Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
These steps are part of DuPont's transformation to a higher growth, less cyclical company that integrates its unique scientific capabilities in biology, chemistry and materials to develop differentiated, high-value solutions in the attractive agriculture and nutrition, industrial biosciences and advanced materials markets worldwide.
To accelerate the execution of its applied integrated science strategy across its businesses, James C. Collins, Jr., who currently leads the Industrial Biosciences business, will become senior vice president, reporting to DuPont Chair and CEO Ellen Kullman, and will oversee the Industrial Biosciences, Performance Polymers and Packaging & Industrial Polymers businesses.
Collins will accelerate the integration of DuPont's rapidly growing and leading industrial biotechnology into its wide-ranging advanced materials businesses, as demand for renewably sourced materials expands steadily. A 29-year veteran of DuPont, Collins led the Danisco acquisition integration team before assuming his current role.
In addition, Matthew L. Trerotola will rejoin DuPont and report to Kullman as senior vice president with responsibility for the Protection Technologies, Building Innovations, and Sustainable Solutions businesses.
He will be accountable for driving improved execution and accelerate growth in these businesses. A previous DuPont corporate officer, Trerotola is familiar with DuPont's strong brands including DuPont Kevlar, Tyvek and Nomex. Most recently, he was vice president and group executive of life sciences for the Danaher Corporation.
DuPont's consideration of strategic alternatives for its Performance Chemical segment may include a full or partial separation of each of these businesses from the company through a spin-off, sale or other transaction. The segment includes Titanium Technologies and Chemicals & Fluoroproducts businesses which generated total sales of $7.2 billion in 2012. DuPont may pursue a different strategic alternative for each business.
DuPont's decision to explore strategic alternatives for its Performance Chemicals businesses reflects its ongoing portfolio review to determine how best integrated science can contribute to growth and the optimal mix of businesses for maximizing shareholder value. This follows DuPont's sale of its Performance Coatings business earlier this year and the acquisition of Danisco in 2011.
"As we discussed at our Investors Day in May, we have been carefully weighing the strong cash generation of our Performance Chemicals businesses against their cyclicality and lower growth profile, as well as where the power of DuPont's integrated science can be differentiated," said Kullman. "We are evaluating options for our Performance Chemicals businesses as part of our ongoing plan to deliver higher growth and greater value creation for our shareholders."
| On 24th Oct 2020
Cambodian factories receiving the full package of services by Better...
Nearly a third of Bangladeshi garment workers suffered loss of...
| On 24th Oct 2020
Ralph Lauren, which designs and markets premium lifestyle products,...
Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd
Productivity, creativity and innovation play a vital role in the growth of ...
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
GST has levelled the playing field to an extent
A consolidated reality in Italy and internationally, IMA Spa is well-known ...
Sandip Bhojani, Manthan Patel
Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....
Jiangsu New Victor is a Chinese mechanical equipment manufacturing...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
The Lenzing Group is an international company headquartered in Austria...
Hemant & Nandita
Hemant & Nandita
The designer duo of Hemant & Nandita are known for being inspired by...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Label Sneha Arora
Sneha Arora, an alumnus of National Institute of Fashion Technology,...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.