Chemours said an internal review into the actions of senior managers alleged to have engaged in accounting misconduct uncovered violations of the chemicals company’s code of ethics regarding the promotion of full, fair, accurate, timely, and understandable disclosure.
The company’s update, provided in a press release Wednesday, followed its announcement last week that its Chief Executive Mark Newman; Senior Vice President and Chief Financial Officer Jonathan Lock; and Vice President, Controller and Principal Accounting Officer Camela Wisel were all placed on leave pending completion of the review.
