DuPont and Dow Chemical Co. provided more details about plans for the leadership team following the planned merger of the chemical giants, including leadership for the three businesses that eventually would be split off.
Last month, Dow Chairman and Chief Executive Andrew Liveris had cautioned that the chiefs of the three divisions of the merged company, which would be called DowDuPont, wouldn’t automatically become CEOs of the three planned public entities.
The moves include the appointment of Dow Chief Financial Officer Howard Ungerleider as DowDuPont’s finance chief.
Dow Chief Operating Officer Jim Fitterling was named as operating chief of the merged company’s materials business.
James C. Collins Jr., who currently leads DuPont’s agriculture business, was selected as operating chief of the combined company’s agriculture division.
Marc Doyle was named as chief operating officer of DowDuPont’s specialty products business. He currently leads DuPont’s Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials, and Safety and Protection businesses.
The appointments would go into effect after the deal closes, which is expected in the second half of this year.
The companies previously had disclosed Mr. Liveris will be executive chairman of the merged enterprise, while DuPont Chairman and CEO Edward D. Breen will be CEO.
By Tess Stynes
Source: Wall Street Journal
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