A 220-year-old American corporate powerhouse is breaking up.
https://www.cnn.com/2024/05/22/business/dupont-de-nemours-company-split/index.html
by BikkaZz
A 220-year-old American corporate powerhouse is breaking up.
https://www.cnn.com/2024/05/22/business/dupont-de-nemours-company-split/index.html
by BikkaZz
1 comment
“DuPont de Nemours, the American multinational chemical company that traces its history back to 1802, announced plans to split into three publicly traded companies on Wednesday.
The announcement also included a shakeup in leadership: Effective June 1, DuPont’s chief financial officer, Lori Koch, will step into the CEO role. DuPont’s current CEO, Ed Breen, will stay on as executive chairman. Koch will remain CEO of the new, slimmed-down DuPont once the spin-offs are complete, according to the company.
The three-way separation will unlock incremental value for shareholders and customers and also create new opportunities for employees,” he said. “Critically, each company will have greater flexibility to pursue their own focused growth strategies, including portfolio enhancing M&A (mergers and acquisitions).”
In the last several years, major American companies like J&J, Kellogg and General Electric announced company break-ups and
spin-offs, signaling a preference for smaller, more nimble companies over the conglomerates that gained prominence in previous
decades.”