Two months after deciding to change its plans to split in three, DuPont (DD) on Monday announced who would be heading up the unit that is expected to be spun off on Nov. 1.

The maker of specialty materials and chemicals said Jon Kemp, currently President of the DuPont Electronics & Industrial div𒐪ision, will become CEO and board member of the future independent Electronics public company.

In addition, DuPont said Michael Stubblefield, President and CEO of health technology provider Avantor (AVTR), would be Chair of the new company.

Kemp noted that the world is entering a "pivotal time where advanced computing and connectivity will require new technologies and integrated solutions," and the future firm "will be a vital partner in advancing our customers' growth strategies."

ও DuPont Recently Decided Not to Also Spin ཧOff Water Unit

DuPont had originally planned to also shed its Water unit, but it reversed that decision in January, explaining that after it had "evaluated all strategic alternatives," it determined that the best way to generate value for the segment would be by keeping it as part of the parent firm.

Shares of DuPont opened slightly higher Monday morning. The stock price has added about 5% in the past year.