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DuPont’s Three-Way Split – C-Suite Transitions

  • June 20, 2024

The circle of life for companies often involves an organic growth stage, followed by a series of acquisitions – sometimes complementary to the core business, often not – and then finally a slimming down process by writing down or spinning various divisions. Larry Culp engineered the final part brilliantly at General Electric (GE) through numerous divestitures and spinoffs over the last few years and it looks like DuPont now wants to follow the same playbook.

DuPont de Nemours Inc. (DD): $80.72

Market Cap: $33.31B

EV: $40.44B

Key Insights

  • DuPont announced CFO Lori Koch replaced Ed Breen as CEO in June, with Mr. Breen moving to the role of Executive Chairman.
  • DuPont announced that it will split into three publicly traded companies focused on electronics, water, and industrials.
  • The spinoff process is anticipated to span 18 to 24 months  (between late 2025 and June 2026).

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