- DuPont (DD, Financial) has announced the name for its upcoming electronics business spin-off as "Qnity Electronics," a major provider of semiconductor and electronics materials solutions.
- Matthew Harbaugh will join Qnity as Chief Financial Officer on May 1, 2025, bringing over 25 years of finance experience.
- Michael Stubblefield has withdrawn from the planned role as Board chairperson, with a replacement to be announced later.
WILMINGTON, Del., April 29, 2025 – DuPont (DD) has officially named its forthcoming electronics business spin-off as Qnity Electronics, Inc. The intended spin-off will position Qnity as a significant player in the semiconductor and electronics materials market, offering comprehensive solutions for advanced computing and smart technologies.
The name "Qnity" is a blend of "Q" representing electrical charge and "unity," highlighting the company’s commitment to a collaborative approach with customers. Jon Kemp, CEO-Elect of the new entity, emphasized the collective expertise and innovative spirit that Qnity seeks to embody.
Matthew Harbaugh is appointed as Chief Financial Officer effective May 1, 2025. Harbaugh, with a strong background in finance, strategy, and operations management, brings invaluable spin-off experience from his previous roles at Vantive, NuVasive, and Mallinckrodt. His expertise is expected to guide Qnity through a smooth transition and successful market launch.
Key leadership appointments include Chuck Xu leading Interconnect Solutions, Sang Ho Kang heading Semiconductor Technologies, Peter Hennessey serving as General Counsel, and Kathleen Fortebuono as Chief HR Officer. These leaders are transitioning from their current roles at DuPont to the new company, ensuring continuity in operations.
In a significant organizational change, Michael Stubblefield has decided not to serve as the chairperson of Qnity's board, allowing him to concentrate on Avantor's CEO transition. DuPont plans to announce a new board chairperson in due course, filling the temporary governance gap.
DuPont continues to progress toward its targeted completion of the Qnity spin-off by November 1, 2025. The separation underscores DuPont's strategic focus on enhancing shareholder value and exploiting high-growth opportunities in the electronics sector.
