DuPont announced that Raj Ratnakar has been named Chief Strategy Officer for the Specialty Products Division of DowDuPont, which is expected to become an independent company (the new DuPont) on June 1, 2019.
Ratnakar’s appointment is effective May 1. He will report to Marc Doyle, chief executive officer-elect for DuPont and chief operating officer, DowDuPont Specialty Products Division.
Ratnakar joins DuPont from Fortive, a $7 billion in annual revenue, publicly traded spin-off of Danaher, where he played a key role in designing and executing the separation. In this role, he also oversaw corporatewide strategic planning and led efforts to significantly transform the company’s portfolio to build and shape Fortive into a high-performing, multi-industrial company. Ratnakar’s previous experience includes senior strategy roles at both Danaher and TE Connectivity, as well as experience advising large corporate and private equity clients at McKinsey & Company.
“Active portfolio management and a disciplined approach to capital allocation are key drivers of DuPont’s value creation strategy,” said Doyle. “Raj’s experience in leading efforts to create long-term portfolio strength, implementing global growth and profitability strategies and building organizational capabilities for continuous improvement and business transformation make him ideally suited to step into the corporate strategy role at DuPont. I look forward to working with him and the rest of the leadership team as we move rapidly toward becoming an independent company.”
About DowDuPont Specialty Products Division: DowDuPont Specialty Products, a division of DowDuPont, is a global innovation leader with technology-based materials, ingredients and solutions. DowDuPont intends to separate the Specialty Products Division, which will be called DuPont, into an independent, publicly traded company.
