The Dow Chemical Co. has created a new global business unit structure with the appointment of business presidents who will report directly to an executive committee.
The Midland-based chemical company announced in a release the business presidents will be fully accountable for generating increased earnings, and the accelerated advancement and execution of the company's strategy. The executive committee will set the overall direction and strategy for Dow, monitor and deliver results, and optimize resource deployment across the businesses.
"To accomplish our strategic objectives and deliver increased results in the next stage of Dow's transformation, it will require a different business organization and operating structure than the one that has taken us to where we are today in Dow's transformation," said Andrew N. Liveris, Dow's chairman and CEO. "We continue to adapt our business model to take advantage of the changing dynamics in the global marketplace."...