WILMINGTON, Del., May 15, 2019 /PRNewswire/ -- DowDuPont (NYSE:
DWDP) today announced that Nicholas C. (Nick) Fanandakis will retire as Executive Vice
President effective July 31.
Mr. Fanandakis is a 40-year DuPont veteran, who served as the
company's CFO through 2017, when E.I. du Pont de Nemours and
Company merged with The Dow Chemical Company. He continued to serve
as CFO of the DuPont legal entity within DowDuPont until 2019. He
has played a key role in the DowDuPont separation process into
three companies, Dow (the former materials science division and now
an independent company), Corteva Agriscience (the agriculture
division) and DuPont (the specialty products division), which
concludes on June 1.
DowDuPont CEO Ed Breen said, "On
behalf of our Board of Directors and the entire company, I want to
thank Nick for his great dedication and extraordinary service. Nick
is responsible for countless achievements during his long career at
DuPont, and he has shown tremendous leadership in the work we have
done over the past three years to complete the DowDuPont merger and
deliver on our plan to create three industry-leading, independent
companies. We wish Nick and his family all the best in his
well-earned retirement."
Mr. Fanandakis' career at DuPont began in 1979 in the
Petrochemicals Department. In the years that followed, he served in
a variety of positions across the company's divisions before taking
on a series of key business leadership roles, focused primarily on
the Industrial Solutions, Chemical and Applied Biosciences markets.
Mr. Fanandakis became DuPont's CFO in 2009. He was instrumental in
DuPont's transformation, overseeing the reshaping of the business
portfolio, including the acquisition of Danisco, sale of the
coatings business, and the spinoff of the chemical division. He
also devoted considerable time and energy to developing and
mentoring his team, many of whom are on the leadership teams of
Dow, Corteva and DuPont.
About DowDuPont
DowDuPont (NYSE: DWDP) is a holding
company comprised of the future Corteva Agriscience™
and DuPont, which are expected to separate on June 1, 2019, creating two strong, independent,
publicly traded companies in the agriculture and specialty products
sectors, respectively. Each will lead their industry through
productive, science-based innovation to meet the needs of customers
and help solve global challenges. DowDuPont completed the
separation of the materials science business through the spin-off
of Dow Inc. (NYSE: Dow) on April 1,
2019. For more information, please visit us at
www.dow-dupont.com.
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SOURCE DowDuPont
