WILMINGTON, Del. (AP) -- Chemical maker DuPont said Tuesday its President and Chief Executive Charles O. Holliday Jr. will be replaced in January.
Ellen J. Kullman, 52, will become president and director on Oct. 1. She will take over for Holliday, 60, as CEO on Jan. 1, 2009, DuPont said.
Kullman is expected to eventually take over the chairman position from Holliday as well.
Kullman is currently executive vice president and a member of the company's office of the chief executive.
Holliday has worked at DuPont for 38 years and became CEO in 1998.
In July, the company reported second-quarter profit rose 11 percent as strong agriculture sales and emerging international markets helped offset weak domestic housing and auto markets. Revenue rose 12 percent to $8.83 billion.
