WILMINGTON, Del.—DuPont Co. said its shareholders had elected all 12 DuPont nominees to the board of directors on May 15.
“We are pleased with the outcome of the vote and especially appreciate the strong expressions of support from so many of our shareholders for our strategic transformation and the continued execution of our plan,” said Ellen Kullman, DuPont's CEO in preliminary announcement on May 13.
DuPont said, based on the preliminary results, the following nominees have been elected to the board—Kullman, Alexander Cutler, Lamberto Andreotti, Edward Breen, Robert Brown, Eleuthère du Pont, James Gallogly, Marillyn Hewson, Lois Juliber, Ulf “Mark” Schneider, Lee Thomas and Patrick Ward.
Investment fund Trian and DuPont had been in a proxy war since early 2015, as Trian put forward four individuals—Trian CEO Nelson Peltz, John Myers, Arthur Winkelblack and Robert Zatta—for election to the board of directors.
Trian insisted that its nominees would address DuPont's underperformance and offer initiatives for DuPont to improve financial and operational performance.