DuPont's stock rose in the day after the materials technology conglomerate announced it will retain its water division but will spin off its electronics division by November 2025.
Chemours is forging ahead on its new direction with the addition of the Google executive to its board. Kava has extensive experience in data centers and semiconductors, two growth sectors for the company.
As the work begins to divide up the company, DuPont announced it projects $12.45 billion in revenue this year, lifted by strong sales in semiconductors and AI technology.
Chemours' battery center aims to improve efficiencies in manufacturing lithium ion batteries for electric vehicles, which could also help reduce costs for end customers.
In 2014, Ashland sold its water division for $1.8 billion; a decade later, the remnants, now Solenis, are valued at $8 billion, operating in 120 countries.