DuPont CEO Addresses 30th Annual Sanford Bernstein “Strategic Decisions” Conference
Kullman Highlights Decisions that are Advancing DuPont’s Growth Strategy
NEW YORK, May 28, 2014 – At the Sanford Bernstein Strategic Decisions conference today, DuPont Chair and Chief Executive Officer Ellen Kullman told investors that the company is creating value for customers and shareholders by executing against the strategic and operational priorities that shape its plan to build a higher growth, higher value company.
Kullman said that DuPont has made very purposeful and meaningful strides in advancing the company’s plans through a series of recent strategic decisions to build or strengthen world-leading positions in agriculture and nutrition, industrial biosciences and advanced materials. She noted that DuPont is a stronger company today with positive momentum as a result of the steps taken to create strong positions in secular growth markets, redeploy capital to growth opportunities, enhance its portfolio and significantly lower its cost structure.
Kullman told investors that in connection with the separation of its Performance Chemicals segment, DuPont is seizing the opportunity to redesign its business support across the company. Calling it a “fresh start,” Kullman said, “Our goal is to lessen bureaucracy, increase speed of execution and make a step change improvement in overall productivity by redesigning end-to-end processes, simplifying work, and standardizing and digitizing data.”
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.
Forward-Looking Statements: This news release contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's growth strategy, product development, regulatory approval, market position, anticipated benefits of acquisitions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company's control. Some of the important factors that could cause the company's actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non-strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff . The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.
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