DOW CHEMICAL NAMES BUSINESS UNIT HEADS FOLLOWING ITS REORGANIZATION
Sep. 7, 2012
Source: Dow Chemical Co news release
Following yesterday's announcement regarding The Dow Chemical Company's (NYSE:DOW) new business structure, today the Company announced 13 business presidents who have been named to lead Dow's new Global Businesses. These business presidents will report to members of the newly formed Executive Committee, and the appointments are effective immediately.
"And in both Packaging and Elastomers, as well as Electrical and Telecommunications, we will continue to drive forward on the strength of both businesses' strong, complementary customer-centric innovation and operational excellence culture"
"Moving forward, we must accelerate our speed of commercialization, and significantly increase revenue and margin growth," said Andrew N. Liveris, Dow's chairman and CEO. "With less structure at the top of the Company and more deployment and implementation in the markets, this is the optimal structure for the next phase of our strategy."
The business presidents will focus intensely on generating increased earnings, and accelerating the advancement and execution of Dow's strategy within their businesses.
The appointments are as follows:
Reporting to James R. Fitterling, executive vice president, with executive oversight of Feedstocks, Performance Plastics, Asia and Latin America, are:
• Brian Ames, business president for Olefins and Aromatics
• Raja Zeidan, business president for Feedstocks
• Diego Donoso, business president for Polyethylene and Packaging, which includes polyethylene, specialty films, elastomers sold into packaging, adhesives and functional materials, PV films and the Licensing and Catalyst business
• Kim Ann Mink, business president for Elastomers, Electrical and Telecommunications
"Our Hydrocarbons and Feedstocks teams will continue their progress in driving Dow's strength in cost-advantaged regions - directly supporting profitable growth for our derivatives business," Fitterling said. "In addition to supporting our current growth projects, we will place a strong effort into improving our position in Europe, as the region adjusts to changing macroeconomic and competitive dynamics."
"And in both Packaging and Elastomers, as well as Electrical and Telecommunications, we will continue to drive forward on the strength of both businesses' strong, complementary customer-centric innovation and operational excellence culture," he adds. "These are extremely well-managed operations, with strong price volume management, and a streamlined, responsive organization that is focused on market leadership."
Reporting to Joe Harlan, executive vice president, with executive oversight of Chemicals, Energy and Performance Materials, are:
• David Blakemore, business president, EO Derivatives (Amines, PS&F, Oxygenated Solvents), GCO (Global Chlorinated Organics), and Plastics Additives
• Mauro Gregorio, business president, Energy Solutions, which will include Oil, Gas and Mining, Dow Solar, and the Energy business (excluding energy policy)
• Noelle Walsh, business president, Chemicals and Propylene Oxide (PO)
• Glenn Wright, business president, Polyurethanes and Formulated Systems
"This new structure of Chemicals, Energy and Performance Materials brings together the full strength of Dow's integrated envelope management and diversified product offerings to our customers," Harlan said. "This exciting organization will drive our transformation to the next level, and ensure we continue on the path of continued growth and competitiveness in the marketplace."
Reporting to Howard Ungerleider, executive vice president, with executive oversight of Advanced Materials, are:
• Neil Carr, business president for Functional Materials and Dow Water & Process Solutions
• Carol Eicher, business president for Dow Coating Materials and Dow Building & Construction
• Pat Gottschalk, business president for Performance Monomers and Epoxy
• Dominic Yang, business president for Electronic Materials
"These market-driven, downstream businesses are a core pillar of Dow's transformational growth agenda, and are critical for our future success," said Ungerleider. "Tremendous progress has been made over the last several years in our market and value chain intimacy. We must keep the momentum going, and raise the bar even higher on our performance."
Reporting to Bill Weideman, chief financial officer and executive vice president, with oversight of Finance, Dow AgroSciences, and Corporate Development, are:
• Antonio Galindez, business president and CEO of Dow AgroSciences
• Torsten Kraef, corporate vice president, Strategy Development, and secretary to the Executive Committee
"Dow AgroSciences continues to serve as an important growth platform for our Company, and the business' laser-like focus on successfully commercializing new technologies and delivering profitable growth has served Dow well - and will continue to do so in the next phase of our transformation," Weideman said. "In addition, our focus on corporate strategy will be critical as Dow continues to accelerate the advancement and execution of our Company's next level of earnings growth and profitability."