Dow was recognized as one of the top 10 “Best Companies for Leaders” by "Chief Executive" magazine. Since 2005, "Chief Executive" has identified companies that excel in leadership development, which includes both formal and informal training. The final top 40 ranking consists of public companies with more than $1 billion in revenue. IBM, GE and Unilever join Dow in the top 10.
“This ranking is a significant recognition of our longstanding commitment to talent and leadership development at Dow,” said Gregory Freiwald, Dow’s chief human resources officer and executive vice president.
Each company was judged on its reputation among peers along with the percent of senior management recruited from internal talent pools. Other influencing factors included whether the company has a formal leadership process, the commitment level of the CEO to the leadership development program and the number of companies that report recruiting from the company being evaluated. Each prospect was also given a shareholder value-performance metric based on 10-year growth or decline in market capitalization.
Recent initiatives like the CEO International Exchange program, the skills-based Leadership in Action program in Ghana, and the Leadership Effectiveness Survey are examples of how Dow is forward thinking in developing current and future leaders.
“I am proud to see that our investment in leader development is being recognized externally,” said Freiwald.