DowDuPont Executive Chairman to step down April 1

DowDuPont Executive Chairman to step down April 1

He is set to relinquish the role of executive chairman on April 1 and step down from the company's board in July.

"Over the last 14 years, we have transformed Dow from a cyclical chemicals manufacturing company into one powered by science, driven by innovation and delivering solutions to the world", Andrew Liveris says in a written statement today.

"Over the last 14 years, we have transformed Dow from a cyclical chemicals manufacturing company into one powered by science, driven by innovation and delivering solutions to the world".

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Mr. Liveris, 63, had previously said that he would most likely leave the company this year.

Midland-based Dow Chemical Co. and Wilmington, Del. -based DuPont Co., the two largest USA chemical makers, have received all the regulatory approvals needed to close their historic merger. Within 18 months of closing, DowDuPont has said it will split into three separate companies focused on agriculture, specialty products and materials.

Jeff Fettig, co-lead independent director for DowDuPont, will take over as executive chairman. The other two in DuPont's home state of Delaware.

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