Midland, Michigan-Dow Chemical Co.'s chairman and ceo Andrew Liveris has announced a new management structure, to accelerate the company's ability to carry out of its growth strategy. The polyurethanes business remains under the continuing leadership of Pat Dawson.
"As we look towards our future, it is essential that we define a leadership organisation and leadership teams that will swiftly take us to the next phase of our evolution," said Liveris, in a statement to Dow's 43000 employees.
Dow has set up a five-person Executive Leadership Committee that will concentrate on defining its strategic direction, prioritising investment, establishing group-wide policy and setting financial plans and performance goals. 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 Dow's business portfolio into eight groups-each led by a business president. Six of these groupings are new, while two are already in place.
Basic Plastics-Jim Fitterling
Basic Chemicals-Earl Shipp
Designed Polymers & Latex-Peter Davies
Epoxy & Intermediates / Specialty Chemicals-Patrick Ho
Specialty Plastics-George Biltz
Dow Agrosciences-Jerome Peribere
Hydrocarbons & Energy-Juan Luciano
"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," Liveris commented.
They will implement appropriate growth strategies to help Dow meet its short-term and long-term financial goals, the announcement said. (EPW)"