DuPont Textiles & Interiors creates separate board

Wilmington, DE — In a move that could put the DuPont subsidiary closer to a spin-off, DuPont Textiles & Interiors (DTI) has formed its own board of directors and appointed long-time DuPont executive Steve McCracken president.

McCracken has been group vp of DTI, the business evolving from the DuPont Apparel & Textiles Sciences business created in January 2001. In February 2002, DuPont announced its plan to separate DTI by the end of 2003, market conditions permitting. Included in the options for this separation are an initial public offering or sale to another company.

The DTI board of directors will have full operating responsibility for the business. Richard Goodmanson, DuPont executive vp and coo, will serve as DTI's chairman. Charles Holliday, DuPont's ceo and chairman, and Gary Pfeiffer, DuPont's cfo, also will be board members. All members of the DTI leadership team report to McCracken.

Home Textiles Today Staff | News & Commentary

Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Research Store

Featured Video

Subscribe to
Home Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT November 2017 cover

See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs.  Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.  See details!