DuPont: Chad discusses his greatest challenge as CEO

Date: 26 June 2002
Source: DuPont

Date: 26 June 2002

DuPont Chairman and CEO Chad Holliday discussed a variety of topics in a recent issue of Chemical Market Reporter (CMR). Highlights of Chad’s comments are being featured in Network News.

In the article, Chad described his greatest challenge since taking the helm of DuPont.

“The greatest challenge is the transformation of the company,” he said. “The biggest part of the challenge is the difficulty of turning loose the past in time to go into the future. If you wait until the need to do that is obvious, you have waited too long. But if you get too far ahead and change too soon, you could get into trouble there too.”

Chad added: “During my time as CEO we have done a lot of turning loose of the past and moving onto the future. We got out of energy and pharmaceuticals, and now we're starting the separation of some historic fibers business.

“Meanwhile, we have been moving rapidly into the future with things like biotechnology and renewable resources,” Chad said. “We beefed up our finishes businesses. We beefed up electronics. And we replaced businesses we exited, not necessarily in terms of revenue, but with businesses that provide significant earnings.”

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