Corteva Inc., which is based in Indianapolis, has officially announced plans to split its seed and pesticide businesses into two independent, publicly traded companies. Upon separation, current Corteva Chair Greg Page will become Chair of “New Corteva”; current Corteva CEO Chuck Magro will become CEO of “SpinCo.” The company says it will announce the full board and management teams of both companies at a later date. As a result, Corteva has become the clear industry leader, with market-leading positions in both crop protection and seed. Meanwhile, the New Corteva part of the company had estimated revenue of $7.8 billion in 2025, representing 44% of revenue for Corteva. Corteva says their company sells seeds for more than 100 crops and has more than 400 seed and crop protection products.