EoW May 2011

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EuroWire – May 2011 14
corporate news
Howard Ungerleider, vice president for investor relations,
has been named senior vice president for Dow, and president
of the newly formed Performance Plastics Division.
The Performance Plastics Division will be comprised of all
Dow plastics including solution polyethylene, wire and cable,
elastomers, films and packaging resins and will include the
packaging and converting unit that is currently part of the
advanced materials division.
Its focus will be on high value market driven solutions
in applications such as packaging, hygiene, food and
telecommunications.
The division’s formation reflects Dow’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.
Mr Ungerleider will join the Executive Leadership Committee
(ELC) and report to Andrew Liveris, chairman and CEO.
His replacement as vice president of investor relations will be
announced in the near future.
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
Agrosciences, Advanced Materials, Performance Products
and Systems, Performance Plastics, Chemicals and Energy,
and Hydrocarbons, the first four driven by markets and
technology, and the latter two driven by assets and
feedstocks.
“These leadership and business moves are designed
to further our transformation and our strategic shift
to a diversified industry-leading portfolio of advanced
materials, agrosciences, speciality chemicals, and now
performance plastics businesses that deliver a broad range of
technology-based products and solutions to our customers
around the world,” said Mr Liveris.
“Our Performance Plastics Division will have a technology,
market-driven approach to intensely focus on downstream
markets such as packaging, health and hygiene and food
applications while we continue to optimise the commodity
side of our plastics businesses.
“This division is positioned for further growth and market
leadership in Dow’s revitalised portfolio. I am excited to have
Howard’s focused leadership of this vital new division.”
DowWire and Cable – USA
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New chief for new division