“I am very excited and humbled to lead Dow into its next phase of growth,” said Fitterling, who joined Dow in 1984. "...Dow delivers higher and more stable returns for our investors, more innovative and collaborative solutions for our customers, and more world-class opportunities for our employees."
Howard Ungerleider, DowDuPont’s CFO and the Dow Chemical Company’s vice chairman and CFO, will serve as president and CFO of the intended Material Science Company.
"I am committed to working with Howard, and the rest of the Dow team, to further this momentum," Fitterling said. "Our goal is to continue to exceed the expectations of our customers and shareholders by leveraging our integration-backed and innovation-led business model to provide solutions to world-scale challenges.”
Both Fitterling and Ungerleider, who joined Dow in 1990, will continue to serve in their current roles at
“Ensuring a thoughtful and orderly leadership succession has been a top priority for the Board and for me throughout my tenure as CEO and as a result we have had a very comprehensive succession process since the beginning of my tenure,” said
“Therefore, we believe that now is a good time to put in place the succession plans. Many of our mega-investments, including in
“Jim and Howard have been valued members of Dow’s and my most senior leadership team and have each played a pivotal role in developing and executing Dow’s market-driven strategy,” Liveris added. “Working side-by-side with both individuals over the last number of years, I have seen first-hand their unrivaled knowledge of our business and industry, unparalleled understanding of our customer’s needs, and commitment to fostering an innovative, collaborative and inclusive culture for our people. I am proud of both of them as leaders and as representatives of Dow’s values.”