Company Addressing Growing Global Demand for Biotech-Based Materials, Fuel,
WILMINGTON, Del., Feb. 27 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) today announced leadership changes to strengthen its leading biotechnology position and better serve the growing global demand for the company's biotech- based innovations in materials, food, feed and fuel markets.
"Across its business segments, DuPont is integrating biology with its expertise in chemistry to deliver its biotechnology pipeline to the marketplace. DuPont has stepped up its efforts, including today's leadership changes, to accelerate commercialization of its bio-based technologies to meet growing global demand," said DuPont Chairman and CEO Charles O. Holliday, Jr.
"Population growth, rising income and demand for bio-based products are driving increased demand for biotechnology outputs," Holliday said. "DuPont is uniquely positioned to meet the challenge due to our multi-discipline science and ability to integrate biology across our business segments and different industries."
DuPont is developing a broad range of innovations using both biology
and chemistry to provide customers with superior performing products,
-- A portfolio of renewably-sourced polymers, providing better or
comparable performance than petrochemical-based alternatives, including
DuPont(TM) Sorona(R) EP thermoplastic resins and DuPont(TM) Hytrel(R)
RS thermoplastic elastomers;
-- Imron(R) polyurethane enamels, made with DuPont(TM) Cerenol(TM) polyol,
providing superior durability, gloss and color retention;
-- Pro-Cote(R) soy polymers, a renewably-sourced material derived from
soybeans, for multiple adhesive applications in various industries
including construction and publishing;
-- Advanced biofuels -- including cellulosic-based and biobutanol --
providing improved performance and options for expanding the world's
"The synergies among multiple biotechnology markets -- including
materials, coatings, agriculture and biofuels -- are creating potential
game- changing solutions to the world's most difficult challenges and
significant growth opportunities for DuPont," Holliday said. "Today, we
enhanced our already strong leadership position in providing sustainable
solutions to the global marketplace."
DuPont's leadership changes effective today include:
-- Thomas M. Connelly, 55, executive vice president, will lead the
integration of biotechnology across the company's business segments.
He assumes responsibility for the DuPont Agriculture & Nutrition
business segment in addition to his existing responsibilities.
-- James C. Borel, 52, senior vice president -- DuPont Human Resources, is
named group vice president, leading the company's production
agriculture businesses. From 1997-2004, Borel was vice president and
general manager -- DuPont Crop Protection. He has held a range of
agricultural leadership positions in DuPont, including leading the
company's agricultural products business in Canada and Asia Pacific
during his 23-year career in agriculture. Borel, an Iowa State
graduate with a degree in agriculture business, serves on the National
4-H Board of Trustees.
-- J. Erik Fyrwald, 48, group vice president -- DuPont Agriculture &
Nutrition, has resigned from the company to pursue other interests.
-- Craig F. Binetti, 52, president of DuPont Nutrition & Health, will
continue as chairman of the Solae Company, a joint venture with the
Bunge Corporation that provides soy protein to the global marketplace,
in addition to leading the food ingredient and food safety businesses
-- Torkel Rhenman, 44, global business director -- DuPont Packaging &
Industrial Polymers, is named CEO of Solae. Rhenman has broad global
business experiences, including a strong background in joint ventures
from previous assignments.
-- W. Donald Johnson, 60, chairman and representative director -- DuPont
K.K. (Japan), is named senior vice president -- DuPont Human Resources,
responsible for the global strategic direction of the company's human
resources function. His successor in Japan will be named later.
-- Maritza J. Poza-Grise, 49, director -- DuPont Human Resources, is named
vice president -- DuPont Human Resources. She will be responsible for
executing the company's human resources strategies globally.
Last month, DuPont named Nicholas C. Fanandakis group vice president - DuPont Applied BioSciences. In this newly created position, Fanandakis is leading Applied BioSciences' accelerated efforts to commercialize a range of bio-based products and technologies, including biofuels and biomaterials.
Complete biographies and photos are available at: http://www2.dupont.com/Our_Company/en_US/executives/index.html
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM), Sorona(R), Hytrel(R), Imron(R), Cerenol(TM), Pro-Cote(R), are registered trademarks or trademarks of DuPont or its affiliates.
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