DuPont to Streamline Units, CFO to Take on New Role

Chemical maker DuPont said Thursday its chief financial officer will move to a new role as the company consolidates 23 businesses into 14, as part of an effort to capitalize on global growth opportunities to drive profitability and sales.

The Wilmington-based company said the streamlined organization will bring business decisions closer to customers and increase regional responsibility and accountability.

Among a litany of personnel changes, DuPont said that, effective Nov. 1 Chief Financial Officer Jeffrey Keefer will be succeeded by Nicholas Fanandakis, who has served in a range of financial and business leadership positions during his 30-year career at DuPont.

Keefer will move to overseeing the performance coatings business, corporate strategy development process, and overall cost and working capital productivity efforts.

Richard Goodmanson, chief operating officer, will retire as planned effective Sept. 30.

DuPont shares rose in morning trading.