Dow and DuPont announce new appointments
DuPont and The Dow Chemical Company have announced senior leadership appointments for DowDuPont Inc (DowDuPont), following the consummation of the proposed merger of equals. The appointments will be effective upon completion of the proposed merger transaction, which is expected to close in the second half of 2016, subject to satisfaction of customary closing conditions, including receipt of stockholder and regulatory approvals.
As previously disclosed, Andrew N Liveris, chairman and chief executive officer of Dow, will become executive chairman of DowDuPont. Edward D Breen, chair and chief executive officer of DuPont, will become chief executive officer of DowDuPont. Senior leadership team appointments announced include:
Howard Ungerleider will become chief financial officer for DowDuPont.
Stacy Fox will become general counsel for DowDuPont. Fox is currently senior vice president and general counsel for DuPont.
Charles J. Kalil will become special counsellor to the executive chairman of DowDuPont, as well as general counsel for the Material Science business.
Jim Fitterling, currently president and chief operating officer for Dow, will become chief operating officer for DowDuPont´s Material Science business, which DowDuPont intends to separate as a leading, independent, pure-play industry leader, subject to approval by the DowDuPont Board.
James C. Collins, Jr., currently executive vice president for DuPont and leader of DuPont´s Agriculture business segment, will become chief operating officer for DowDuPont´s Agriculture business.
Marc Doyle, currently executive vice president and leader of DuPont´s Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety &; Protection businesses, will become chief operating officer for DowDuPont´s Specialty Products business.
´Each of these executives has a proven track record of executing against a strategic agenda and maximizing stockholder value creation,´ said Liveris, chairman and chief executive officer of Dow. ´By combining the immense talent from both organisations, DowDuPont´s three business divisions will each have a strong and focused leader at the helm driving a clear strategy designed to deliver superior solutions and choices for customers.