Economy

Longtime Dow Chemical chief Andrew Liveris to leave

Longtime Dow Chemical chief Andrew Liveris to leave

A major shake-up at a mid-Michigan chemical company.

Photo Andrew Liveris is resigning as the executive chairman of DowDuPont.

Liveris headed Dow Chemical for 14 years, and oversaw last year's merger with DuPont. But the combined business is set to split next year into three companies based around its materials sciences, agriculture and specialty products divisions.

He told the Wall Street Journal this is the right time to leave, with stocks hitting an all time high.

Iranian foreign minister arrives in Pakistan for three-day visit
Zarif will participate in the Iran-Pakistan Joint Economic Forum in Pakistan's commercial center of Karachi on March 13. He said cooperation between state bank of Pakistan and Bank Milli Islami will also be promoted.

Jeff Fettig, a director, will replace Liveris, 63, who had said he is likely to depart this year, the newspaper said.

The Material Advisory Committee intends to appoint Jim Fitterling to the role of CEO of the division, where he now serves as chief operating officer, according to a company news release.

Delays getting regulatory approvals for the deal prompted board discussions on Liveris delaying his retirement previous year. Sanford C. Bernstein analyst Jonas Oxgaard said at the time that retaining Liveris may interfere with the leadership of DowDuPont CEO Ed Breen.

"Each played a pivotal role in developing and executing Dow's market-driven strategy", Liveris said in the statement.


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