As a part of its consolidation exercise, DuPont has merged the Packaging & Industrial Polymers business with its Performance Polymers business and Protection Technologies business with the Building Innovations business. Both consolidations will be effective on January 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. 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,” said Edward Breen, interim chair and CEO, DuPont.
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 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 Chrosniak as president.
“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. 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,” said Edward Breen, interim chair and CEO, DuPont.
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 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 Chrosniak as president.