MIDLAND, Mich., March 13 /PRNewswire-FirstCall/ -- In an announcement to employees earlier today, Andrew Liveris, Chairman and CEO of The Dow Chemical Company, unveiled a new corporate and business leadership structure, focused on accelerating the implementation of Dow's transformational growth strategy.
"As we look towards our future, it is essential that we define a leadership organization and leadership teams that will swiftly take us to the next phase of our evolution. Over the past few months, this has been my key area of focus - ensuring we have the right people, concentrating on the right tasks, with the right levels of empowerment," Liveris told Dow's 43,000 employees.
"I am extremely excited by the structure and the teams we are setting in place today - they will be the catalyst for tremendous change as we drive forward with the next phase of our strategic agenda," he added.
The senior level realignment includes the formation of a five person Executive Leadership Committee that will concentrate on defining the Company's strategic direction, prioritizing its investment agenda, establishing enterprise-wide policy and setting financial plans and performance metrics. In addition to Liveris, the Committee comprises:
- Geoffery Merszei, executive vice president and chief financial officer
- Romeo Kreinberg, executive vice president, Performance Businesses
- Heinz Haller, senior vice president, Strategic Development and
New Ventures
- Mike Gambrell, executive vice president, Basics Businesses
Liveris has also redefined its global business portfolio, structuring it around eight distinct groups - each of which will be led by a business president. Six of these groupings are new, while two are already in place.
Group President
Basic Plastics Jim Fitterling
Basic Chemicals Earl Shipp
Polyurethanes Pat Dawson
Designed Polymers & Latex Peter Davis
Epoxy & Intermediates /
Specialty Chemicals Patrick Ho
Specialty Plastics George Biltz
Dow Agrosciences Jerome Peribere
Hydrocarbons & Energy Juan Luciano
The eight Business presidents will be held accountable for implementing appropriate growth strategies for the businesses in their division, and for playing their part in meeting the Company's short-term and long-term financial goals.
"The business leadership framework we have put in place creates an environment of greater accountability and increased autonomy, in which these eights presidents will have the agility and the authority to model their businesses around the individual drivers of long-term success."
"I am confident that the new structure will provide the catalyst for significant and sustainable change - continuing the positive momentum that we have built so successfully over the past few years," he concluded.
About Dow
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at http://www.dow.com/.
