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Edward D. Breen

Summary

Edward D. Breen (born c. 1956)[1] is an American business executive. He is the executive chairman of DuPont.[2] Prior to this, he was the chair of the board and CEO of DuPont, a role he started on November 9, 2015.[1] He is also a director of Comcast.[3] Prior to his role at DuPont, Breen was the chairman and CEO of Tyco International.[4]

The Wall Street Journal called Breen a "breakup expert" at the time he took the position as DuPont's CEO.[5] It was believed at the time that he would increase the chances of the company's breakup, a distinct possibility since Trian Fund Management, DuPont's fifth largest shareholder at the time, was demanding the breakup of the company.[6][7]

In March 2016, it was reported that Dow Chemical Co. and the DuPont Co. agreed to pay $27 million to DuPont CEO Edward Breen if he left the company by early 2017.[8]

In February 2020, Breen was reinstated as DuPont CEO replacing Marc Doyle.[9]

Breen is an alumnus of Grove City College and is the chair of the college's board of trustees.[10]

Recognition edit

In December, 2018 he received the Leadership Award for Historic Corporate Reinvention from the Chemical Marketing and Economics group of the American Chemical Society’s New York Section. He was honored for the merger he put into place between Dow Chemical Co. and E.I. du Pont de Nemours & Co.[11] He was also named one of the 100 Most Influential People in Business Ethics by Ethisphere.[11]

References edit

  1. ^ a b Bloomberg (9 November 2015). "DuPont names Breen as permanent CEO to replace Kullman". chicagotribune.com. Retrieved 12 November 2015.
  2. ^ "Chief Executive Officer who started as a bench electrical engineer at Jerrold". www.businessroundtable.org. Retrieved 2019-05-12.
  3. ^ "Edward D. Breen". corporate.comcast.com. Retrieved May 8, 2015.
  4. ^ "Edward D. Breen | Tyco". tyco.com. Retrieved May 8, 2015.
  5. ^ Bunge, Jacob (2018-12-26). "Meet the Breakup Artist Taking Apart DowDuPont". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-05-12.
  6. ^ "DuPont's Interim Boss Edward Breen Is a Breakup Expert". Bloomberg.com. 9 November 2015.
  7. ^ "DuPont Names Edward D. Breen as Chairman and Chief Executive Officer". Bloomberg.com. 9 November 2015.
  8. ^ "Dow-DuPont: Millions for cost-cutting CEOs". Philly.com. 2 March 2016.
  9. ^ Minaya, Ezequiel. "DuPont De Nemours Fires CEO And CFO". Forbes. Retrieved 2020-02-24.
  10. ^ "Board of Trustees".
  11. ^ a b Kuehner-Hebert, Katie (2018-11-26). "DowDuPont CEO Edward D. Breen Recognized For 'Historic Corporate Reinvention'". ChiefExecutive.net. Retrieved 2019-05-12.