1. Breaking Up is Hard to Do Managing Major Corporate Change
Chemours
Carol Lowrie
Tammie Lynn
DuPont
S. Mark Kennedy
Kirsten Mucha
O&E Program Track: ERG/BRG

2. Mergers & Acquisitions
Approximately 45,000 transactions each in 2015 and 2016*
Standard means of growing and restructuring businesses for success = Corporate Reality
M&A activities will have profound impacts on your ERG/BRG
How can you manage all this change and its impact to …
… TRANSFORM ADVERSITY
INTO OPPORTUNITY?
* Source: Institute for Mergers, Acquisitions & Alliances (IMAA)

3. DuPont’s (Recent) Change Journey
Sale of DuPont Performance Coatings (Axalta)
February 2013
Spin-off of DuPont Performance Chemicals (Chemours)
July 2015
Merger with Dow Chemical
August 2017
Intended Separation into Three Publicly-Traded Companies*
???
* For more information including forward-looking statements, visit dow-dupont.com

4. Let’s Have Some Fun First – The Exercise
Each table forms a team.
Each team will have a facilitator.
Each team will do three (3) activities:
Speed teaming
Name
Company
One memorable fact about yourself
Name your team – be creative with it
Create a common structure together – make sure it represents your teamwork
Building
Vehicle
Abstract art
Guiding Principles
Each team member must participate in both the speed teaming and build.
Teams will follow the time constraints and instructions of their facilitator.

5. Fun & Games THE EXERCISE Speed Teaming Name Company
One memorable fact about yourself
Decide on a Team Name
Create Common Structure Together
Building
Vehicle
Abstract Art
THE GROUND RULES
Our success depends on everyone's participation; but no one dominates
One speaker at a time
Speak honestly
Listen for understanding
Whatever is said in the room stays in the room
Check your politics and religion at the door
Have some FUN!!!

6. Did a natural leader arise within your original team
Did a natural leader arise within your original team? Within the post-split team?
If so, what did they do that was valuable to the team?
If not, what was that like?

7. Did anyone bring artifacts with them to their new (post-split) team?
If so, did it help?
If not, would it have helped?
An object made by a human being, typically an item of cultural or historical interest
Any object made by human beings, especially with a view to subsequent use

8. Did you consider collaboration post-split?
With your old team?
With other teams?
With the facilitators?

9. If you had know about the split earlier, what would you have done differently?
What barriers did you encounter since you did not know about the split in advance?
How could you have overcome those barriers?

10. How could this dramatic change in your organizations have become an opportunity?

11. Key Learnings
Leaders are critical to the success of both the splitting and remaining parts of the ERG.
Transfer knowledge and learnings-from-experience before the separation. Take your artifacts with you.
Embrace collaboration more broadly -- with other ERGs, other companies, other organizations.
Prepare your ERGs mentally, emotionally and professionally for the break up, and for life and new opportunities in the future state.
Company M&A can create opportunities to grow and do things differently, so double down on equality in the face of change!

12. Thank you for your participation! Special thanks to our volunteers!
Please remember to pick up handouts on the way out:
Strategic Steps: Tactics & Insights | This Is an Emotional Journey (back)
Guide to Reframing Unprecedented Corporate Change as an Opportunity
Do’s and Don’ts
Also … take a moment to give us your feedback by filling out the evaluation form. Your feedback is important to us!
Special thanks to our volunteers!