Dow’s Board of Directors plans to appoint CEO Jim Fitterling to serve as chairman; Jill Wyant has also been nominated to th...
February 18 2020 - 8:00AM
Business Wire
Dow (NYSE: DOW) today announced that its Board of Directors
plans to appoint Dow CEO Jim Fitterling to be chairman
following the Company’s Annual Meeting of Stockholders on April 9,
2020.
“Jim has demonstrated exceptional leadership of Dow,
successfully guiding the Company through its separation from
DowDuPont Inc. and strengthening its competitive position among
industry peers,” said Jeff Fettig, non-executive chairman of
Dow’s Board of Directors. “The board is confident that this
appointment will enable Jim to continue to accelerate the
meaningful changes he has already initiated for Dow to achieve its
ambition as a world-leading materials science company.”
Following the Annual Meeting, directors will select an
independent lead director who has served for at least one year on
the Board.
Dow also announced that Jill Wyant, executive vice
president and president of global regions at Ecolab Inc., has been
nominated to stand for election to Dow’s Board of Directors at the
Company’s Annual Meeting. As a senior strategy and operating
executive with 25 years of experience leading Fortune 500
businesses in the industrial and healthcare sectors, Ms. Wyant
brings a strong track record of driving business growth and
profitability through breakthrough innovation, manufacturing
excellence and operational efficiency, as well as experience
driving enterprise-wide digital transformations.
“We are certain that Jill’s fresh and relevant perspective from
a parallel industry will enhance the diversity of experience and
ideas within our Board,” said Fettig. “Her global business
management, innovation, sustainability and consumer expertise is
fully aligned with Dow’s ambition and growth strategy.”
Furthermore, Ruth G. Shaw, former group executive for
public policy and president at Duke Nuclear, will continue to serve
out her term until the Annual Meeting, at which time she will
retire in accordance with the director tenure requirements of the
Company’s Corporate Governance Guidelines. With 15 years of
exemplary leadership on Dow’s Board, Ms. Shaw has contributed
significantly to the oversight of Dow and served on a variety of
committees, including, most recently, as chair of the Compensation
and Leadership Development Committee. She also helped lead the
Company through several transformational events, including the
DowDuPont transaction.
Dow’s Board of Directors bring a variety of relevant skills and
diverse experiences, which includes senior leadership, global
business, capital allocation, financial acumen, technology
expertise, operational experience, as well as marketing and
academic research backgrounds. The board is comprised of a strong
balance of new and experienced directors, with more than half
joining in the past five years. Additionally, Dow’s board possesses
gender and ethnic diversity – more than half of the independent
directors are female or members of a U.S. ethnic minority
group.
For a complete list of Dow’s board, committee assignments and
other corporate governance information, visit our Corporate
Governance website.
About Dow
Dow (NYSE: DOW) combines global breadth, asset integration and
scale, focused innovation and leading business positions to achieve
profitable growth. The Company’s ambition is to become the most
innovative, customer centric, inclusive and sustainable materials
science company. Dow’s portfolio of plastics, industrial
intermediates, coatings and silicones businesses delivers a broad
range of differentiated science-based products and solutions for
its customers in high-growth market segments, such as packaging,
infrastructure and consumer care. Dow operates 109 manufacturing
sites in 31 countries and employs approximately 36,500 people. Dow
delivered sales of approximately $43 billion in 2019. References to
Dow or the Company mean Dow Inc. and its subsidiaries. For more
information, please visit www.dow.com or follow @DowNewsroom on
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200218005311/en/
Rachelle Schikorra +1 989-638-4090
ryschikorra@dow.com
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