DuPont Names Kullman New President, Director, CEO

The DuPont board of directors has elected Ellen Kullman president and a director of the company effective Oct. 1 and chief executive officer effective Jan. 1, 2009. DuPont Chairman and CEO Chad Holliday will serve as chairman of DuPont and as a member of the board until Kullman's expected succession as chairman, the company said.

"Ellen is ready to lead DuPont's market-driven strategy for faster growth," Holliday said. "By appointing Ellen now as president, she will define DuPont's detailed 2009 execution plans that will make a solid advance toward achieving our 2010 accelerated growth goals."

Kullman is the 19th executive to lead the company in DuPont's 206-year history. Since June 2006, she has served as an executive vice president and a member of the company's office of the chief executive, with responsibility for four of DuPont's five business segments and its Marketing & Sales and Environmental Sustainability functions. From February 2002 to June 2006, as group vice president of the then-newly formed DuPont Safety & Protection segment, Kullman led revenue growth from USD 3.5 billion to USD 5.5 billion, according to a company press release. She joined DuPont in 1988 from General Electric.

"I am honored to have been selected by the board of directors to lead DuPont into its next phase of accelerated growth," Kullman said. "We have a renowned science capability, a rich pipeline of new products, the right productivity mindset and terrific market opportunities. We will build on our momentum and drive earnings growth by continuing on our mission to solve challenging global problems and achieve our financial commitments, including our 2010 growth goals."

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