DuPont announces CEO transition and plan to split into three public companies

DuPont de Nemours, Inc.

CEO Ed Breen becomes Executive Chairman; CFO Lori Koch becomes CEO, Antonella Franzen named CFO, effective June 1, 2024.
Plan to separate into three independent public companies: Electronics, Water, and New DuPont (diversified industrial).
Separations expected to be tax-free to shareholders; each company will have strong balance sheets and growth opportunities.
New DuPont (post-separation) had 2023 net sales ~$6.6B and operating EBITDA margin ~24%.
Reaffirms Q2 and full year 2024 financial guidance for net sales, operating EBITDA, and adjusted EPS.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Lori D. Koch

Chief Executive Officer

DD · DuPont de Nemours, Inc.

Effective: 2024-06-01
Successor: Antonella B. Franzen
Filed: May 22, 2024, 7:59 PM ET

Lori D. Koch, the Company’s Chief Financial Officer, will succeed Mr. Breen as Chief Executive Officer

Role change

Edward D. Breen

full-time Executive Chairman

DD · DuPont de Nemours, Inc.

Effective: 2024-06-01
Successor: Lori D. Koch
Filed: May 22, 2024, 7:59 PM ET

Edward D. Breen will transition from the role of Chief Executive Officer to full-time Executive Chairman of the Company’s board of directors

Appointed

Antonella B. Franzen

Senior Vice President and Chief Financial Officer

DD · DuPont de Nemours, Inc.

Effective: 2024-06-01
Filed: May 22, 2024, 7:59 PM ET

Antonella B. Franzen is appointed Senior Vice President and Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lori D. Koch changed role as Chief Executive Officer at DuPont de Nemours, Inc..

Action: succeed
Role: Chief Executive Officer

Exact text from the filing

Lori D. Koch, the Company’s Chief Financial Officer, will succeed Mr. Breen as Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward D. Breen changed role as full-time Executive Chairman at DuPont de Nemours, Inc..

Action: transition
Role: full-time Executive Chairman

Exact text from the filing

Edward D. Breen will transition from the role of Chief Executive Officer to full-time Executive Chairman of the Company’s board of directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Antonella B. Franzen was appointed as Senior Vice President and Chief Financial Officer at DuPont de Nemours, Inc..

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Antonella B. Franzen is appointed Senior Vice President and Chief Financial Officer

View on SEC.gov

DuPont de Nemours, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-145041

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