DuPont Plans Three-Way Split in Return to CEO’s Playbook
- Conglomerate joins GE, other industrial giants breaking apart
- Ed Breen to step aside as CEO and become executive chairman
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DuPont de Nemours Inc. plans to break up — again.
The company will separate its electronics and water units through tax-free transactions, forming a trio of publicly traded businesses in a process expected to be completed within the next two years. That’ll leave the remaining company focused more narrowly on industries such as biopharma and medical devices, with products including Tyvek and Kevlar.