profitable growth for our shareholders and groundbreaking technology for our customers.”
At Atkore, Johnson oversaw all financial and information technology activities. During his six-year tenure, the business transformed into a leading electrical products company through acquisitions and organic growth investments. Prior to Atkore, Johnson spent 29 years at Eaton Corporation, most recently as Vice President, Finance and Operations for its Electrical Sector business. With over three decades of experience in strategic and financial planning, risk assessment, mergers and acquisitions, global tax strategies, international operations, and internal controls, Johnson is well-equipped for his new role.
“I could not be more excited to join Corteva, a leader in one of the world’s most dynamic and competitive industries. I look forward to working with the Board, Chuck, and the management team – and alongside farmers and customers – to help propel this company into its next phase,” said Johnson.
Outgoing CFO Dave Anderson remarked, “Corteva’s financial strength continues to improve, with significant margin expansion and nearly $4 billion returned to shareholders over the past three years. The company is well-positioned to continue delivering value and growth through its world-class innovation. I am pleased to hand over the financial reins to David Johnson, an experienced and proven CFO.”
Magro added, “On behalf of the Board and the management team, I want to thank Dave Anderson for his dedicated service, invaluable guidance, expertise, and numerous contributions. We wish him the very best in retirement.
