Chemicals Maker Incitec Pivot Says CEO to Exit Amid Pressure (2)

Chemicals producer Incitec Pivot Ltd. confirmed Chief Executive Officer Jeanne Johns will step down, a move that follows investor pressure over the company’s strategy and performance.

Chief Financial Officer Paul Victor was appointed as interim CEO while the board carries out a search for a permanent replacement for Johns, who has held the post since late 2017, the Melbourne-based company said Tuesday in a statement.

Incitec Pivot outlined a proposal in May last year to spin off its fertilizer unit and focus the existing company on its Dyno Nobel business — one of the world’s top suppliers of explosives ...