Mergers & Acquisitions ·
Tessenderlo Group appoints CEO Luc Tack to FMC board after $403M stake purchase
FMCFmc Corp
FMC Corporation appointed Luc Tack, the Investor’s nominee, as a director effective October 21, 2026. This action fulfills an obligation under an Investor Agreement entered into at the closing of a Stock Purchase Agreement on September 23, 2026. Under that agreement, Tessenderlo Group NV purchased 30,319,166 shares of FMC common stock for $403.2 million at $13.30 per share. The Board size increased from nine to ten directors to accommodate the vacancy. Mr. Tack serves as CEO of Tessenderlo and will receive standard non-employee director compensation in cash rather than restricted stock units due to ownership restrictions. FMC Corporation operates in the agricultural sciences industry, developing crop protection products.