WILMINGTON, DL - DuPont today announced Jon Kemp, president, DuPont Electronics & Industrial will be the chief executive and a member of the board of directors for the future independent electronics public company that will be created following its intended spinoff from DuPont.
As a focused independent company, electronics will be a global leader in materials and technology solutions for the semiconductor and electronics industries.
“Jon is a great choice for the CEO of the future electronics company," said Ed Breen, executive chairman, DuPont. “With his proven leadership and extensive experience in the electronics sector, Jon is uniquely positioned for the role. I believe his ability to drive growth and generate returns will ensure that as a pure-play, public company, Electronics will continue to create shareholder value.”
“For decades, our team has focused on driving innovations that advance the electronics industry,” said Kemp. “We are entering a pivotal time where advanced computing and connectivity will require new technologies and integrated solutions. As a leader in materials science and engineering, the future electronics company will be a vital partner in advancing our customers' growth strategies. I am proud to be part of this journey and lead the team as we take this next leap forward.”
Michael Stubblefield, president & CEO of Avantor, will become chairman of the board of directors for the planned independent electronics public company, effective with the spinoff. “Michael is a proven executive with a wealth of global management experience,” said Alexander M. Cutler, DuPont's lead independent director. “He is well-versed in technology and customer-centric innovation and will be a strong partner with Jon as we launch this exciting new company.”
DuPont intends to appoint a chief financial officer for the future electronics company who will be an external hire with a proven track record of performance at a publicly traded company.
Over a two-decade career with DuPont, Kemp has been focused on driving strategic business growth from his early roles in business development and marketing to commercial and business leadership positions. During the DowDuPont merger, he was the head of strategy, M&A and procurement for the Specialty Products Division. For the past six years Kemp has served as president of the $6 billion Electronics & Industrial segment within DuPont. He serves on the International Board of Directors for SEMI, where he chairs the Board of Industry Leaders. He holds a bachelor's of arts in economics from the University of Utah and an MBA from the Darden School of Business at the University of Virginia.
Michael Stubblefield is president and CEO of Avantor, a leading life science tools company and global provider of mission-critical products and services to the life sciences and advanced technology industries. Prior to joining Avantor in 2014, Stubblefield was a senior expert for the chemicals practice of McKinsey & Company, a management consulting firm, from 2013 to 2014. Previously, he held a variety of leadership roles at Celanese Corp., a technology and specialty materials company, from 1994 to 2012. He holds a bachelor's of science in chemical engineering from the University of Utah, as well as an MBA from Texas A&M University-Corpus Christi.
