MOSCOW (MRC) -- DuPont has announced that it has named Stacy L. Fox as senior vice president and general counsel effective Oct. 1, succeeding Thomas L. Sager, who is retiring following 37 years of service to the company, as per the company's press release.
"Tom has served as an outstanding general counsel at DuPont. He has set an exceptional benchmark as a lawyer through his unwavering commitment in promoting and developing diversity not only within DuPont, but throughout the legal community," said DuPont Chair and CEO Ellen Kullman. "He has been an innovator and pioneer in the legal profession and all who worked with him will miss his steady counsel and strong leadership.
"Stacy comes to us as a proven leader with exceptional experience as a lawyer and business executive. She will play an important role in supporting DuPont’s growth, and I am pleased to welcome her to the company."
Prior to joining DuPont, Fox, 60, held the position of senior vice president, Strategy, and general counsel and secretary of Sunoco, Inc. Previously, she served as executive vice president of Corporate Transactions and Legal Affairs for Visteon, an USD18 billion multinational automotive supplier and general counsel of Collins & Aikman, also in the automotive industry.
As MRC wrote before, DuPont Co. had said its first-quarter earnings fell 57% as the chemicals and agricultural-products company reported that growth in most of its businesses was offset by harsh weather and shifts in agriculture. The bottom line also was impacted by the sale of its performance coatings business last year, which had contributed nearly USD2 billion of income for the year-earlier period. In the latest quarter, earnings from the company's remaining operations rose 4.2%.
DuPont, is an American chemical company that was founded in July 1802. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona and Lycra. DuPont developed Freon (chlorofluorocarbons) for the refrigerant industry, and later more environmentally friendly refrigerants. It developed synthetic pigments and paints including ChromaFlair.
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