Liveris has informed the Board that he will no longer serve as executive chairman of DowDuPont effective April 1, 2018, and Jeff Fettig, current co-lead independent director for DowDuPont, will serve as a non-employee executive chairman of the Board of DowDuPont. Liveris will continue as a director of DowDuPont through his previously announced retirement from the company effective July 1, 2018.
“On behalf of the Board, we want to thank Andrew for his outstanding leadership and vision. Dow has achieved record operating results and shareholder value under Andrew’s leadership, which continues as part of the DowDuPont merger,” said Fettig. “Andrew is truly a global CEO in every sense of the term, and his leadership not only at Dow, but across the entire business community, will be felt for decades.”
“Over the last 14 years, we have transformed Dow from a cyclical chemicals manufacturing company into one powered by science, driven by innovation and delivering solutions to the world. We have aggressively invested in R&D and radically transformed our portfolio of businesses while proudly maintaining our commitment to our heritage and values,” said Liveris.
In addition to his successful leadership of Dow, Liveris has been an international advocate for the criticality of manufacturing to the long-term health of national economies. Liveris is the author of “Make It in America,” a book which presents a comprehensive set of practical policy solutions and business strategies to achieve the company’s vision of an Advanced Manufacturing economy. He currently serves on Secretary Acosta’s Workforce of the Future Committee and previously he served as co-chair of US President Obama’s Advanced Manufacturing Partnership steering committee and a member of the US President’s Export Council.
Liveris sits on the Board of Directors of IBM, is a member and previous vice chair of the Business Roundtable, an Executive Committee member and past chairman of the US Business Council, and a member of the Concordia Leadership Council and the Australian government’s Industry Growth Centres Advisory Committee.
Photo courtesy Wikimedia Commons