CEO Ellen Kullman lost her battle with activist shareholders and ultimately was replaced by Edward Breen, who will oversee the company’s merger with Dow Chemical (No. 56 on this year’s Fortune 500) and which is expected to close by late 2016.
News about DuPont
It gives him about $8 a second.
Revenues and profits were down, but the global workforce keeps growing.
Monsanto shareholders are still skeptical, however.
But there are still over 3,400 lawsuits ahead.
Company aims for $400 million in cost savings.
Videos about DuPont
Andrew Liveris explains the future of Dow DuPont.
On Fortune Live, host Leigh Gallagher welcomes Fuseproject founder Yves Béhar, Oscar Health CEO Mario Schlosser and ClassPass CEO Payal Kadakia.
Shares of both companies jumped about 12% after the news.