Deals
Kullman to Retire as DuPont Chair, CEO
- Ex-Tyco Chairman Breen named to interim DuPont positions
- Stronger dollar, weak agriculture markets drive earnings down
DuPont CEO Kullman Retires as Company Cuts Forecast
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Ellen Kullman, the chairman and chief executive officer of DuPont Co., announced her intention to retire while the company cut its profit forecast and an activist shareholder who wants to break up the 213-year-old chemical maker boosted its stake.
The company appointed Edward Breen, a board member, to fill Kullman’s positions on an interim basis, Wilmington, Delaware-based DuPont said in a statement Monday. Kullman, 59, will leave effective Oct. 16. The company cut its profit forecast for the full year below analysts’ estimates.