USA: Company Restructuring Dow Dupont Names Boards of Directors of Future Independent Companies
Dow Dupont announced the members of the future boards of directors of Dow, Dupont, and Corteva Agriscience. Amongst others, Ed Breen will serve as executive chairman of the board of Dupont and Jeff M. Fettig will become non-executive chairman of Dow. Greg Page, retired chairman and chief executive officer of Cargill will serve as non-executive chairman of the board of Corteva Agriscience.
Midland/USA — The boards were chosen according to diverse perspectives and experience to oversee the execution of the value creation strategy of each future company. These board members have been working closely with the management teams, defining strategy, building efficient organizational structures, and overseeing value capture and execution, the company announced. Additionally, Dow Dupont remained on track to separate the Materials Science division (Dow) by April 1, 2019, and the Agriculture (Corteva Agriscience) and Specialty Products (Dupont) divisions by June 1, 2019. The non-executive members of the future boards will continue to serve on the advisory committees of their respective divisions (Materials Science, Specialty Products, and Agriculture) until the boards become effective at the time of the separations.