Shareholders elect DuPont nominees as directors

Wilmington, Delaware – DuPont announced on 15 May that its shareholders had elected all 12 DuPont director nominees.

“We are pleased with the outcome of the vote and especially appreciate the strong expressions of support from so many of our shareholders for our strategic transformation and the continued execution of our plan,” said Ellen Kullman, DuPont’s CEO in preliminary announcement on 13 May.

Investment Fund Trian and DuPont had been in a proxy war since early this year, as Trian put forward four individuals, including CEO Nelson Peltz, for election to the board of directors.

Trian insisted that its nominees would address “DuPont’s under-performance” and offer initiatives for DuPont to improve financial and operational performance.