Industry News

DuPont Strengthens Leading Biotechnology Position with Leadership Changes

Published on 2008-02-29. Author : SpecialChem

WILMINGTON -- DuPont announced leadership changes to strengthen its leading biotechnology position and better serve the growing global demand for the company's biotech - based innovations in materials, food, feed and fuel markets.

"Across its business segments, DuPont is integrating biology with its expertise in chemistry to deliver its biotechnology pipeline to the marketplace. DuPont has stepped up its efforts, including today's leadership changes, to accelerate commercialization of its bio-based technologies to meet growing global demand," said DuPont Chairman and CEO Charles O. Holliday, Jr.

"Population growth, rising income and demand for bio-based products are driving increased demand for biotechnology outputs," Holliday said. "DuPont is uniquely positioned to meet the challenge due to our multi-discipline science and ability to integrate biology across our business segments and different industries."

DuPont is developing a broad range of innovations using both biology and chemistry to provide customers with superior performing products, including:

  • A portfolio of renewably-sourced polymers, providing better or comparable performance than petrochemical-based alternatives, including DuPont™ Sorona® EP thermoplastic resins and DuPont™ Hytrel® RS thermoplastic elastomers;
  • Imron® polyurethane enamels, made with DuPont™ Cerenol™ polyol, providing superior durability, gloss and color retention;
  • Pro-Cote® soy polymers, a renewably-sourced material derived from soybeans, for multiple adhesive applications in various industries including construction and publishing;
  • Advanced biofuels -including cellulosic-based and biobutanol - providing improved performance and options for expanding the world's energy supplies.

"The synergies among multiple biotechnology markets - including materials, coatings, agriculture and biofuels - are creating potential game- changing solutions to the world's most difficult challenges and significant growth opportunities for DuPont," Holliday said. "Today, we enhanced our already strong leadership position in providing sustainable solutions to the global marketplace."

  • Thomas M. Connelly, 55, executive vice president, will lead the integration of biotechnology across the company's business segments. He assumes responsibility for the DuPont Agriculture & Nutrition business segment in addition to his existing responsibilities
  • James C. Borel, 52, senior vice president -DuPont Human Resources, is named group vice president, leading the company's production agriculture businesses. From 1997-2004, Borel was vice president and general manager -DuPont Crop Protection. He has held a range of agricultural leadership positions in DuPont, including leading the company's agricultural products business in Canada and Asia Pacific during his 23-year career in agriculture. Borel, an Iowa State graduate with a degree in agriculture business, serves on the National 4-H Board of Trustees.
  • J. Erik Fyrwald, 48, group vice president -DuPont Agriculture & Nutrition, has resigned from the company to pursue other interests.
  • Craig F. Binetti, 52, president of DuPont Nutrition & Health, will continue as chairman of the Solae Company, a joint venture with the Bunge Corporation that provides soy protein to the global marketplace, in addition to leading the food ingredient and food safety businesses for DuPont.
  • Torkel Rhenman, 44, global business director -DuPont Packaging & Industrial Polymers, is named CEO of Solae. Rhenman has broad global business experiences, including a strong background in joint ventures from previous assignments.
  • W. Donald Johnson, 60, chairman and representative director -DuPont K.K. (Japan), is named senior vice president -DuPont Human Resources, responsible for the global strategic direction of the company's human resources function. His successor in Japan will be named later.
  • Maritza J. Poza-Grise, 49, director -DuPont Human Resources, is named vice president -DuPont Human Resources. She will be responsible for executing the company's human resources strategies globally.

Last month, DuPont named Nicholas C. Fanandakis group vice president - DuPont Applied BioSciences. In this newly created position, Fanandakis is leading Applied BioSciences' accelerated efforts to commercialize a range of bio-based products and technologies, including biofuels and biomaterials.

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

The DuPont Oval Logo, DuPont™, The miracles of science™, Sorona®, Hytrel®, Imron®, Cerenol™, Pro-Cote®, are registered trademarks or trademarks of DuPont or its affiliates.

Source: DuPont

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