DuPont Announces Election of James A. Lico to Board of Directors
DuPont (NYSE: DD) has announced the election of James A. Lico to its Board of Directors during the 2024 Annual Meeting of Shareholders. Lico, who currently serves as President and CEO of Fortive , brings extensive experience in global industrial operations and business transformation. His background includes leadership roles at Danaher and board membership at NetScout Systems. DuPont's Executive Chairman, Ed Breen, highlighted Lico's expertise in capital allocation, leadership strategies, and commitment to technology and innovation as key assets for the company's ongoing efforts to enhance shareholder value and drive sustainable growth.
- James A. Lico's election brings extensive experience in global industrial operations to DuPont's Board of Directors.
- Lico's proven track record of value creation through business transformation is a significant asset.
- His expertise in capital allocation and leadership strategies aligns with DuPont's goals of unlocking shareholder value and driving sustainable growth.
- Lico's background in technology and innovation supports DuPont's focus on technological advancement.
- The press release lacks specific details on how Lico's appointment will directly impact DuPont's financial performance.
- No immediate financial or operational benefits are outlined, making it unclear how this election will translate to shareholder value in the short term.
- The announcement does not address any potential challenges or risks associated with the new board member's integration.
"We are pleased to welcome Jim to the DuPont Board of Directors," said Ed Breen, Executive Chairman of DuPont. "Jim brings a wealth of operating and functional experience running global industrial companies and an exceptional track record of value creation through business transformation. His broad experience including capital allocation and leadership strategies combined with a deep passion for technology and innovation will be a valuable asset to our board as we pursue DuPont's separation plan to further unlock shareholder value and drive sustainable growth."
Mr. Lico is the President and Chief Executive Officer of Fortive Corporation, a provider of essential technologies for connected workflow solutions. He has held this position and been a member of Fortive's board of directors since the company's founding in 2016. Prior to his current role, Mr. Lico served in leadership positions in a variety of different functions and businesses at Danaher Corporation after joining Danaher in 1996, serving as an Executive Vice President from 2005 until 2016. Mr. Lico served as a director of NetScout Systems, Inc., a public company, from 2015 to 2018. He is also a member of the Business Council, the University of Michigan-Dearborn National Advisory Council, and the University of
About DuPont
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
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SOURCE DuPont
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