Dow confirms it is conducting a review of its AgroSciences division with a focus on “creating new synergies in a consolidating agricultural market.”
In a statement, the company says is considering “only those prospects that will extract further value from this highly attractive and well-positioned business and return significant value to its shareholders, and will compare those options to that of the value created by retaining the business.”
Dow is also reorganizing its executive leadership team and their responsibilities. Dow says these changes were made “in order to maintain the company’s aggressive focus on executing against its strategic priorities, continuing to deliver sustainable earnings growth and increasingly reward shareholders.”
- James (Jim) R. Fitterling has been appointed Vice Chairman and Chief Operating Officer. In this capacity, he will have accountability for all of Dow’s businesses except Dow AgroSciences, Operations including Environment, Health & Safety and Sustainability, Manufacturing and Engineering, and Supply Chain, as well as Research & Development.
- Howard I. Ungerleider has added the position of Vice Chairman to his existing role as Chief Financial Officer. He will also assume responsibility for leading Dow AgroSciences. Dow’s Corporate Strategy Development, Corporate Planning, Finance, Information Technology & Business Services functions will also now report to Ungerleider.
More information is available here: http://www.dow.com/news/press-releases/dow%20announces%20further%20goals%20in%20its%20portfolio%20transformation
