Civic News
Career development

Delaware Power Moves: DuPont to split into 3 separate companies

Plus, WSFS taps former Citigroup exec as CFO and a Bison Venture Partners cofounder releases his first book.

DuPont leadership, L to R: Antonella Franzen is the new CFO, Ed Breen transitions to executive chair and Lori Koch is the new CEO. (Courtesy DuPont)
Power Moves is a column where we chart the comings and goings of talent across the region. Got a new hire, gig or promotion? Email us at

We can’t talk about power moves this month without talking about DuPont.

The science and technology conglomerate announced last week that it is breaking up into three separate, more focused companies.

This month’s edition of Power Moves also includes developments in publishing, startup accelerators, a pitch competition, and a few executive appointments.

DuPont announces a three-way split, executive shuffling

Within the next two years, DuPont will transition into New Dupont, with two spinoffs comprising the company’s water and electricity businesses. All three will be publicly traded companies. This move follows a trend of major conglomerates breaking up into smaller, more focused companies.

Over the last decade, DuPont has gone through some big changes. That includes the Dow/DuPont merger in 2015 that lasted for just a couple of years, but heavily impacted Delaware as the company sold off its Wilmington office buildings, the Hotel du Pont and DuPont Country Club, most to the Wilmington-based Buccini Pollin Group.

In 2019, DowDuPont finalized its own three-way split, resulting in a “new” Dow, a “new” Dupont, and Corteva, a DuPont agricultural spinoff. DuPont chemical spinoff Chemours built its STAR Campus research and development site the same year, informally dubbed DuPont’s “rebirth.”

Even before the changes take effect, The latest DuPont breakup rearranged the company’s top leadership.

Former CEO Ed Breen shifted to chairman of the board. Former DuPont Chief Financial Officer (CFO) Lori Koch named new CEO and former CFO of the Water & Protection segment Antonella Franzen named as the new company CFO. This executive team is expected to lead New DuPont after the breakup.

Executives for the water and electricity spinoffs will be named as the breakup nears its finalization.

More power moves:

Companies: Diamond Technologies / WSFS / Delaware Prosperity Partnership / DuPont / University of Delaware
Series: Power Moves

Before you go...

Please consider supporting to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!


Welcome to Camp Apple Intelligence

Delaware Money Moves: AstraZeneca’s $2.4B deal for cancer-fighting drug

Find out what type of heat wave you’re really in for with NOAA’s HeatRisk dashboard

How AI can revolutionize education's quest for truth

Technically Media