DuPont Acknowledges Chinese Regulator’s Investigation into Tyvek Business

DuPont de Nemours, Inc. disclosed that China's State Administration for Market Regulation (SAMR) has initiated an investigation involving the company’s Tyvek® business. DuPont stated it is taking the matter seriously and is cooperating with authorities. The company noted that Tyvek® sales to China amounted to approximately $90 million in 2024, representing less than 1% of its total consolidated net sales for the year. The disclosure was made under Regulation FD and is not considered filed for purposes of the Securities Exchange Act.

DuPont Unveils Future Board for Independent Electronics Company Ahead of Planned Spin-Off

DuPont announced the future board of directors for its upcoming independent Electronics company, which is expected to be spun off from DuPont by November 1, 2025. The new board will comprise nine members, bringing together a range of experience in global business, technology, and innovation.

Michael Stubblefield, President and CEO of Avantor, will serve as Chairman, while Jon Kemp, current President of DuPont’s Electronics division and CEO-elect of the new company, will also serve as a board member.

Three current DuPont directors — Terrence R. Curtin, Steven M. Sterin, and Dr. Kristina M. Johnson — will transition to the Electronics Board. Additional independent members include Byron Green, formerly of L3Harris Technologies, and Dr. Shumeet Banerji, founder of Condorcet, LP and former CEO of Booz & Company. The remaining board members will be named following a search process.

DuPont emphasized that this team of directors will guide the Electronics company through its transition and help position it for growth in advanced computing and connectivity markets. The spin-off is subject to standard regulatory and financial approvals but does not require a shareholder vote.

Full release: [PR Newswire](https://www.prnewswire.com/news-releases/dupont-announces-board-of-directors-for-the-planned-independent-electronics-company-302412192.html)

DuPont has announced that Jon Kemp, currently President of DuPont Electronics & Industrial, will serve as the Chief Executive Officer and a board member of the planned independent Electronics public company following its spin-off from DuPont. The spin-off, scheduled for completion on November 1, 2025, will establish Electronics as a standalone global leader in materials and technology solutions for the semiconductor and electronics industries.

Michael Stubblefield, CEO of Avantor, will become Chairman of the board for the new company. DuPont also plans to appoint an external Chief Financial Officer with public company experience.

The spin-off will not require a shareholder vote and is contingent on customary approvals, including final board approval, regulatory clearances, and the effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission.

DuPont de Nemours, Inc. has appointed Kurt B. McMaken to its Board of Directors, effective immediately. McMaken will serve on the Audit Committee and the Nomination and Governance Committee. The Board has determined that he is an independent director under NYSE listing standards and qualifies as an audit committee financial expert under SEC regulations.

McMaken, currently the Chief Financial Officer of The Brink’s Company, has extensive financial and management experience, including leadership roles at Eaton Corporation and PricewaterhouseCoopers. He holds degrees from Georgetown University and the University of Chicago Booth School of Business.

There are no arrangements or transactions requiring disclosure regarding his appointment. He will receive the company’s standard compensation for non-employee directors.

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