Deals
Breen, CEO Who Broke Up Tyco, Takes the Reins at DuPont
- Edward Breen also replaces retiring Ellen Kullman as chairman
- `Deep dive' into cost structure, capital allocation on agenda
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Edward Breen, the man taking over the helm at DuPont Co., is best known for helping Tyco International Plc recover from scandal and then breaking it up.
Breen was named interim chairman and chief executive officer of DuPont eight months after becoming a director during the first round of a clash with Trian Fund Management LP over splitting the company. Round two may have started Monday as Trian, the fifth-biggest DuPont shareholder, said it increased its stake in the company and suggested the campaign for a breakup might be revived.