Dow Chemical Co Business Presidents Named to Lead Dow's New Global Businesses

 
TIDMDOW

Following yesterday's announcement regarding The Dow Chemical Company's (NYSE:DOW) new business structure, today the Company announced 13 business presidents who have been named to lead Dow's new Global Businesses. These business presidents will report to members of the newly formed Executive Committee, and the appointments are effective immediately.

"Moving forward, we must accelerate our speed of commercialization, and significantly increase revenue and margin growth," said Andrew N. Liveris, Dow's chairman and CEO. "With less structure at the top of the Company and more deployment and implementation in the markets, this is the optimal structure for the next phase of our strategy."

The business presidents will focus intensely on generating increased earnings, and accelerating the advancement and execution of Dow's strategy within their businesses.

The appointments are as follows:

Reporting to James R. Fitterling, executive vice president, with executive oversight of Feedstocks, Performance Plastics, Asia and Latin America, are:

Feedstocks:

 
 
    -- Brian Ames, business president for Olefins and Aromatics 
 
    -- Raja Zeidan, business president for Feedstocks

Performance Plastics:

 
 
    -- Diego Donoso, business president for Polyethylene and

Packaging, which includes polyethylene, specialty films, elastomers

sold into packaging, adhesives and functional materials, PV films and

the Licensing and Catalyst business

 
    -- Kim Ann Mink, business president for Elastomers, Electrical and

Telecommunications

"Our Hydrocarbons and Feedstocks teams will continue their progress in driving Dow's strength in cost-advantaged regions - directly supporting profitable growth for our derivatives business," Fitterling said. "In addition to supporting our current growth projects, we will place a strong effort into improving our position in Europe, as the region adjusts to changing macroeconomic and competitive dynamics."

"And in both Packaging and Elastomers, as well as Electrical and Telecommunications, we will continue to drive forward on the strength of both businesses' strong, complementary customer-centric innovation and operational excellence culture," he adds. "These are extremely well-managed operations, with strong price volume management, and a streamlined, responsive organization that is focused on market leadership."

Reporting to Joe Harlan, executive vice president, with executive oversight of Chemicals, Energy and Performance Materials, are:

 
 
    -- David Blakemore, business president, EO Derivatives (Amines,

PS&F, Oxygenated Solvents), GCO (Global Chlorinated Organics), and

Plastics Additives

 
    -- Mauro Gregorio, business president, Energy Solutions, which

will include Oil, Gas and Mining, Dow Solar, and the Energy business

(excluding energy policy)

 
    -- Noelle Walsh, business president, Chemicals and Propylene Oxide

(PO)

 
    -- Glenn Wright, business president, Polyurethanes and Formulated

Systems

"This new structure of Chemicals, Energy and Performance Materials brings together the full strength of Dow's integrated envelope management and diversified product offerings to our customers," Harlan said. "This exciting organization will drive our transformation to the next level, and ensure we continue on the path of continued growth and competitiveness in the marketplace."

Reporting to Howard Ungerleider, executive vice president, with executive oversight of Advanced Materials, are:

 
 
    -- Neil Carr, business president for Functional Materials and Dow

Water & Process Solutions

 
    -- Carol Eicher, business president for Dow Coating Materials and

Dow Building & Construction

 
    -- Pat Gottschalk, business president for Performance Monomers and

Epoxy

 
    -- Dominic Yang, business president for Electronic Materials

"These market-driven, downstream businesses are a core pillar of Dow's transformational growth agenda, and are critical for our future success," said Ungerleider. "Tremendous progress has been made over the last several years in our market and value chain intimacy. We must keep the momentum going, and raise the bar even higher on our performance."

Reporting to Bill Weideman, chief financial officer and executive vice president, with oversight of Finance, Dow AgroSciences, and Corporate Development, are:

 
 
    -- Antonio Galindez, business president and CEO of Dow AgroSciences 
 
    -- Torsten Kraef, corporate vice president, Strategy Development,

and secretary to the Executive Committee

"Dow AgroSciences continues to serve as an important growth platform for our Company, and the business' laser-like focus on successfully commercializing new technologies and delivering profitable growth has served Dow well - and will continue to do so in the next phase of our transformation," Weideman said. "In addition, our focus on corporate strategy will be critical as Dow continues to accelerate the advancement and execution of our Company's next level of earnings growth and profitability."

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. 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 www.dow.com.

Note: The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

For editorial information:The Dow Chemical CompanyRebecca Bentley989-638-8568rmbentley@dow.comFor editorial information:The Dow Chemical CompanyNancy Lamb989-638-7251nelamb@dow.com

Dow Chem. (LSE:DOW)
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