DuPont Reorganizes Business – Analyst Blog
Source: http://www.zacks.com/stock/news/23586/DuPont+Reorganizes+Business+-+Analyst+BlogPosted on Friday, August 14th, 2009 | In Market Commentary, Stocks to Watch
DuPont (DD) consolidated its 23 businesses into 14 in an effort to streamline its operations. The 14 businesses are Pioneer Hi-Bred, Crop Protection, Nutrition & Health, Electronics & Communications, Performance Coatings, Performance Polymers, Packaging & Industrial Polymers, Protection Technologies, Building Innovations, Safety Resources, Chemical Solutions, Fluoroproducts, Titanium Technologies and Applied BioSciences.
DuPont also redefined its reporting segments to provide greater transparency. The new segments would be Agriculture & Nutrition (Pioneer Hi-Bred, Crop Protection, Nutrition & Health), Electronics & Communications, Performance Coatings, Performance Materials (Performance Polymers and Packaging & Industrial Polymers), Safety & Protection (Protection Technologies, Building Innovations, Safety Resources), Performance Chemicals (Chemical Solutions, Fluoroproducts, Titanium Technologies) and Pharmaceuticals (Applied BioSciences).
As part of the consolidation, the chemical maker commented that it eliminated the five group vice president positions and their supporting business structures associated with the platforms that house its businesses. The group vice presidents have currently been reabsorbed in new roles within the 14 businesses.
Among the various role changes, the most significant was the transfer of Executive Vice President and Chief Financial Officer Jeffrey Keefer to lead the Performance Coatings business, corporate strategy development process and overall cost and working capital productivity efforts, effective Nov 1.
DuPont claims the streamlined organization will bring business decisions closer to customers and increase transparency and accountability. We continue to maintain our Neutral recommendation on the shares of DuPont with a target price of $33.00.
Read the full analyst report on “DD”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Settlement in Xerox-ACS Merger - Analyst Blog - November 24th, 2009
- Citi Expects Strong Economic Growth - Analyst Blog - November 24th, 2009
- Downgrading Expedia to Neutral - Analyst Blog - November 24th, 2009
- Foot Locker Misses Expectations - Analyst Blog - November 24th, 2009
- Patni Exceeds Estimates - Analyst Blog - November 24th, 2009
Applied Biosciences, Building Innovations, chemical maker, Chemical Solutions, Dupont, executive vice president and Chief Financial Officer, Fluoroproducts, Jeffrey Keefer, Market Commentary, Protection Technologies, Safety Resources, Stocks to Watch, Titanium Technologies, USD, vice president positions and their supporting business structures, Vice Presidents, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.