FMC names Goldman Sachs exec. EVP and CFO

FMC names Goldman Sachs partner and managing director Graves its new CFO

Associated Press

PHILADELPHIA (AP) -- Diversified chemical company FMC Corp. said Monday that it named Paul Graves, a partner and managing director at Goldman Sachs Group, executive vice president and chief financial officer. 

Graves joined Goldman Sachs' investment banking division in 2000 and became a partner in 2008. He succeeds Kim Foster, who will retire at the end of the year, the company said. 

The Philadelphia-based company also named Mark Douglas president of its agricultural products group. He succeeds Milton Steele, who will retire early next year.

Douglas joined FMC in 2010 as vice president of global services and international development and most recently was president of its industrial chemicals group. He will be replaced by Ed Flynn, a 31-year veteran of the company.

The appointments of both Graves and Douglas are effective Oct. 1.

FMC shares fell 19 cents to $58.36 in afternoon trading.

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