Dow DuPont announces senior leadership appointments DowDuPont

Dow and DuPont announces senior leadership appointments for DowDuPont

10:34 AM, 25th May 2016
Dow and DuPont announces senior leadership appointments for DowDuPont
Edward Breen (left), chairman and CEO of DuPont, will become CEO of DowDuPont. Andrew Liveris, chairman and CEO of Dow, will become executive chairman of DowDuPont. (File photo) © WSJ and Reuters

WILMINGTON/MIDLAND, US: The Dow Chemical Company and DuPont Company have announced senior leadership appointments for DowDuPont Inc, following the consummation of the proposed merger of equals.

The appointments will be effective upon completion of the proposed merger transaction, which is expected to close in the second half of 2016.

As previously disclosed, Andrew Liveris, chairman and CEO of Dow, will become executive chairman of DowDuPont. Edward Breen, chairman and CEO of DuPont, will become CEO of DowDuPont. In addition to other duties, Liveris will have responsibility for the material science business, and Breen will have responsibility for the agriculture and speciality products businesses. Both executives will report to the DowDuPont board of directors.

Senior leadership team appointments include:

  • Howard Ungerleider currently vice chairman and chief financial officer of Dow will become CFO for DowDuPont.
  • Stacy Fox currently senior VP and general counsel for DuPont will become general counsel for DowDuPont.
  • Charles Kalil currently executive VP and general counsel of Dow will become special counsellor to the executive chairman of DowDuPont, as well as general counsel for the Material Science business.
  • Jim Fitterling currently president and COO for Dow, will become chief operating officer for DowDuPont’s material science business, which DowDuPont intends to separate as a leading, independent, pure-play industry leader.
  • The material science business, to be named Dow, will consist of the Dow performance plastics, performance materials & chemicals, infrastructure solutions, and consumer solutions (excluding the Dow electronic materials business) operating segments, as well as the DuPont performance materials segment. It will also include Dow Corning silicones, pending the successful close of Dow’s ownership restructuring of this joint venture on 1 June.
  • James Collins Jr currently executive VP for DuPont and leader of DuPont’s agriculture business segment will become chief operating officer for DowDuPont’s agriculture business, which DowDuPont intends to separate as a leading, independent, pure-play agricultural company, subject to approval by the DowDuPont board. The agriculture business will unite DuPont’s and Dow’s seed and crop protection businesses.
  • Marc Doyle currently executive vice president and leader of DuPont’s electronics & communications businesses will become chief operating officer for DowDuPont’s speciality products business, which DowDuPont intends to separate as a technology driven innovative leader. The speciality products business will include the DuPont nutrition & health, industrial biosciences, safety & protection and electronics & communications businesses, as well as the Dow electronic materials business.

“By combining the immense talent from both organisations, DowDuPont’s three business divisions will each have a strong and focused leader at the helm driving a clear strategy designed to deliver superior solutions and choices for customers, in addition to setting up the three independent companies,” said Liveris, chairman and CEO of Dow.

“Drawing on two exceptional leadership teams, we have put together a world-class group of executives that will be responsible for quickly integrating the companies, capturing our anticipated cost and revenue synergies and working to operate as independent business divisions as soon as possible after the merger closes,” said Breen, chair and CEO of DuPont.

© Worldofchemicals News


Read more:

Dow Chemical and DuPont are in advanced talks to merge

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Technip bags Statoil’s umbilical supply contract in Norway

PARIS, FRANCE: Technip Umbilicals Ltd, a wholly-owned subsidiary of Technip SA has been awarded a contract by Statoil ASA to supply the umbilical to t ...

Read more
Sekisui starts up expanded methyl acetate unit in Spain

DALLAS, US: Sekisui Specialty Chemicals said that it has started up a major capacity expansion of its high purity (99.5 percent) methyl acetate produc ...

Read more
Givaudan acquires ConAgra Foods’ spicetec flavours & seasonings biz

VERNIER, SWITZERLAND: Givaudan SA has acquired spicetec flavours & seasonings business from ConAgra Foods Inc for $340 million. The transaction is ...

Read more
Honeywell breaks ground for new manufacturing facility in China

SHANGHAI, CHINA: Honeywell International Inc said that its Honeywell UOP business broke ground on a new manufacturing facility outside Shanghai, China ...

Read more
FMC plans to increase lithium hydroxide production capacity

PHILADELPHIA, US: FMC Corporation plans to increase its production capacity of lithium hydroxide by a total of 20,000 metric tonnes per year, effectiv ...

Read more
Trinseo names DuPont VP as new executive VP, chief financial officer

BERWYN, US: Trinseo has named DuPont’s vice president (VP) Barry Niziolek as the company’s new executive vice president and chief financia ...

Read more