DuPont adds Mark Vergnano as CEO of new chemicals company

In October, DuPont announced its intention to separate its Performance Chemicals segment through a tax-free spin-off to shareholders, resulting in two standalone companies:

DuPont will advance its unique integrated capabilities in biology, chemistry and materials science to further strengthen its industry-leading positions in agriculture and nutrition, bio-based industrials and advanced materials.  Specifically, DuPont will continue to leverage its exceptional science capabilities across secular growth markets in food, energy, and protection, delivering shareholder value through revenue and earnings growth.

After separation, Performance Chemicals will operate as an independent, publicly traded company. It will have world leading businesses in Titanium Technologies and Chemicals & Fluoroproducts, well-established positions in attractive markets, and strong cash flow generation.  The Performance Chemicals segment generated about $7 billion in 2012 revenues.

DuPont 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.

DuPont