DuPont CEO Discusses Next Generation DuPont at Bernstein “Strategic Decisions” Conference
Kullman Highlights DuPont’s Strategy and Progress as it Transforms to a Higher Growth, Higher Value Company
NEW YORK, May 27, 2015 – DuPont Chair and Chief Executive Officer Ellen Kullman presented today at the 31st annual Bernstein Strategic Decisions Conference, where she discussed the Company’s progress and provided insight into the new DuPont that will emerge following the expected separation of the Performance Chemicals business – now known as The Chemours Company – in July.
Kullman remarked: “Over the past six years, we have been transforming DuPont to ensure that we can help our customers solve for the needs of the world’s growing population – and a rising middle class -- during a new age of resource scarcity—and translate that directly into compelling and sustainable value for shareholders. We have significantly refined our portfolio, focused our strategy, streamlined our organization, reduced costs and improved productivity. As a result of these actions, we are even more agile and responsive to the market, with our resources fully focused on opportunities where DuPont’s science and engineering capabilities will deliver the greatest value.”
“After the anticipated separation of Chemours, DuPont will emerge stronger and more competitive, well prepared for our next step-change in both growth and value. Our capabilities are uniquely well suited to helping our customers provide plentiful, healthier food; renewably sourced advanced materials; ample energy; better infrastructure and transportation. Importantly, we are fully focused on opportunities where today’s mix of DuPont science and engineering capabilities will deliver the greatest value.”
In conclusion, Kullman outlined the value proposition that next generation DuPont offers its shareholders, and the Company’s commitment to driving superior shareholder value: “We have a clear, compelling and focused strategy that is delivering value for shareholders today while positioning DuPont for a successful future. We are driving this value by building and leveraging existing world leading positions in attractive markets in which we have unique competitive advantages, and in which our advantaged science and innovation enables us to deliver customized solutions that our customers want and need.
“Our shareholders have high expectations for us, and we are ready to meet those expectations by driving continued productivity and capitalizing on the tremendous opportunities presented by our three strategic focus areas. We know we have more work to do, but our progress to date gives me the confidence that we are up to the challenge and we fully intend to deliver.”
To view a full copy of today’s presentation, visit the “Events & Presentations” page on the DuPont Investor Center.
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 http://www.dupont.com.
This document 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 strategy for growth, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, 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; ability to respond to market acceptance, rules, regulations and policies affecting products based on biotechnology; 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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