Boston, MA 09/08/2014 (wallstreetpr) – In an initiative to focus on earnings growth, The Dow Chemical Company (NYSE:DOW) has made key changes in its management structure. The company has appointed James (Jim) R. Fitterling as Vice Chairman of Business Operations. He will look after all the main businesses including Dow Elastomers, Dow Packaging and Specialty Plastics, Dow Electrical and Telecommunications and others. The role of vice Chairman and Chief Commercial Officer of Market Business is assigned to Joe E. Harlan. The new Chief Financial Officer of DOW will be Howard I. Ungerleider.
The changes
Executive VP and CFO William H. (Bill) Weideman, and David E. Kepler, executive VP, Chief Information Officer and Chief sustainability officer will retire at the end of this year. Both of them are an integral part of the company since last 40 years. Transitions will be implemented immediately, and the effective date for new appointments is October 1, 2014. The new executive leadership appointments are made so as to bolster the growth in the company.
The past performance
The Dow Chemical Company (NYSE:DOW) has posted earnings growth with impressive margin expansion in seven consecutive quarters. The consistent efforts made towards the fulfillment of the strategic agenda have created long-term value for the shareholder. The right selection of people for the right profile has played an important part in this success. The appointment of executives with proven track record has remained an asset for the company. It will also play an important role in driving DOW’s performance to the next level. The new changes come especially at a time when The Dow Chemical continues with the implementation of proactive portfolio management along with a focus on high-margin growth.
The future ahead
The executive leadership of The Dow Chemical Company (NYSE:DOW) will have the key responsibility of delivering against its strategic priorities. The new team will plan the overall design strategy for Dow, will focus on resource deployment and finally will monitor and deliver results.
