Dow Chemical Co. and Dow Corning Corp. Monday announced the retirement plan of Robert Hansen as chairman, chief executive officer and president upon the completion of Dow’s ownership restructure transaction with Corning, Inc.
Hansen will ensure a smooth ownership transition for the Dow Corning Silicones business. The deal is expected to close in the second quarter of 2016. Hansen has been with the company since 1982 and was named president in 2010, chief executive officer in 2011 and was elected chairman in 2013.
Dow has named Howard Ungerleider, vice chairman and chief financial officer of Dow as chairman of Dow Corning, and Mauro Gregorio, currently vice president leading the Dow Corning integration, as chief executive officer of Dow Corning.
Until the close of the transaction, Hansen, Ungerleider and Gregorio will maintain their current roles and responsibilities.
Source: RTT News
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.
