Edward D. Breen: Difference between revisions
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{{Short description|American business executive}} |
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'''Edward D. Breen''' (born c. 1956)<ref name=trib/> is an American business executive. He was |
'''Edward D. Breen''' (born c. 1956)<ref name=trib/> is an American business executive. He is the executive chairman of [[DuPont]].<ref>{{Cite web|url=https://www.businessroundtable.org/about-us/members/edward-d-breen-chief-executive-officer-dowdupont|title=Chief Executive Officer who started as a bench electrical engineer at Jerrold.|website=www.businessroundtable.org|language=en|access-date=2019-05-12}}</ref> Prior to this, he was the chair of the board and CEO of [[DuPont]], a role he started on November 9, 2015.<ref name=trib>{{cite web|url=http://www.chicagotribune.com/news/sns-wp-blm-dupont-da33f538-86f1-11e5-bd91-d385b244482f-20151109-story.html|title=DuPont names Breen as permanent CEO to replace Kullman|author=Bloomberg|date=9 November 2015|work=chicagotribune.com|access-date=12 November 2015}}</ref> He is also a director of [[Comcast]].<ref>{{cite web |url= http://corporate.comcast.com/news-information/leadership-overview/edward-d-breen |title=Edward D. Breen |work=corporate.comcast.com |access-date=May 8, 2015}}</ref> Prior to his role at DuPont, Breen was the chairman and CEO of [[Tyco International]].<ref>{{cite web |url= http://www.tyco.com/people/edward-d.-breen |title=Edward D. Breen | Tyco |work=tyco.com |access-date=May 8, 2015}}</ref> |
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The Wall Street Journal called Breen a "breakup expert" at the time he took the position as DuPont's CEO. It was believed at the time that he would increase the chances of the company's breakup, a distinct possibility since Trian Fund Management, DuPont's fifth largest shareholder at the time, was demanding the breakup of the company.<ref>{{Cite |
''The Wall Street Journal'' called Breen a "breakup expert" at the time he took the position as DuPont's CEO.<ref>{{Cite news|url=https://www.wsj.com/articles/meet-the-breakup-artist-taking-apart-dowdupont-11545832801|title=Meet the Breakup Artist Taking Apart DowDuPont|last=Bunge|first=Jacob|date=2018-12-26|work=Wall Street Journal|access-date=2019-05-12|language=en-US|issn=0099-9660}}</ref> It was believed at the time that he would increase the chances of the company's breakup, a distinct possibility since [[Trian Fund Management]], DuPont's fifth largest shareholder at the time, was demanding the breakup of the company.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2015-11-09/dupont-names-breen-as-permanent-chairman-ceo-replacing-kullman|title=DuPont's Interim Boss Edward Breen Is a Breakup Expert|newspaper=Bloomberg.com|date=9 November 2015 }}</ref><ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2015-11-09/dupont-names-breen-as-permanent-chairman-ceo-replacing-kullman|title=DuPont Names Edward D. Breen as Chairman and Chief Executive Officer|newspaper=Bloomberg.com|date=9 November 2015 }}</ref> |
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In March 2016 it was reported that Dow Chemical Co. and the DuPont Co. agreed to pay $27 million to DuPont CEO Edward Breen if he left the company by early 2017.<ref>{{Cite web|url=http://www.philly.com/philly/blogs/inq-phillydeals/Dow-DuPont-Millions-for-cost-cutting-bosses-hires-USDA-boss-amid-USDJ-review.html|title=Dow-DuPont: Millions for cost-cutting CEOs |
In March 2016, it was reported that Dow Chemical Co. and the DuPont Co. agreed to pay $27 million to DuPont CEO Edward Breen if he left the company by early 2017.<ref>{{Cite web|url=http://www.philly.com/philly/blogs/inq-phillydeals/Dow-DuPont-Millions-for-cost-cutting-bosses-hires-USDA-boss-amid-USDJ-review.html|title=Dow-DuPont: Millions for cost-cutting CEOs|website=Philly.com|date=2 March 2016 }}</ref> |
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In February 2020, Breen was reinstated as DuPont CEO replacing Marc Doyle.<ref>{{Cite web|url=https://www.forbes.com/sites/ezequielminaya/2020/02/18/dupont-de-nemours-fires-ceo-and-cfo/|title=DuPont De Nemours Fires CEO And CFO|last=Minaya|first=Ezequiel|website=Forbes|language=en|access-date=2020-02-24}}</ref> |
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Breen is an alumnus of [[Grove City College]] and is the chair of the college's board of trustees.<ref>{{cite web | url=https://www.gcc.edu/Home/Our-Story/Leadership-Teams/Board-of-Trustees | title=Board of Trustees }}</ref> |
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== Recognition == |
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In December, 2018 he received the Leadership Award for Historic Corporate Reinvention from the Chemical Marketing and Economics group of the [[American Chemical Society]]’s New York Section. He was honored for the merger he put into place between Dow Chemical Co. and E.I. du Pont de Nemours & Co.<ref name=":0">{{Cite web|url=https://chiefexecutive.net/dowdupont-ceo-edward-d-breen-recognized-for-historic-corporate-reinvention/|title=DowDuPont CEO Edward D. Breen Recognized For 'Historic Corporate Reinvention'|last=Kuehner-Hebert|first=Katie|date=2018-11-26|website=ChiefExecutive.net|language=en-US|access-date=2019-05-12}}</ref> He was also named one of the 100 Most Influential People in Business Ethics by [[Ethisphere Institute|Ethisphere]].<ref name=":0" /> |
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==References== |
==References== |
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[[Category:Directors of DuPont]] |
[[Category:Directors of DuPont]] |
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[[Category:Comcast people]] |
[[Category:Comcast people]] |
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[[Category: |
[[Category:American chemical industry businesspeople]] |
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[[Category:Tyco International]] |
[[Category:Tyco International]] |
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{{US-business-bio-stub}} |
{{US-business-bio-1950s-stub}} |
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Latest revision as of 09:56, 10 March 2024
Edward D. Breen (born c. 1956)[1] is an American business executive. He is the executive chairman of DuPont.[2] Prior to this, he was the chair of the board and CEO of DuPont, a role he started on November 9, 2015.[1] He is also a director of Comcast.[3] Prior to his role at DuPont, Breen was the chairman and CEO of Tyco International.[4]
The Wall Street Journal called Breen a "breakup expert" at the time he took the position as DuPont's CEO.[5] It was believed at the time that he would increase the chances of the company's breakup, a distinct possibility since Trian Fund Management, DuPont's fifth largest shareholder at the time, was demanding the breakup of the company.[6][7]
In March 2016, it was reported that Dow Chemical Co. and the DuPont Co. agreed to pay $27 million to DuPont CEO Edward Breen if he left the company by early 2017.[8]
In February 2020, Breen was reinstated as DuPont CEO replacing Marc Doyle.[9]
Breen is an alumnus of Grove City College and is the chair of the college's board of trustees.[10]
Recognition[edit]
In December, 2018 he received the Leadership Award for Historic Corporate Reinvention from the Chemical Marketing and Economics group of the American Chemical Society’s New York Section. He was honored for the merger he put into place between Dow Chemical Co. and E.I. du Pont de Nemours & Co.[11] He was also named one of the 100 Most Influential People in Business Ethics by Ethisphere.[11]
References[edit]
- ^ a b Bloomberg (9 November 2015). "DuPont names Breen as permanent CEO to replace Kullman". chicagotribune.com. Retrieved 12 November 2015.
- ^ "Chief Executive Officer who started as a bench electrical engineer at Jerrold". www.businessroundtable.org. Retrieved 2019-05-12.
- ^ "Edward D. Breen". corporate.comcast.com. Retrieved May 8, 2015.
- ^ "Edward D. Breen | Tyco". tyco.com. Retrieved May 8, 2015.
- ^ Bunge, Jacob (2018-12-26). "Meet the Breakup Artist Taking Apart DowDuPont". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-05-12.
- ^ "DuPont's Interim Boss Edward Breen Is a Breakup Expert". Bloomberg.com. 9 November 2015.
- ^ "DuPont Names Edward D. Breen as Chairman and Chief Executive Officer". Bloomberg.com. 9 November 2015.
- ^ "Dow-DuPont: Millions for cost-cutting CEOs". Philly.com. 2 March 2016.
- ^ Minaya, Ezequiel. "DuPont De Nemours Fires CEO And CFO". Forbes. Retrieved 2020-02-24.
- ^ "Board of Trustees".
- ^ a b Kuehner-Hebert, Katie (2018-11-26). "DowDuPont CEO Edward D. Breen Recognized For 'Historic Corporate Reinvention'". ChiefExecutive.net. Retrieved 2019-05-12.
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