Business News
Upcoming Changes to DuPont Board of Directors
Thursday 13. March 2008 - Sandy Cutler DuPont has announced that Alexander "Sandy" Cutler, chairman and CEO of Eaton Corporation, will be a nominee for election to its board of directors during the companys annual stockholders meeting on April 30.
DuPont also said board member Masahisa Naitoh, chairman and CEO of The Institute of Energy Economics in Japan, has reached the boards mandatory retirement age of 70 after eight years of service. He will not stand for election at the annual meeting.
Masahisa Naitoh”The contributions of Naitoh-san have been instrumental in the transformation of DuPont into a market-driven science company,” said DuPont Chairman and CEO Chad Holliday. “We are appreciative of his commitment and service on the board. We wish Naitoh-san the very best.”
“Sandy leads a diverse, global business and understands the dynamics of the marketplace. We look forward to the wealth of knowledge and insight that he will bring to the DuPont board,” Chad added. “We will benefit from his experience and perspectives as we accelerate our progress to achieve higher profitable growth.”
Cutler has been chairman and CEO of Eaton Corporation, a global diversified industrial manufacturer headquartered in Cleveland, Ohio, since 2000. He previously served as its president and chief operating officer for five years. During his 33-year career at Eaton, Cutler has led a broad range of businesses and strategic functions, including its global Operations and earlier its Controls Group.