DuPont Consolidates Corporate Headquarters at Chestnut Run Plaza

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Dec 22, 2014, 09:00 ET

WILMINGTON, Del., Dec. 22, 2014 /PRNewswire/ -- Today DuPont announced that it is consolidating its corporate headquarters at the company's Chestnut Run Plaza campus in New Castle County effective July 1, 2015, following a review of separation of assets and real estate associated with the separation of the company's Performance Chemicals segment, now named The Chemours Company. The consolidation of DuPont corporate headquarters at Chestnut Run will optimize use of company facilities, support collaboration and improve efficiencies for both DuPont and Chemours.

The DuPont headquarters will be a short distance from where the company was founded in 1802 on the banks of the Brandywine River. DuPont has had a presence at the Chestnut Run site for more than 60 years. The DuPont Experimental Station and the company's Stine-Haskell Research Center, both world-class facilities, also are located in New Castle County.

"For more than a century, we have been proud to call the city of Wilmington home," said DuPont Chair and CEO Ellen J. Kullman. "Looking ahead, we concluded that a single location for our headquarters offices will help facilitate the close collaboration essential to our success and to the growth of DuPont. A consolidated headquarters at Chestnut Run where most of DuPont's businesses are headquartered will make it possible to draw on people and knowledge across the company even more dynamically, on a daily basis."

At the same time, The Chemours Company, will assume ownership of the DuPont Building in Wilmington and its employees will relocate to the building by mid-2015. The move will bring Chemours employees together in one location, enabling them to continue to build their operating model and to establish a unique identity and culture. A final decision has not been made with respect to the ultimate headquarters location for Chemours.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.

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SOURCE DuPont