Dow Announces Updated Transition Timing
May 11 2017 - 10:17AM
Business Wire
The Dow Chemical Company (NYSE:DOW) today announced an update to
the transition of Chairman and CEO Andrew Liveris, to reflect that
he will serve as Executive Chairman of DowDuPont from closing of
the DowDuPont merger transaction (anticipated to occur in August
2017) through April 1, 2018, at which time he will become Chairman
through July 1, 2018, at which time he will retire from the company
and the Board of Directors.
“Given the complexity, unique structure and Andrew’s role as a
key architect of this transaction, the Dow Board believes that the
continuity of leadership will best serve our shareholders during
this critical time of transition. This enables us to achieve the
full value-creation promise behind the merger and subsequent
intended spins,” said Jeff Fettig, Dow’s Lead Independent Director
and current Chairman and Chief Executive Officer of Whirlpool
Corporation.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company is driving innovations that extract value from material,
polymer, chemical and biological science to help address many of
the world's most challenging problems, such as the need for fresh
food, safer and more sustainable transportation, clean water,
energy efficiency, more durable infrastructure, and increasing
agricultural productivity. Dow's integrated, market-driven
portfolio delivers a broad range of technology-based products and
solutions to customers in 175 countries and in high-growth sectors
such as packaging, infrastructure, transportation, consumer care,
electronics, and agriculture. In 2016, Dow had annual sales of $48
billion and employed approximately 56,000 people worldwide. The
Company's more than 7,000 product families are manufactured at 189
sites in 34 countries across the globe. References to "Dow" or the
"Company" mean The Dow Chemical Company and its consolidated
subsidiaries unless otherwise expressly noted. More information
about Dow can be found at www.dow.com.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
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The Dow Chemical CompanyRachelle Schikorra+1 (989)
638-4090ryschikorra@dow.com
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