WILMINGTON, Del., Nov. 2, 2015 /PRNewswire/ --
- Patrick Lindner Named President of Consolidated DuPont
Performance Materials Business
- Rose Lee Named President of Consolidated DuPont
Protection Solutions Business
Today DuPont announced the consolidation of its DuPont Packaging
& Industrial Polymers business with its DuPont Performance
Polymers business, as well as the consolidation of the DuPont
Protection Technologies business with the DuPont Building
Innovations business. Both consolidations will be effective
on Jan. 1, 2016. The
consolidation will create greater efficiency and enhanced
capabilities in the two segments where these businesses operate –
the Performance Materials segment and the Safety & Protection
segment, respectively. DuPont will continue to have six
reporting segments.
"By bringing these business units together under common
management structures, we are creating businesses of more
significant scale to better serve our customers with more powerful
science capabilities and stronger applications development," said
DuPont Interim Chair and CEO Edward D. Breen. "At the same
time, this will lead to more effective deployment of capital in
these businesses, while capturing savings in our cost structure and
driving greater value for our shareholders."
The combined DuPont Packaging & Industrial Polymers and
DuPont Performance Polymers businesses – which will comprise the
DuPont Performance Materials reporting segment – will be led by
Patrick E. Lindner, currently president of DuPont Performance
Polymers.
The combined DuPont Protection Technologies and DuPont Building
Innovations businesses – which will be called DuPont Protection
Solutions – will be led by Rose Lee, currently president of the
DuPont Protection Technologies business. The combined
business unit will continue as part of DuPont's Safety &
Protection reporting segment, which also includes the DuPont
Sustainable Solutions business that will continue to be led by John
L. Chrosniak as president.
Lindner will continue to report to DuPont Executive Vice
President James C. Collins, while Lee will continue to report to
Marc Doyle, senior vice president, DuPont Safety &
Protection.
Lindner joined DuPont in 1996 as a chemist in Fluoroproducts.
He spent the first four years of his career in R&D and
held leadership positions in a range of marketing and venture
roles. In 2006, he was named global business director of
DuPont™ Teflon® fluoropolymers, later served as director in the
DuPont Corporate Plans and Strategy group and as global business
director for DuPont Electronics & Communications. He was named
president of DuPont Performance Polymers in March 2014. He received his B.S. in
Chemistry from Hamilton College and his
Ph.D. in Chemistry from Dartmouth.
Lee joined DuPont in January 2015
as the global business director, DuPont™ Kevlar® and Aramid
Intermediates and was appointed president of DuPont Protection
Technologies in October 2015. Prior
to DuPont, Lee was vice president and general manager, Innovative
Materials, for Saint-Gobain Corporation. She has held business and
functional leadership roles at Saint-Gobain, Booz Allen & Hamilton and the Pratt & Whitney division of United
Technologies. She served as a member of the Economic Advisory
Council for the Federal Reserve Bank of Philadelphia, Inc. She holds a B.S. degree in
Engineering from Cornell University,
and an M.S. in Engineering from Rensselaer
Polytechnic Institute and an M.B.A. from Massachusetts Institute of Technology.
DuPont (NYSE: DD) has been bringing world-class science and
engineering to the global marketplace in the form of innovative
products, materials, and services since 1802. The company believes
that by collaborating with customers, governments, NGOs, and
thought leaders, we can help find solutions to such global
challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the
environment. For additional information about DuPont and its
commitment to inclusive innovation, please visit
www.dupont.com.
Forward Looking Statements: This document contains
forward-looking statements which may be identified by their use of
words like "plans," "expects," "will," "believes," "intends,"
"estimates," "anticipates" or other words of similar meaning. All
statements that address expectations or projections about the
future, including statements about the company's strategy for
growth, product development, regulatory approval, market position,
anticipated benefits of recent acquisitions, timing of anticipated
benefits from restructuring actions, outcome of contingencies, such
as litigation and environmental matters, expenditures and financial
results, are forward looking statements. Forward-looking statements
are not guarantees of future performance and are based on certain
assumptions and expectations of future events which may not be
realized. Forward-looking statements also involve risks and
uncertainties, many of which are beyond the company's control. Some
of the important factors that could cause the company's actual
results to differ materially from those projected in any such
forward-looking statements are: fluctuations in energy and raw
material prices; failure to develop and market new products and
optimally manage product life cycles; ability to respond to market
acceptance, rules, regulations and policies affecting products
based on biotechnology; significant litigation and environmental
matters; failure to appropriately manage process safety and product
stewardship issues; changes in laws and regulations or political
conditions; global economic and capital markets conditions, such as
inflation, interest and currency exchange rates; business or supply
disruptions; security threats, such as acts of sabotage, terrorism
or war, weather events and natural disasters; ability to protect
and enforce the company's intellectual property rights; successful
integration of acquired businesses and separation of
underperforming or non-strategic assets or businesses, including
timely realization of the expected benefits from the separation of
Performance Chemicals. The company undertakes no duty to update any
forward-looking statements as a result of future developments or
new information.
The DuPont Oval logo, DuPont™ and all products, unless otherwise
noted, denoted with ™ or ® are trademarks or registered trademarks
of E. I. du Pont de Nemours and Company or its affiliates.
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SOURCE DuPont