 "Edward Breen, chair and CEO, DuPont")
Edward Breen has been appointed as DuPont’s chair and chief executive officer (CEO), effective immediately. Breen, the interim chair and CEO of DuPont since October 16, 2015, had joined the company’s board in February 2015.
“As a chief executive, Ed Breen has consistently delivered superior returns through robust growth and portfolio strategies, across a range of industries. As a DuPont board member and interim chair and CEO, Ed has rapidly and actively engaged in advancing the transformation of DuPont,” said Alexander Cutler, DuPont’s lead independent director.
Breen commented, “I look forward to continuing to work closely with the team at DuPont and with the board of directors to deliver fully on that potential for our customers and our shareholders. In the near-term, we are staying very close to our customers to deliver the value enhancing solutions they expect from DuPont innovation - even as we work with urgency to improve shareholder returns.”
From 2002-2012, Breen served as chief executive officer of Tyco International Plc. Breen oversaw the design and implementation of the comprehensive action plan to transform Tyco into the strong market leader it is today, reviving the company from near bankruptcy and rebuilding the company's brand and credibility. Over the course of his tenure, Breen oversaw a highly successful restructuring, including two break-ups of the company resulting in the spin-offs of Covidien, Tyco Connectivity, ADT Corporation and the merger of Tyco Flow Control with Pentair.
Prior to joining Tyco, Breen held senior management positions at Motorola, including as president and chief operating officer, and at General Instrument Corporation, including as chairman, president and chief executive officer.
