DuPont consolidate businesses within two units

DuPont to consolidate businesses within two units

11:36 AM, 5th November 2015
DuPont to consolidate businesses within two units

HOUSTON, US: DuPont said it will consolidate some businesses within two units- one that makes nylon and polyester and another that makes materials such as Kevlar.

The company would combine its protection technologies and building innovations businesses within its protection technologies division. The combined business, DuPont Protection Solutions, will be led by Rose Lee, who currently heads the company’s protection technologies unit.

DuPont will also merge its packaging & industrial polymers and performance polymers businesses in its performance materials unit this business will be led by Patrick Lindner, who is now head of performance polymers.

The consolidation will be effective 1 Jan, the company said.

The consolidation comes less than a month after Edward Breen took over as the company’s interim chief executive, following Ellen Kullman’s retirement on 5 Oct.

© Reuters News

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