Chemours Appoints Michael Foley as President of Titanium Technologies; Damián Gumpel to Depart
The Chemours Company (NYSE: CC), a leading global chemistry company with strong positions in Thermal & Specialized Solutions, Titanium Technologies (TT), and Advanced Performance Materials, today announced that Michael Foley will join Chemours as President of Titanium Technologies, effective February 2026. Foley succeeds Damián Gumpel, who will be departing the company.
Chemours expressed its gratitude to Mr. Gumpel for his contributions and wished him success in his future endeavors. Denise Dignam, Chemours President and CEO, will provide leadership support during the transition to ensure continuity and progress on TT’s transformation initiatives. This leadership change aligns with Chemours’ ongoing commitment to advancing its value-based TT business strategy.
Michael Foley brings extensive experience in the chemical industry, with a strong record of strategic transformation and operational leadership. Most recently, he served as President & General Manager of the Formulated Specialties Business at Momentive Performance Materials, managing a $1 billion portfolio across five business units, eight manufacturing sites, and 2,000 employees worldwide. Foley’s career includes significant achievements in portfolio optimization, organizational restructuring, and operational excellence at Momentive, along with leadership roles at General Electric, where he gained recognition for expertise in Lean and Six Sigma methodologies. He holds a Bachelor of Science in Environmental Engineering and an MBA from Rensselaer Polytechnic Institute.
Denise Dignam commented, “We are excited to welcome Michael Foley to Chemours as President of Titanium Technologies. His proven track record in strategic transformation and operational leadership will be invaluable as we continue advancing our TT business and delivering value for our customers, partners, and shareholders.”
Michael Foley added, “I look forward to joining Chemours and leading the Titanium Technologies team. TT has a strong foundation and a clear strategy to deliver value. I am eager to collaborate with this talented team to drive innovation, strengthen partnerships, and create sustainable value for all stakeholders.”
Chemours Titanium Technologies is among the world’s largest manufacturers of titanium dioxide (TiO₂), serving global markets in coatings, laminates, and plastics. The business remains focused on delivering strong results and executing its Pathway to Thrive strategy.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries.
Forward-Looking Statements
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties and reflect Chemours’ current expectations about future events based on certain assumptions. Forward-looking statements include any information not strictly historical or current fact and are often identified by words such as “believe,” “expect,” “will,” “anticipate,” “plan,” “estimate,” “target,” “project,” and similar expressions.
Such statements may address, among other things, the advancement of Chemours’ growth strategy, the impact of leadership and expertise on the company’s performance, and other strategic initiatives. Actual results could differ materially from those expressed or implied due to substantial risks and uncertainties. Forward-looking statements are not guarantees of future performance and rely on assumptions about future events that may prove inaccurate or unrealized.
These statements are subject to risks beyond Chemours’ control, including general economic and geopolitical conditions, global health events, labor disruptions, supply chain interruptions, changes in customer demand, impacts on business partners, and the health and welfare of employees. Unforeseen events may also adversely affect Chemours’ operations, performance, and ability to provide goods and services. Forward-looking statements speak only as of the date they are made.
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