DuPont Issues Statement On Trian's Proposed Director Nominees - Quick Facts

(RTTNews) - E. I. du Pont de Nemours and Company (DD) issued a statement with respect to Trian Fund Management's announcement of its intention to nominate four individuals for election to the Company's Board of Directors at DuPont's 2015 Annual Meeting of Shareholders. DuPont shareholders are not required to take any action at this time.

"Despite numerous efforts to engage constructively, including multiple calls and meetings with our CEO, CFO and lead independent director, Trian has chosen this path with the potential to disrupt our Company at a key stage of execution against our plan," the company said.

DuPont said it has a highly qualified Board of experienced professionals with expertise across a range of relevant disciplines and industries critical to DuPont's businesses. The Board is committed to good corporate governance, with a robust lead independent director role, 12 out of 13 directors being independent, and four new directors added since December 2011.

DuPont also said the Corporate Governance Committee of its Board will review Trian's proposed director nominees and make a recommendation that is in the best interest of all shareholders. In the interim, the company will remain laser focused on executing its plan, which has already delivered and continues to drive superior value to shareholders."

Earlier today, Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Co. , said that it has nominated four candidates for election to the DuPont Board of Directors at the 2015 Annual Meeting of Shareholders.

Trian's four director nominees are Nelson Peltz, Chief Executive Officer and a Founding Partner of Trian, John Myers, former President and Chief Executive Officer of GE Asset Management, Arthur Winkleblack, former Executive Vice President and Chief Financial Officer of H.J. Heinz Co. and Robert Zatta, Acting Chief Executive Officer and long-time Chief Financial Officer of Rockwood Holdings, Inc.

Investment funds managed by Trian currently beneficially own an aggregate of about 24.4 million DuPont shares valued at about $1.8 billion.