Corteva, Inc. announced that Marcos Lutz, chief executive officer of Cosan Limited, has been elected to Corteva's Board of Directors, effective June 25, 2019. He will serve on the Audit and People and Compensation committees of the Board.
Greg Page, Non-Executive Chairman of Corteva and retired chairman and CEO of Cargill, Inc., said, "As we've built the Corteva Board, we've brought together a powerful team of experienced leaders with diverse expertise in strategic areas of focus. These individuals are experts in their respective fields - and have proven track records for delivering on disciplined growth strategies." Page continued, "Marcos Lutz brings deep expertise in an important regional market for Corteva - rounding out our Board and positioning it well to support the Company as it accelerates plans for long-term growth."
"The completion of our Board of Directors is a critical next step for Corteva. With the addition of Marcos Lutz, we have put in place a strong Board of Directors - tested leaders with a shared focus on building a leading pure-play agriculture company." said James C. Collins, Jr., Corteva Agriscience Chief Executive Officer.
Biography of New Director
Marcos Lutz is CEO and director of Cosan Limited, a Brazil-based holding company that operates in strategic sectors including agribusiness, fuel and natural gas distribution, lubricants and logistics. Mr. Lutz was appointed CEO in April 2015 and has served as a director of Cosan Limited since December 2009. Prior to joining Cosan, he held senior leadership roles at Companhia Siderurgica Nacional (CSN) SA, most recently serving as vice president of infrastructure and energy with responsibility for the company's hydroelectric plants, logistics, railways and port terminals. Prior to that, he was the chief operating officer, for Ultracargo S.A., Ultra Group's logistics subsidiary. Mr. Lutz previously served as a director at Monsanto Company from May 2014 to June 2018.
In addition to Mr. Page and Mr. Lutz, Corteva's Board of Directors includes: Jim Collins, CEO of Corteva Agriscience; Edward D. Breen, Executive Chairman of DuPont de Nemours, Inc.; Lamberto Andreotti, former Chairman and CEO of Bristol-Myers Squibb; Robert A. Brown, President of Boston University; Klaus Engel, former CEO of Evonik Industries AG; Michael O. Johanns, retired U.S. Senator and former U.S. Secretary of Agriculture; Lois D. Juliber, former Vice Chairman and Chief Operating Officer of Colgate-Palmolive Company; Rebecca B. Liebert, Senior Vice President, automotive coatings at PPG; Lee M. Thomas, former Chairman and CEO of Rayonier Inc.; and Patrick J. Ward, former CFO of Cummins Inc.