DuPont

Former Searle CEO Richard De Schutter is named DuPont Pharmaceuticals chairman. De Schutter was appointed chief administrative officer of Pharmacia when Monsanto merged with Pharmacia & Upjohn in April, and his retirement from the newly merged company was announced in May. Pharmacia said no plans have been made for a replacement. The position of chairman has been vacant since former DuPont Pharmaceuticals Chairman & CEO Kurt Landgraf left the company in May. Nicholas Teti was named new CEO. Teti and De Schutter report to DuPont Chairman Charles Holiday