DuPont’s Interim Chief Drops the Interim
A month ago Edward Breen was handed the interim chairman and CEO positions at chemical manufacturer E. I. du Pont after the retirement of Ellen Kullman. He had been chairman and one-time CEO of Tyco International plc, and had worked previously at Motorola and General Instrument. Apparently quickly impressed by his leadership abilities, this week DuPont’s board awarded Breen both jobs in full.
President and Chancellor Resign after Tumult at Mizzou
After multiple demonstrations at the University of Missouri System’s flagship campus that gained nationwide attention amid charges of negligence in the face of racist activity there, system president Tim Wolfe resigned. Shortly after, the chancellor at the main Columbia campus, Bowen Loftin, followed, though he then was given the directorship of a research facility. The situation got so out of hand that a black student leader went on a hunger strike until Wolfe agreed to quit. The clincher came when a sizable portion of the Missouri Tigers football team, head coach included, refused to play any more games until he stepped aside. Later in the week a former deputy chancellor, Mike Middleton, was announced as interim system president. Meanwhile, system EVP Hank Foley took on the role of interim chancellor in Columbia.
Retirement at AGL Resources to Bring in New CEO, Chairman
At natural gas distributor AGL Resources, chairman and CEO John Somerhalder, who has been in charge of operations for a decade, announced his retirement at the end of the year. Taking the top executive position then will be current president and COO Drew Evans, who has been with AGL since 2002, holding a variety of posts. Director James Rubright will become the next chairman, though that position is temporary since AGL agreed back in August to be acquired soon by, and become a subsidiary of, electric utility operator Southern Company.
Look for more Executives on the Move next week!