Corteva to Separate from DuPont

Corteva to Separate from DuPont

Author: ChemistryViews.org

DowDuPont will complete its breakup into three companies on June 1: Dow, DuPont, and Corteva Agriscience. DowDuPont was formed in 2017 by a merger of Dow Chemical and DuPont. After the breakup, each company will have its own clear focus, scale advantages, and an enhanced ability to deliver solutions and choices to customers.

Dow Inc., the former DowDuPont’s materials science division, which makes chemicals used in cosmetics, paints, and packaging, was already spun off on April 1. Dow is headquartered in Midland, Michigan, USA. Jim Fitterling is Chief Executive Officer-Elect of Dow.

Corteva produces corn, soybean, cotton, and sunflower seeds as well as insecticides and herbicides and combines the complementary portfolios, resources, and capabilities of heritage Dow and DuPont. James C. Collins, Jr. will be the Chief Executive Officer-Elect of Corteva Agriscience. Corteva will be headquartered in Wilmington, Delaware, USA.

DuPont makes chemicals used in semiconductors, brake fluids, and lubricants. The company confirmed that it will change its name from “DowDuPont Inc.” to “DuPont de Nemours, Inc.”, doing business as DuPont, on June 1 in connection with the intended Corteva Distribution. It will be headquartered in Wilmington, Delaware, USA. Ed Breen will become DuPont’s executive chairman, in charge of the company finances; Marc Doyle will be CEO. The company’s common stock is expected to trade on the New York Stock Exchange (NYSE) under the ticker symbol “DD” beginning on June 3, 2019.


 

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