Wilmington, Delaware, USA
August 13, 2009
 DuPont
CEO Ellen Kullman today announced actions supporting the
company’s commitments to customers, sustainable growth, and
delivering revenue and earnings growth through market-driven
science.
The company will sharply focus its innovation engines on four
emerging trends to meet the increasing demand for food; protect
people and the environment; decrease dependence on fossil fuels;
and capitalize on the growth of emerging markets. In addition,
DuPont will strengthen its alignment with customers and markets;
drive disciplined scientific innovation directly from market
needs; increase transparency and accountability for results with
a simplified organization; and continue its intense focus on
productivity. In support of the renewed focus, the company also
announced several leadership appointments.
“DuPont’s leadership in market-driven science uniquely positions
the company to capitalize on four global trends that will define
the coming decades. The actions we are taking today will give
our organization the focus and responsiveness it needs to
deliver sustainable customer solutions to the demands created by
those trends,” Kullman said.
“The people of DuPont successfully managed through the
extraordinary economic conditions of the past year and delivered
on our commitments for the first half of 2009,” Kullman added.
“DuPont will meet the economic recovery as a stronger, faster
and more agile global competitor. We will accomplish this by
driving responsibility and accountability ever-closer to our
customers and regions, providing greater transparency to our
progress and results, streamlining our organization, and
maintaining an intense focus on productivity.”
Streamlined Organization
Key components of DuPont’s more streamlined organization
include:
- Eliminating the five group
vice president positions and existing support structure
associated with the platforms that house DuPont’s
businesses;
- Consolidating the
company’s 23 businesses into 14, each with clear
accountability for profit-and-loss and cash management and a
direct reporting line to the company’s senior leadership
team;
- Streamlining the 14
businesses to drive decision-making closer to customers by
increasing regional business responsibility and
accountability.
Leadership Appointments
Effective Oct. 1, the following
senior leaders and assignments are part of the organizational
alignment:
- Thomas M. Connelly,
Jr., executive vice president and chief innovation
officer, will be responsible for the Applied
BioSciences, Nutrition & Health, Performance Polymers,
and Packaging & Industrial Polymers businesses. He will
continue to lead science and technology and the
geographic regions outside the United States. In
addition, Connelly will lead the integration of the
sourcing and logistics and operations functions to
capture potential productivity available from end-to-end
process improvements.
-
James C. Borel, group vice president – DuPont
Agriculture, is named executive vice president. He will
be responsible for the company’s Pioneer Hi-Bred and
Crop Protection businesses. Borel will focus on
strengthening and growing the company’s production
agriculture businesses globally.
- Mark P. Vergnano,
group vice president – DuPont Safety & Protection, is
named executive vice president. He will be responsible
for the Building Innovations, Protection Technologies,
Safety Resources, Electronics & Communications, Chemical
Solutions, Fluoroproducts, and Titanium Technologies
businesses. He also will lead the company’s
sustainability, safety, communications, and sales and
marketing functions.
- Jeffrey L. Keefer,
executive vice president and chief financial officer
(CFO), will move to a new role with responsibility for
the Performance Coatings business, corporate strategy
development process, and overall cost and working
capital productivity efforts. He will continue as CFO
until Oct. 31 to ensure a smooth transition to the new
CFO.
- Nicholas C.
Fanandakis, group vice president – Applied
BioSciences, will begin to transition Sept. 1 and become
CFO effective Nov. 1. Fanandakis has served in a range
of financial and business leadership positions during
his 30-year career at DuPont.
- Richard R.
Goodmanson, chief operating officer, will pursue his
plans to retire, effective Sept. 30.
- Jeffrey A. Coe,
senior vice president – Sourcing & Logistics, is named
senior vice president – Integrated Operations &
Engineering effective Sept. 1 following the retirement
of Mathieu Vrijsen.
The company announced the following presidents will lead
its 14 businesses, effective Oct. 1:
-
Pioneer Hi-Bred – Paul E. Schickler
-
Crop Protection – James C. Collins
- Nutrition & Health
– Craig F. Binetti
- Electronics &
Communications – David B. Miller
- Performance
Coatings - Terry Caloghiris
- Performance
Polymers - Diane H. Gulyas
- Packaging &
Industrial Polymers – William J. Harvey
- Protection
Technologies – Thomas G. Powell
- Building
Innovations - Thomas F. Schuler
- Safety Resources -
James R. Weigand
- Chemical Solutions
- Gary W. Spitzer
- Fluoroproducts -
Cynthia C. Green
- Titanium
Technologies - Richard C. Olson
- Applied
BioSciences – Craig F. Binetti (effective Sept. 1.)
"Our new leadership team consists
of people who have demonstrated a sharp focus on increasing the
value we provide customers and the speed with which we execute,”
Kullman said. “Together, we are eager to capture our
opportunities for sustainable and profitable growth, enhance our
speed and accountability, and extend DuPont's legacy of
market-driven innovation."
Greater Transparency
Effective Oct. 1, the company will redefine its external
financial reporting to the following aggregated segments:
Agriculture & Nutrition (Pioneer Hi-Bred, Crop Protection,
Nutrition & Health) Electronics & Communications Performance
Coatings Performance Materials (Performance Polymers and
Packaging & Industrial Polymers) Safety & Protection (Protection
Technologies, Building Innovations, Safety Resources)
Performance Chemicals (Chemical Solutions, Fluoroproducts,
Titanium Technologies) Pharmaceuticals.
A new streamlined organization
and leadership appointments
To help DuPont meet the economic recovery as a stronger, faster
and more agile global competitor, DuPont announced several
changes yesterday:
Streamlined Organization
Key components of DuPont’s more streamlined organization
include:
- Eliminating
the five group vice president positions and
existing support structure associated with the
platforms that house DuPont’s businesses;
- Consolidating
the company’s 23 businesses into 14, each with
clear accountability for profit-and-loss and
cash management and a direct reporting line to
the company’s senior leadership team;
- Streamlining
the 14 businesses to drive decision-making
closer to customers by increasing regional
business responsibility and accountability.
Leadership Appointments
Effective Oct. 1, the following senior leaders and assignments
are part of the organizational alignment. To see more details,
please see the organization notice and company leadership
organization chart.
Thomas M.
Connelly, Jr., Executive Vice President and
Chief Innovation Officer, will be
responsible for the Applied BioSciences,
Nutrition & Health, Performance Polymers,
and Packaging & Industrial Polymers
businesses. Tom will also have
responsibility for Integrated Operations
which includes Operations, Sourcing &
Logistics, and Engineering. He will continue
to lead science & technology and geographic
regions outside the U.S. Tom will focus on
strengthening our R&D and regional connect
and building out the end-to-end process for
Sourcing and Operations. Reporting to Tom
will be:
Diane H. Gulyas - President, Performance
Polymers.
William J. Harvey - President, Packaging &
Industrial Polymers.
Craig F. Binetti – Senior Vice President,
Nutrition & Health, assumes responsibility
for Applied BioSciences in addition to his
current responsibilities, effective
September 1. His new title is President,
Nutrition & Health and Applied BioSciences.
Jeff A. Coe, Senior Vice President Sourcing
& Logistics and Chief Procurement Officer,
is named Senior Vice President, Integrated
Operations & Engineering with responsibility
for Operations, Sourcing & Logistics, and
Engineering, effective September 1.
Uma Chowdhry, Senior Vice President and
Chief Science & Technology Officer.
Regional Leaders
Doug Muzyka, Ian Hudson, Eduardo
W. Wanick, Carl J. Lukach, Minoru Amoh, Balvinder S. Kalsi, Mike
J. Oxley.
James C. Borel, Group Vice
President - DuPont Agriculture, is named Executive Vice
President. He will continue to focus on strengthening and
growing our Production Agriculture businesses. Reporting to Jim
will be:
Paul E. Schickler - President,
Pioneer Hi-Bred
James C. Collins - President, Crop
Protection
John R. Bedbrook – Vice President,
Agriculture Biotechnology
Dean C. Oestreich – Chairman, Pioneer
Hi-Bred
Mark P. Vergnano, Group Vice
President - DuPont Safety & Protection, is named Executive Vice
President. Mark will be responsible for the Building
Innovations, Protection Technologies, Safety Resources,
Electronics & Communications, Chemical Solutions,
Fluoroproducts, and Titanium Technologies businesses. He will
also lead the company’s SHE, sales, marketing, sustainability,
and communications functions. In his new role, Mark will focus
on building a world-class industrial marketing engine that will
encompass marketing, sales, brand, and communications. Reporting
to Mark will be:
David B.
Miller - President, Electronics &
Communications
Thomas G. Powell - President, Protection
Technologies
Thomas F. Schuler - President, Building
Innovations
James R. Weigand - President, Safety
Resources
Richard C. Olson - President, Titanium
Technologies
Cynthia C. Green - President, Fluoroproducts
Gary W. Spitzer - President, Chemical
Solutions
David G. Bills – Senior Vice President and
Chief Marketing & Sales Officer
Linda J. Fisher - Vice President SHE and
Chief Sustainability Officer
Jeffrey L. Keefer, Executive Vice
President and Chief Financial Officer (CFO), will move to new
leadership responsibilities. In his new role, Jeff will be
responsible for the Performance Coatings business, corporate
strategy development, Information Technology and overall cost
and working capital productivity programs. His role will be
effective November 1 to ensure a smooth transition to the new
CFO. Reporting to Jeff will be:
Terry
Caloghiris - President, Performance Coatings
Phuong Tram - Vice President, Information
Technology & Chief Information Officer
Don R. Linsenmann - Vice President, Business
Process & Corporate Six Sigma Champion
Linda B. West - Vice President, Corporate
Planning and Analyses
Nicholas C. Fanandakis, Group Vice
President, Applied BioSciences, will begin to transition to his
new role on September 1 and is named CFO effective Nov. 1.
"Our new leadership team consists of people who have
demonstrated a sharp focus on increasing the value we provide
customers and the speed with which we execute,” DuPont CEO Ellen
Kullman said. “Together, we are eager to capture our
opportunities for sustainable and profitable growth, enhance our
speed and accountability, and extend DuPont's legacy of
market-driven innovation."
DuPont is a science-based
products and services company. Founded in 1802, DuPont puts
science to work by creating sustainable solutions essential to a
better, safer, healthier life for people everywhere. Operating
in more than 70 countries, DuPont offers a wide range of
innovative products and services for markets including
agriculture and food; building and construction; communications;
and transportation. |
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