Raj Ratnakar is the new Chief Strategy Officer for the Specialty Products Division of Dow Du Pont. Under the rules, he will report to Marc Doyle, chief executive officer-elect for Du Pont and chief operating officer, Dow Du Pont Specialty Products Division.
Delaware/USA – Du Pont has recently announced that Raj Ratnakar has been named Chief Strategy Officer for the Specialty Products Division of Dow Du Pont, which is expected to become an independent company (the new Du Pont) on June 1, 2019. Ratnakar’s appointment is effective May 1. He will report to Marc Doyle, chief executive officer-elect for Du Pont and chief operating officer, Dow Du Pont Specialty Products Division.
Ratnakar joins Du Pont from Fortive, a 7 billion dollar in annual revenue, publicly traded spin-off of Danaher, where he played a key role in designing and executing the separation. In this role, he also oversaw corporate wide strategic planning and led efforts to significantly transform the company’s portfolio to build and shape Fortive into a high-performing, multi-industrial company. Ratnakar’s previous experience includes senior strategy roles at both Danaher and TE Connectivity, as well as experience advising large corporate and private equity clients at Mc Kinsey & Company.
“Active portfolio management and a disciplined approach to capital allocation are key drivers of Du Pont’s value creation strategy,” said Doyle. “Raj’s experience in leading efforts to create long-term portfolio strength, implementing global growth and profitability strategies and building organisational capabilities for continuous improvement and business transformation make him ideally suited to step into the corporate strategy role at Du Pont. I look forward to working with him and the rest of the leadership team as we move rapidly toward becoming an independent company.”
Ratnakar holds a master’s degree in Mechanical Engineering from the University of Maryland, and an MBA with a major in Finance from The Wharton School at the University of Pennsylvania.