February 26, 2004 DuPont
Chad Addresses Morgan Stanley
DuPont Chairman and CEO Chad Holliday yesterday addressed industry analysts and investors attending the Morgan Stanley Basic Materials Conference in New York City.
Chad gave analysts and investors an update on the progress of DuPont's five growth platforms: DuPont Agriculture & Nutrition, DuPont Coatings & Color Technologies, DuPont Electronic & Communications Technologies, DuPont Performance Materials, and DuPont Safety & Protection. He noted that in a relatively short period of time, the growth platform concept had gained traction, increasing the pace of collaboration across DuPont businesses and bringing creative solutions to the needs of DuPont customers. Chad discussed recent achievements and the 2004 focus for each platform.
Chad also reviewed the status of actions under way to offset the impacts from the anticipated sale of INVISTATM, to leverage and strengthen the capabilities of DuPont functions and to aggressively drive margin improvement across the company.
In December 2003, the company announced productivity and organizational actions to achieve USD 900 million in cost improvement in 2005. He said that the company was on track to meet those goals.