WASHINGTON, December 14, 2015 – As part of plans to merge with Dow Chemical, DuPont announced several leadership changes today in their company’s executive leadership.
James Borel, an Iowa farm boy who worked his way up the ranks from sales representative to executive vice president of the company’s agricultural business will be retiring, effective in early 2016.
“After nearly 37 fascinating and fulfilling years in DuPont's agriculture business, I am looking forward to opening the next chapter. I plan to spend a couple of months catching up on all the things that were continually "deferred" over the years and to clearing my mind, before I "re-engage". At this point, I only know this next chapter will include more time with family, more time sailing, and continued engagement, in some form, in my passions of agriculture, food security and helping the next generation,” Borel wrote in a memo to friends Monday.
The merger, jointly announced by the companies Friday morning, is expected to create $1 billion in “growth synergies” for the new DowDuPont company. The deal will likely be subject to intense regulatory scrutiny, but the companies say they expect the merger transaction to close “in the second half of 2016.” For more on the merger, click here.
James C. Collins, executive vice president, will lead the DuPont Agriculture business segment. Marc Doyle has been named executive vice president and will lead the Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection business segments.
In addition, Gary W. Spitzer, senior vice president, Integrated Operations and Engineering, has elected to retire following 36 years of service with DuPont, effective in early 2016.
"We thank Jim and Gary for their outstanding leadership to DuPont. Jim has been instrumental in DuPont's growth to become a global leader in the agriculture and food industry, while giving voice to the company's efforts in addressing food security worldwide,” said Edward D. Breen, DuPont chairman and CEO.
Borel joined DuPont in 1978 as a sales representative in Agricultural Products and throughout his early career, he held a variety of product, sales, operations, human resources and business management positions in Agricultural Products in the United States, the United Kingdom, Canada and Japan. Borel was appointed vice president and general manager of DuPont Crop Protection in 1997, senior vice president, DuPont Human Resources in 2004 and group vice president, responsible for the agricultural businesses in 2008. He was named to his current position in 2009.
Spitzer joined DuPont in 1979 and held several technical service, field sales, marketing and new business development roles, including assignments in Germany and Hong Kong. In 1997, Spitzer assumed a series of business leadership roles in Specialty Chemicals, Protein Technologies and DuPont Chemical Solutions Enterprise. He became president of DuPont Chemicals & Fluoroproducts in 2009 and was named to his current position in 2012.
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