Corteva Names Vylor as Seed Spinoff, Sets Board Lineups for Split
The agricultural sciences company assigned formal names and leadership teams to both entities ahead of a planned fourth-quarter separation.
Corteva Inc. (CTVA) on Monday named its planned seed-and-genetics spinoff Vylor Inc. and unveiled the board compositions for both it and the remaining crop-protection business, advancing a corporate split slated for the fourth quarter of 2026.
The announcement formalized what had been referred to internally as "SpinCo" since the separation was first disclosed in October 2025. Vylor will house the larger share of Corteva's current revenue, with estimated 2025 net sales of $9.9 billion, or 56 percent of the combined company's total, while the rebranded New Corteva crop-protection unit is projected at $7.8 billion.
Karen Grimes will serve as independent chair of Vylor's seven-person board, which also includes current Corteva Chief Executive Chuck Magro, who is slated to lead the seed company after the split. The board search continues for at least one additional member.
New Corteva's nine-person board will be chaired by Greg Page, with Luke Kissam appointed effective at separation. Grimes, Marcos Lutz, Magro and Kerry Preete will move to Vylor's board rather than remaining with the crop-protection entity.
The two companies have also filled out their executive ranks. New Corteva named Jeff Rudolph as chief financial officer, Brook Cunningham as chief commercial officer, Ralph Ford as chief integrated operations officer, Reza Rasoulpour as chief technology officer and Jim Alcombright as chief digital and information officer, though chief legal officer and chief people officer roles remain open. Vylor's leadership slate includes David Johnson as CFO, Judd O'Connor as chief commercial and operations officer, Sam Eathington as CTO, Audrey Grimm as chief people officer, Brian Lutz as chief digital and information officer and Jennifer Johnson as chief legal officer.
Robert King, currently executive vice president of Corteva Crop Protection, will transition to strategic advisor to the incoming New Corteva CEO on July 1 and depart the company after the separation is complete. Jennifer Johnson was appointed chief legal officer of Corteva in September 2025, succeeding Cornel Fuerer, who moved into a strategic advisory role ahead of retirement.
Both leadership teams are scheduled to present at an investor day on September 15 at the New York Stock Exchange. The separation remains on track for the fourth quarter, consistent with guidance issued when the split was first announced.