03/02/2011

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Dow creates new Performance Plastics Division

Dow said that this formation reflects the company's active portfolio management over the last two years that has resulted in the de-emphasis of its commodity plastics products, especially following the divestment of Styron.Leader of the new division will be . He is currently vice president of Investor Relations.In a related move, Jim Fitterling, executive vice president, adds Corporate Development to his current Hydrocarbons Divisional leadership role. He will assume Corporate Strategy Development responsibility at the ELC level and will have responsibility for ELC, Strategy and Portfolio Team (SPT), Senior Leadership Team (SLT) and Global Leadership Team (GLT) agendas, and oversight of the Transformation Project Management Office (PMO).In addition, the Chlorinated Solvents business will move to the Performance Products and Systems Division and report to Juan Luciano, executive vice president and president of this division.Dow will now have six business divisions:Dow AgrosciencesAdvanced MaterialsPerformance Products and SystemsPerformance PlasticsChemicals and EnergyHydrocarbons.

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