Stavropoulos to Retire as Dow Chairman, Liveris Na
Midland, MI, December 13, 2005--The Dow Chemical Co., announced that William S. Stavropoulos will retire as chairman of the board, effective April 1, 2006. Dow's Board of Directors has elected Andrew N. Liveris, president and chief executive officer (CEO), to succeed Stavropoulos as chairman upon his retirement.
Liveris will retain his role as president and CEO.
Stavropoulos, 66, is retiring after 39 years of service at Dow. He was elected to Dow's Board in 1990 and has served as chairman since 2000. Liveris, 51, was elected president and chief executive officer by Dow's board of directors in 2004. He had served as president and chief operating officer since 2003.
"Bill's distinguished career at Dow and his steadfast leadership as chairman have truly transformed the company and solidified Dow's standing as a respected global leader," said Harold T. Shapiro, presiding director of Dow's board of directors. "We are confident that Andrew will continue to provide the vision and drive necessary to ensure that Dow builds on this strong foundation and delivers on its plans to invest for strategic growth while maintaining strong financial discipline."
Stavropoulos joined Dow in 1967 and held a variety of research and business positions before becoming president of Dow Latin America in 1984. In 1990, he was named president of Dow U.S.A., and was elected a vice president of Dow. Stavropoulos was elected to Dow's board of directors in 1990 and became chief operating officer in 1993. He served as chief executive officer during 1995-2000 and 2002-2004.
