Kullman to c.e.o. at E.I. du Pont de Nemours

by Eric Schroeder
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WILMINGTON, DEL. — The board of directors of E.I. du Pont de Nemours and Co. has elected Ellen J. Kullman president and a director, effective Oct. 1, and chief executive officer, effective Jan. 1, 2009. Ms. Kullman will succeed Charles O. Holliday Jr., who has been c.e.o. since February 1998.

"Ellen is ready to lead DuPont’s market-driven strategy for faster growth," Mr. 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."

Ms. Kullman will become the 19th executive to lead DuPont during its 206-year history and the first female to do so. She also is believed to be the first female to be named c.e.o. of a major U.S. chemical company.

Previously, she was executive vice-president and a member of the company’s office of the c.e.o., with responsibility for four of DuPont’s five business segments and its marketing and sales and environmental sustainability functions, since June 2006. Earlier, she was group vice-president of the then-newly formed DuPont safety and protection segment. She joined the company in 1988 from General Electric.

Mr. Holliday, a 38-year veteran with DuPont, will remain as chairman of DuPont and as a member of the board until Ms. Kullman’s expected succession as chairman, the company said.

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