DuPont is advancing its plan to spin off its Electronics & Industrial division into a standalone, publicly traded company, currently referred to as Novus SpinCo 1, Inc. The spin-off is targeted for completion on November 1, 2025, pending customary conditions and regulatory approvals . (DuPont Files Form 10 To Spin Off Electronics Business As …)
The new entity, informally dubbed “ElectronicsCo,” will focus on high-growth sectors such as advanced packaging, interconnect solutions, and next-generation semiconductors. The division reported $5.93 billion in net sales in 2024, an 11% year-over-year increase, with operating EBITDA rising 17% to $1.717 billion and margins expanding to 29.0% . Jon Kemp, currently President of DuPont Electronics & Industrial, will serve as CEO of the new company, with Michael Stubblefield, President and CEO of Avantor, appointed as Chairman of the Board . (DuPont’s Electronics Spin-Off: A Strategic Move to Unlock Value in …, DuPont Announces Board of Directors for the Planned Independent …)
- Spin-Off Target Date: November 1, 2025, subject to customary conditions.
- Financial Performance: 2024 net sales of $5.93 billion; operating EBITDA of $1.717 billion with a 29.0% margin.
- Leadership: Jon Kemp as CEO; Michael Stubblefield as Chairman.
- Strategic Focus: Semiconductor materials, advanced packaging, interconnect solutions.
- Growth Drivers: AI, high-performance computing, smart/autonomous vehicles.
