Chemours places CEO, CFO on leave pending investigation.

Chemours Co., a chemical company based in Delaware, has placed its CEO and two other top executives on administrative leave pending an investigation into ethics and financial matters. The investigation is being overseen by the board's audit committee with the assistance of independent outside counsel. As a result of the investigation, Chemours is evaluating potential material weaknesses in its internal control over financial reporting. The company has appointed interim CEO and CFO while it completes its year-end reporting process and internal review. Chemours' stock price has dropped significantly following the news. [Extracted from the article]