8-KLeadership Changes

EIDP, Inc. 8-K Report, Executive Changes (Jun 16, 2006)

Filed June 16, 2006For Securities:CTA-PBCTA-PA

Summary

E. I. du Pont de Nemours and Company (DuPont) announced a significant leadership change within its financial executive team. Gary M. Pfeiffer, Senior Vice President and Chief Financial Officer (CFO), has elected to retire at the end of the year. While he will immediately step down from his CFO role to facilitate a smooth handover, he will remain with the company during this transition period. Stepping into the critical CFO position is Jeffrey L. Keefer, age 54, who has been appointed Executive Vice President and CFO, effective June 16, 2006. Mr. Keefer's appointment also includes a position in the company's Office of the Chief Executive. His extensive tenure at DuPont, beginning in 1976, includes various financial and management roles, most recently as Group Vice President of DuPont Performance Materials and previously as Vice President and General Manager of DuPont Titanium Technologies. This transition signifies a move towards continuity in financial leadership, leveraging internal talent.

Key Highlights

  • 1Gary M. Pfeiffer, SVP and CFO, will retire at year-end.
  • 2Mr. Pfeiffer is stepping down as CFO immediately but will assist with the transition.
  • 3Jeffrey L. Keefer (age 54) appointed as the new Executive Vice President and CFO, effective June 16, 2006.
  • 4Mr. Keefer joins DuPont's Office of the Chief Executive.
  • 5Mr. Keefer has a long history with DuPont, starting in 1976 and holding various financial and management roles.
  • 6Previous roles for Mr. Keefer include VP & General Manager of DuPont Titanium Technologies and Group VP of DuPont Performance Materials.
  • 7Mr. Keefer has no reported family relationships with other executives or directors and is not involved in related party transactions.

Frequently Asked Questions

Gary M. Pfeiffer has elected to retire at the end of the year. He is stepping down as CFO immediately to ensure a smooth transition, but will remain with the company to assist during this period.

Jeffrey L. Keefer, age 54, has been appointed as the new Executive Vice President and Chief Financial Officer, effective June 16, 2006.

Mr. Keefer has a long and extensive career with DuPont, joining the company in 1976. He has held a variety of financial and management positions, including Vice President and General Manager of DuPont Titanium Technologies and Group Vice President of DuPont Performance Materials.

According to the filing, Mr. Keefer has no reported family relationships with any executive officer or director of the company and is not involved in any related party transactions, suggesting no immediate conflicts of interest.