DuPont: Chad discusses his greatest challenge as CEO

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.”

600450 DuPont: Chad discusses his greatest challenge as CEO

See more news about:

Others also read

William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment