DuPont CEO Exit Triggers Breakup Debate


DuPont

DuPont's chairwoman and chief executive Ellen Kullman has stepped down. Agriculture is DuPont's largest business, accounting for about a third of its $35 billion in sales last year. Kullman narrowly defeated Peltz's efforts to win board seats at DuPont in May, but the New York investor has retained his stake in the company and warned he could fight for further changes if things don't improve. DuPont, which has been in an ongoing battle with activist investor Nelson Peltz, said this week that its chief executive Ellen Kullman will retire Oct. 16 after nearly three decades with the Delaware-based company. DuPont’s series of massive earnings misses led to the “mutual decision” for Ms. Kullman to “retire” at age 59.

Edward Breen, a member of DuPont's board of directors who once oversaw the breakup of diversified manufacturer Tyco International, will take over as interim chairman and CEO while the board searches for a full-time replacement.

“The buzz is definitely all about (a possible split)," Matt Arnold, a St. Louis-based analyst at Edward D. Jones & Co., said Tuesday. “That’s why the stock is up so much today. There are people that obviously see value in it and they are buying the shares because they see a breakup as being a catalyst.”

Arnold said one of the first jobs of DuPont's new CEO will be to determine whether a split makes sense for the company and defend that decision to shareholders. While a breakup is far from certain, it comes amid a backdrop of a slumping agricultural economy that has squeezed farm income and forced producers to cut back on seed, fertilizer, equipment and other inputs for their operations. Separating Pioneer from DuPont could leave the unit more active in either expanding its business by giving it more freedom to purchase other companies, or leaving it more vulnerable to being acquired itself, analysts have said.

Here at ASAP NSN Parts, we have huge selection of DuPont products in stock. We provide our customers with a simplified and speedy procurement process. We ensure that our customers production lines and builds are always up and running effectively. We offer cost-effective component solutions by improving our customers’ negotiation power. If you are interested in a quote, please contact our friendly sales staff at sales@asap-nsnparts.us or call us at 1-714-705-4780.


Share


prednisolon

prednisolon

viagra recenze

viagra prodej brno click

prednisolon kur

prednisolon kol

abortion hotline

buy abortion pill

how much does abortion cost

how is an abortion performed redirect

ciproxin 750

ciproxin

acquistare cialis 5 mg online

acquistare cialis 5 mg online

over the counter albuterol walgreens

over the counter albuterol inhaler 9925.org

cialis generico 10 mg prezzo

cialis generico

where to buy abortion pill online

can i buy the abortion pill over the counter

serevent inhaler coupon

serevent exercise induced asthma searchengineoptimization-seo.net

sertraline and alcohol abuse

sertraline reviews skydtsgaard.dk

premarin generic alternative

buy premarin online without prescription website-knowledge.com

cialis generico costo

tadalafil generico 5 mg prezzo

ASAP Semiconductor's Certifications and Memberships

Certification
nochina

The only independent distributor with a NO CHINA SOURCING Pledge