The spinoff of DowDuPont’s Agriculture Division is expected to happen by June 1, 2019, and the new company will be called Corteva Agriscience. The name is derived from a combination of words meaning “heart” and “nature.”
“This is the start of an exciting journey,” said James C. Collins, Jr., chief operating officer, Agriculture Division of DowDuPont. “Corteva Agriscience is bringing together three businesses with deep connections and dedication to generations of farmers. Our new name acknowledges our history while looking forward to our commitment to enhancing farmer productivity as well as the health and well-being of the consumers they serve.”
Corteva brings together DuPont Crop Protection, DuPont Pioneer, and Dow AgroSciences to create a market-shaping, standalone agriculture company with leading positions in seed technologies, crop protection, and digital agriculture.
The corporate headquarters for the company will be located in Wilmington, Delaware, and will include key corporate support functions. Sites in Johnston, Iowa, and Indianapolis, Indiana, will serve as Global Business Centers, with leadership of business lines, business support functions, R&D, global supply chain, and sales and marketing capabilities concentrated in the two Midwest locations.
DowDuPont will support the new brand name through a series of recognition events between now and the time the division becomes an independent company.