Longtime Dow Chemical chief Andrew Liveris to leave
Editors Note APNewsNow.
MIDLAND, Mich. (AP) _ The longtime chief executive of Dow Chemical, who led the company through the financial crisis, a merger with rival DuPont and then the planned disassembly of the entire enterprise, is stepping down.
Andrew Liveris announced two years ago he'd retire by mid-2017, but that was delayed until the company named a successor.
DowDupont Inc. said Monday that Liveris, 63, will give up his executive chairmanship in April, and his role as director in July, when he officially retires.
Jeff Fettig, a longtime independent director, will become executive chairman. Jim Fitterling will lead the materials-science company, to be created during a planned breakup next year. DowDuPont will break itself into three distinct companies after a successful, $62 billion merger between Dow and DuPont last year.
By The Associated Press, Copyright 2019