Ex-DuPont CEO Now Says Chemours Liabilities Are ‘Uncapped’
- Ellen Kullman backtracks on earlier statements about liability
- Chemours sued DuPont over exposure to parent’s past lawsuits
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DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” for liabilities.
Ellen Kullman, who resigned as CEO in 2015, said in a court filing directors understood there weren’t any restrictions on Chemours’ obligation to pay for DuPont’s litigation covered by the agreement setting up the company.