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AI brief of an SEC Form 8-K · Corteva (CTVA)

Corteva names Luke Kissam CEO of New Corteva; leadership set for Q4 2026 spin-off

Neutral Impact 4 of 5 leadership Written later

Corteva named Luke Kissam, former Albemarle chairman, president and CEO, as CEO of New Corteva, the crop protection company that will separate from its seed business, SpinCo, in the fourth quarter of 2026. Kissam joins the company June 1, 2026, and Chief Executive Chuck Magro will become SpinCo CEO at separation, with new executive teams named for both companies. The filing discloses no financial results; the changes set the leadership structure for the planned separation.

Key points

  • Luke Kissam, 61, joins June 1, 2026 as CEO of the Crop Protection Business Unit and becomes New Corteva CEO at separation.
  • Kissam's employment agreement sets a $1.2 million annual base salary, a 150% short-term incentive target, and a one-time 2026 equity award with a $3.75 million target grant date value.
  • Jeff Rudolph is named New Corteva CFO; David Johnson becomes SpinCo CFO; Magro becomes SpinCo CEO.
  • Robert King, Executive Vice President of Crop Protection, becomes a strategic advisor July 1, 2026, and leaves after 2026 year-end, eligible for a $1 million transition bonus.

The filing

CompanyCorteva (CTVA)
Form8-K, current report
Filed with the SECApr 14, 2026, 8:35 AM ET
Accession number0001193125-26-153947

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 14, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.