Ex-DuPont CEO Now Says Chemours Liabilities Are ‘Uncapped’

DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” to the former parent’s liabilities.

Ellen Kullman, who resigned as DuPont’s CEO in 2015, said in a court filing directors understood there weren’t any restrictions on Chemours’ obligation to pay for litigation covered by the agreement setting up the company.

“When the DuPont board approved the separation agreement, we of course knew that Chemours’ obligation to indemnify DuPont for matters identified in the agreement was uncapped,’’ Kullman said in Nov. 6 affidavit attached to ...