(Reuters) -Chemicals firm DuPont De Nemours said on Monday insider Jon Kemp will take over as CEO of its independent electronics unit following the planned spinoff of the business. It is also looking to appoint an external hire as chief financial officer of the unit. The company had accelerated the separation of its electronics business, […]
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DuPont insider Jon Kemp to lead electronics unit post spinoff
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(Reuters) -Chemicals firm DuPont De Nemours said on Monday insider Jon Kemp will take over as CEO of its independent electronics unit following the planned spinoff of the business.
It is also looking to appoint an external hire as chief financial officer of the unit.
The company had accelerated the separation of its electronics business, which includes semiconductor technologies and interconnect solutions, earlier this year and expects to complete the spinoff by Nov. 1.
DuPont was earlier planning to split into three publicly traded companies, but in January said it no longer intends to separate its water business, but would go ahead with the electronics unit spinoff.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar and Devika Syamnath)