Dow Corning today announced that Andrew (Andy) E. Tometich has been named business president of Dow Corning’s Silicones business, effective upon “day one” following the completion of Dow’s ownership restructure transaction with Corning Inc., which is expected to be June 1, 2016.
In this role, Andy will lead Dow Corning’s Silicones business with particular focus on ensuring ongoing operations are smooth for customers through the integration period with Dow. In addition, he will drive the capture of new growth synergies with Dow via Dow Corning’s existing innovation pipeline, new combinatorial chemistries and expanded product offerings. He will report to Mauro Gregorio, incoming chief executive officer of Dow Corning.
“Andy’s strong business acumen and track record of success at Dow Corning make him a great fit for this important leadership role,” said Gregorio. “Andy will help Dow Corning build on its already industry-leading silicones development and manufacturing capabilities, while leading the company into a new era which combines the strengths of both Dow and Dow Corning to benefit our customers.”
“Dow Corning is an industry-leading global company that, with Dow’s support, pioneered the silicones industry more than 73 years ago,” said Tometich. “It is exciting to help lead Dow Corning in this new era, as the combined strengths of Dow and Dow Corning create intriguing possibilities for our customers.”
Over the course of his 27-year career at Dow Corning, Tometich has served in various global and regional commercial, business development and executive positions in the United States and Europe. He also has extensive experience in joint ventures and acquisitions, as well as business activities in the Middle East, Asia and South America. Tometich has been in his current role as Dow Corning’s senior vice president of Silicones since 2014. Prior to that he served as president and chairman of the Hemlock Semiconductor Group.
Tometich earned a Bachelor of Science from the University of Notre Dame and a Master of Business Administration from the Kellogg School of Management at Northwestern University. He has also completed formal executive-level studies at INSEAD, Harvard and Stanford. Currently Tometich is a member of the Wharton Fellows, and serves as a board director and executive committee member for the Great Lakes Bay Regional Alliance.
Source: Dow Corning
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.
