DuPont has started the long road of dividing the company into three, yet again, with new leadership guiding the way to create new value to the Delaware company.
Right before the stock market closed for the day, DuPont announced that it would split into three companies. CEO Ed Breen also announced that he would be stepping down as of June 1.
One month after placing executives on leave, Chemours has updated its financials. The company is also fielding information requests from prosecutors and regulators.
Chemours’ internal audit has found that three executives, including CEO Mark Newman, violated the company’s ethics code to alter the appearance of cash flow targets dating back to the end of 2022.