DuPont Interim CEO Vows to Tackle Costs After Drop in Profit
- `We are not pleased with our results this quarter' CFO says
- Former CEO Ellen Kullman stepped down earlier this month
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DuPont Co.’s Ed Breen, who took over as chief executive officer on an interim basis earlier this month after the abrupt resignation of his predecessor, said the chemical company will take a “fresh look” at its costs after a slump in third-quarter earnings.
“Amid the current challenging macro environment, our priority is to aggressively manage what is within our control, including taking a fresh look at DuPont’s cost structure and capital allocation strategy to identify ways to further improve shareholder return,” Breen said Tuesday in the Wilmington, Delaware-based company’s third-quarter earnings statement.