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.

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