DuPont and The Dow Chemical Company announced senior leadership appointments for DowDuPont Inc., following the consummation of the proposed merger of equals.Staff writer | Dupont">May 24, 2016, Wilmington, De., USA | Tuesday May 24, 2016 9:03AM ET
Dow, Dupont announce top executives
The appointments will be effective upon completion of the proposed merger transaction, which is expected to close in the second half of 2016, subject to satisfaction of customary closing conditions, including receipt of stockholder and regulatory approvals.
Andrew N. Liveris, chairman and chief executive officer of Dow, will become executive chairman of DowDuPont.
Mr. Liveris is Chairman and Chief Executive Officer of The Dow Chemical Company, a materials, polymers, chemicals and biological sciences enterprise.
A 40-year veteran of Dow and recognized global business leader, Mr. Liveris' career has spanned roles in manufacturing, engineering, sales, marketing, and business and general management around the world. In addition to other duties, Mr. Liveris will have responsibility for the Material Science business.
In addition to his work at Dow, Mr. Liveris’ breadth of experience and expertise is broadly represented across business, government, academic and non-profit sectors.
He sits on the Board of Directors of IBM, is Vice Chair of the Business Roundtable, an Executive Committee Member and Past Chairman of the U.S. Business Council, and a member of the U.S. President's Export Council and the Australian government’s Industry Growth Centres Advisory Committee.
He serves on the Board of Trustees for the Herbert H. and Grace A. Dow Foundation, California Institute of Technology and the United States Council for International Business.
Mr. Liveris attended the University of Queensland in Brisbane, graduating with a bachelor's degree (first-class honors) in Chemical Engineering. He is a Chartered Engineer and a Fellow of The Institute of Chemical Engineers as well as a Fellow of the Australian Academy of Technological Sciences and Engineering.
Edward D. Breen, chair and chief executive officer of DuPont, will become chief executive officer of DowDuPont.
In addition to other duties, Mr. Breen will have responsibility for the Agriculture and Specialty Products businesses.
Mr. Breen is chair of the board and CEO. He joined the DuPont board of directors in February 2015, was named interim chair of the board and CEO on October 16, 2015, and assumed his current role November 9, 2015.
Mr. Breen served as chairman and CEO of Tyco International plc from July 2002 until September 2012. He oversaw a successful restructuring, including divesting non-core operations resulting in the spin-offs of Covidien, TE Connectivity, ADT Corporation and the merger of Tyco Flow Control with Pentair.
Prior to joining Tyco, Mr. Breen held several senior management positions at Motorola from 2000 to 2002, including as president and chief operating officer. From December 1997 to January 2000, he served as chairman, president and chief executive officer of General Instrument Corporation
Between 1994 and 1997, Mr. Breen was president of the Broadband Networks Group for General Instrument, President of Eastern Operations for the Communications Division and served as Executive Vice President of Terrestrial Systems.
Mr. Breen currently serves as chairman of Tyco and a director of Comcast Corporation. He also serves as a member of the advisory board of New Mountain Capital LLC, a private equity firm. Mr. Breen has been awarded numerous governance awards including being named one of the "100 Most Influential People in Business Ethics" by Ethisphere.
Senior leadership team appointments announced include:
Howard Ungerleider will become chief financial officer for DowDuPont.
Mr. Ungerleider is currently vice chairman and chief financial officer of Dow, with executive oversight for Dow AgroSciences, Dow’s Corporate Strategy Development, Corporate Planning, Finance, Information Technology & Business Services, and chairman of Dow Corning, pending the successful close of Dow’s ownership restructuring of this joint venture on June 1.
Stacy Fox will become general counsel for DowDuPont.
Ms. Fox is currently senior vice president and general counsel for DuPont.
Charles J. Kalil will become special counsellor to the executive chairman of DowDuPont, as well as general counsel for the Material Science business.
Mr. Kalil is currently executive vice president and general counsel of Dow.
Jim Fitterling, currently president and chief operating officer for Dow, will become chief operating officer for DowDuPont’s Material Science business, which DowDuPont intends to separate as a leading, independent, pure-play industry leader, subject to approval by the DowDuPont Board.
James C. Collins, Jr., currently executive vice president for DuPont and leader of DuPont’s Agriculture business segment, will become chief operating officer for DowDuPont’s Agriculture business, which DowDuPont intends to separate as a leading, independent, pure-play agricultural company, subject to approval by the DowDuPont Board.
Marc Doyle, currently executive vice president and leader of DuPont’s Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection businesses, will become chief operating officer for DowDuPont’s Specialty Products business, which DowDuPont intends to separate as a technology driven innovative leader, subject to approval by the DowDuPont Board.
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