Key Takeaways Chemicals and materials producer DuPont on Thursday changed plans to split into three separate businesses. The company said it would retain its Water segment, and expedite the spin-off of its Electronics unit.

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"The decision for Water to remain with DuPont provides the new organization with greater strategic flexibility over time and another high growth business alongside healthcare," CEO Lori Koch said, adding that the company expects 2025 will be a strong year for the segment.

DuPont shares traded higher in the premarket on Thursday as plans to jettison its electronics segment moved forward.

DuPont de Nemours said it is accelerating the separation of its electronics business and that it no longer intends to spin off its water business into a new publicly traded company. The chemical and materials maker on Wednesday said that it is targeting Nov.