Business
DuPont Announces Additional Leaders and Company Name for the Intended Spin-Off of the Electronics Business
DuPont (NYSE:DD) today announced Qnity Electronics, Inc. ("Qnity") as the name of the planned independent Electronics public company that will be created through the intended spin-off of its Electronics business*. As a pure-play electronics materials company, Qnity will be one of the largest and broadest solutions providers to the semiconductor and electronics industries enabling advanced computing, smart technologies and connectivity.
About this update from Dupont De Nemours, Inc.
[{"type":"text","content":"Matthew Harbaugh named Chief Financial Officer; management team fully staffed ahead of spin-off","length":95,"tagName":"p"},{"type":"text","content":"Change to future Board Chair announced","length":38,"tagName":"p"},{"type":"text","content":"WILMINGTON, Del., April 29, 2025 /PRNewswire/ -- DuPont (NYSE:DD) today announced Qnity Electronics, Inc. ("Qnity") as the name of the planned independent Electronics public company that will be created through the intended spin-off of its Electronics business*. As a pure-play electronics materials company, Qnity will be one of the largest and broadest solutions providers to the semiconductor and electronics industries enabling advanced computing, smart technologies and connectivity.","length":503,"tagName":"p"},{"type":"image","alt":"DuPont Logo (PRNewsfoto/DuPont)","displaySize":"","headline":null,"caption":"DuPont Logo (PRNewsfoto/DuPont)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":116,"url":"https://media.zenfs.com/en/prnewswire.com/2afc4d09101aeb9068e83f4cbae39368"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zbYf18RI2ZQcA3.f03pEoA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2afc4d09101aeb9068e83f4cbae39368","width":400,"height":116}},"href":"https://mma.prnewswire.com/media/1167395/dupont_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Inspired by 'Q', the symbol for electrical charge, and 'unity', the name reflects the collaborative way we work with customers. We harness our collective expertise, bringing energy, curiosity and quality to make tomorrow's technologies possible," said Jon Kemp, CEO-Elect of the intended Electronics spin-off.","length":340,"tagName":"p"},{"type":"text","content":"DuPont also announced that Matthew Harbaugh will join the company effective May 1, 2025, and will be the Chief Financial Officer of Qnity.","length":138,"tagName":"p"},{"type":"text","content":"Mr. Harbaugh brings more than 25 years of experience in finance, strategy, and operations management. He most recently served as CFO of Vantive, the planned spin-off from Baxter prior to its sale to Carlyle. He previously served as CFO at NuVasive and Mallinckrodt, both publicly traded companies. During his tenure at Mallinckrodt, a comp...