Dow’s new business structure support future growth

Dow’s new business structure to support future growth

5:53 AM, 5th September 2012
Dow’s new business structure to support future growth
Andrew N Liveris, Chairman and CEO, Dow Chemical. (C) Reuters.

MIDLAND, US: Dow Chemical is introducing a new business structure and executive leadership appointments. Effective immediately, the company will eliminate the current business division structure and move to a global business unit model that will have business presidents. The business presidents will be fully accountable for generating increased earnings, accelerated advancement and execution of the company’s strategy.

The business presidents will report to a newly formed executive committee of the company. The executive committee will set the overall direction and strategy for Dow, monitor and deliver results, and optimize resource deployment across the businesses. The business presidents will be announced later during the week.

Members of the executive committee include; Andrew N Liveris (Chairman and CEO); James R Fitterling (Executive Vice President, will have executive oversight of Feedstocks, Performance Plastics, Asia and Latin America); Joe Harlan, (Executive Vice President, will have executive oversight of Chemicals, Energy, and Performance Materials); Howard Ungerleider (Executive VP, will have executive oversight of Advanced Materials); and Bill Weideman (Chief Financial Officer and Executive VP, will have executive oversight of Finance, Dow AgroSciences, and Corporate Development).

“To accomplish our strategic objectives and deliver increased results in the next stage of Dow’s transformation, it will require a different business organization and operating structure. Moving forward, we will have less structure at the top with more deployment and implementation in the markets,” informed Liveris.

“We will have less centralization and more decentralization. This will better enable us to intensely focus on our customer and on developing markets around the world. Streamlining our business and leadership structure will result in a more agile, flexible and customer-focused company,” added Liveris.

© WOC 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


Jacobs, Spiral Solutions receive Ogden Air Logistics Centre contract

PASADENA, US: Jacobs Engineering Group along with Spiral Solutions and Technologies received Mission Planning Support Contract (MPSC II), from the O ...

Read more
Lanxess to build world’s largest EPDM plant in China

SHANGHAI, CHINA/LEVERKUSEN, GERMANY: Lanxess is building the world’s largest plant for ethylene propylene diene monomer (EPDM) synthetic rubber ...

Read more
Codexis appoints David O’Toole as Chief Financial Officer

REDWOOD CITY, US: Codexis Inc appointed David O’Toole as Senior Vice President and Chief Financial Officer, effective from 4 September 2012. He ...

Read more
Foster Wheeler bags CFB steam generator contract in Korea

ZUG, SWITZERLAND: Foster Wheeler AG’s Global Power Group subsidiary has been awarded a contract by Yeosu Cogeneration Corporation, a subsidiary ...

Read more
TMO to receive biofuels feedstock supply from Heilongjiang

SURREY, UNITED KINGDOM: TMO Renewables, developer of second generation biofuels technology, signed a Memorandum of Understanding (MOU) with the author ...

Read more
Merck to reduce 1100 jobs and close sites in Germany

DARMSTADT, GERMANY: Merck KGaA has agreed with employee representatives on an efficiency plan for the company’s operations in Germany. The effic ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X