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US: Dow CEO Liveris to step down after DuPont merger

 |  February 2, 2016

Dow Chemical CEO Andrew Liveris will step down after the chemical giant completes its merger with DuPont later this year.

Liveris, who has worked for Dow for nearly 40 years, announced the departure Tuesday morning during Dow’s fourth-quarter earnings conference call with investors and Wall Street Analysts.

“I look forward … to bring that entire process to a successful conclusion and enable a successful leadership handover to coordinate with my own planned transition of the company which will occur when we are set up to be spun off but no later than end-of-quarter 2017,” he said during the call.

In December, Dow announced plans to merger, creating a $130 billion giant, and then split into three separate companies.

Under the initial plan, Liveris would be the new company’s chairman with DuPont CEO Ed Breen serving as CEO. It is not clear how Liveris’ departure announcement will impact the merger.

Full content: Bloomberg

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