MIDLAND,
Mich., Oct. 24, 2023 /PRNewswire/ -- Dow Inc.
(NYSE: DOW) today announced that Howard
Ungerleider has elected to retire from the Company to pursue
new opportunities following 33 years of service with Dow. The Board
of Directors has elected Jeffrey L.
Tate to the role of chief financial officer, effective
November 1, 2023.
Ungerleider most recently served as president and chief
financial officer, having been elected president in March 2018, in preparation for the separation and
creation of Dow Inc., and first assuming the role of chief
financial officer on October 1, 2014.
He will officially retire in January
2024, and will immediately begin working with Tate to ensure
a smooth transition of leadership responsibilities.
Tate, 54, rejoins Dow following his service as executive vice
president and chief financial officer of Leggett & Platt from
September 2019 through June
2023.
Tate first joined Dow in 1992 and brings 27 years of prior Dow
service in senior-level finance, operating and general management
roles, including serving as vice president of finance for Dow
Packaging & Specialty Plastics. In prior roles, he was chief
audit executive leading Dow's global internal audit and
investigation activities and was also director of investor
relations. Tate is a certified public accountant, with a Bachelor
of Science in accounting from the University
of Alabama. He is a member of the board of directors of
Huntington Bancshares Incorporated, and also previously served on
the Public Company Accounting Oversight Board's (PCAOB) Standing
Advisory Group.
"Jeff is a proven leader with tremendous strategic and financial
capabilities, as well as trusted leadership," said Jim Fitterling, Dow's chair and chief executive
officer. "We are excited to have Jeff back at Dow where his
demonstrated track record of financial acumen, and his newly gained
external perspectives will serve him and Dow well going
forward."
Ungerleider joined Dow in 1990 and his career has spanned a wide
variety of commercial, business, financial, geographic, functional
and enterprise-level leadership roles globally, including executive
vice president of Dow's Advanced Materials Division, president of
Dow's Performance Plastics Division, vice president of Investor
Relations, and North American commercial vice president for Basic
Plastics. Starting in Dow's commercial development program and
throughout his career, Ungerleider invested countless hours in
mentoring employees, developing leaders, and advocating for Dow's
employee resource groups. An energetic internal and external
leader, he currently chairs the Business Leaders of Michigan and serves on the board of directors
of Kyndryl, the Michigan Baseball Foundation, and as a trustee of
The Rollin M. Gerstacker Foundation.
"The Board and I want to thank Howard for his years of service
to Dow," said Fitterling. "During his tenure as CFO, Howard has
been an outstanding steward of Dow's financial strategy including
providing leadership through a critical phase of our
transformation. He leaves a legacy across our global organization,
and Dow will continue to build on the strong trajectory that he and
his team have set for years to come. We thank him for the
thoughtful transition with Jeff and for the incredible value he has
delivered for Dow over the last three decades."
About Dow
Dow (NYSE: DOW) combines global breadth;
asset integration and scale; focused innovation and materials
science expertise; leading business positions; and environmental,
social and governance leadership to achieve profitable growth and
help deliver a sustainable future. The Company's ambition is to
become the most innovative, customer centric, inclusive and
sustainable materials science company in the world. Dow's portfolio
of plastics, industrial intermediates, coatings and silicones
businesses delivers a broad range of differentiated, science-based
products and solutions for its customers in high-growth market
segments, such as packaging, infrastructure, mobility and consumer
applications. Dow operates manufacturing sites in 31 countries
and employs approximately 37,800 people. Dow delivered sales of
approximately $57 billion in 2022. References to Dow or the
Company mean Dow Inc. and its subsidiaries. For more information,
please visit www.dow.com or follow @DowNewsroom on
Twitter.
For further information, please contact:
Investors:
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Media:
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Pankaj Gupta
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Rachelle
Schikorra
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pgupta@dow.com
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yschikorra@dow.com
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+1
989-638-5265
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+1
989-513-8598
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Twitter: https://twitter.com/DowNewsroom
Facebook: https://www.facebook.com/dow/
LinkedIn: http://www.linkedin.com/company/dow-chemical
Instagram: http://instagram.com/dow_official
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SOURCE The Dow Chemical Company