Dow Corning CEO retire following Dow Chemical takeover

Dow Corning CEO to retire following Dow Chemical takeover

10:22 AM, 17th May 2016
Dow Corning CEO to retire following Dow Chemical takeover
Robert (Bob) Hansen, chairman, CEO and president of Dow Corning Corp. (File photo)

MIDLAND, US: Dow Chemical Company and Dow Corning Corporation said that Robert (Bob) Hansen, chairman, chief executive officer and president, will retire from Dow Corning upon the completion of Dow’s ownership restructure transaction with Corning Inc, which is expected to close in the second quarter.

Hansen, who has completed 34 years of service with Dow Corning, will stay to ensure a smooth ownership transition for Corning’s silicones business.

“Bob’s leadership and strategic direction has positioned Dow Corning well for this next phase of growth and success,” said Andrew Liveris, Dow’s chairman and CEO.

Dow has named Howard Ungerleider, vice chairman and chief financial officer of Dow as chairman of Dow Corning. Also Mauro Gregorio, currently vice president leading the Dow Corning integration, is named as Dow Corning CEO.

Most recently, Gregorio led Dow’s elastomers and electrical and telecommunications portfolio along with the energy and feedstocks business.

“Howard and Mauro have been leading our integration efforts and they have developed an intimate understanding of Dow Corning’s silicones business. I am confident we have the right leadership in place to unlock the tremendous growth potential of this transaction,” said Liveris.

© Worldofchemicals News

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


Metabolix explores strategic alternatives for biopolymers, crop science biz

CAMBRIDGE, US: Metabolix Inc said it is exploring strategic alternatives for its specialty biopolymers and Yield10 crop science business. The company ...

Read more
Albemarle set to explore sale of $3 billion treatment unit

NEW YORK, US: Albemarle Corp said it is exploring the potential sale of a surface-treatment division, according to people familiar with the matter, as ...

Read more
Gelest to increase germane capacity in US

MORRISVILLE, US: Gelest Inc said it will increase germane (GeH4) capacity at its Morrisville plant in the US, to meet the rise in global demand by the ...

Read more
Archroma signs MoU with Textile Institute of Pakistan

REINACH, SWITZERLAND: Archroma has signed a memorandum of understanding (MoU) with Textile Institute of Pakistan (TIP), for formal cooperation between ...

Read more
Stahl opens new leather application lab in Karachi, Pakistan

KARACHI, PAKISTAN: Stahl Holdings BV has opened its new leather application lab in Karachi, Pakistan. The lab focuses on the latest developments of ne ...

Read more
LSB Industries to sell climate control business to NIBE for $364 mn

OKLAHOMA CITY, US: LSB Industries Inc (LSB) has entered into a definitive agreement to sell its climate control business (CCB) to NIBE Industrier AB o ...

Read more