MIDLAND, Mich. — Dow Chemical is creating a new global business unit structure and has established a new executive committee, the company announced Tuesday.
The company said it has moved away from the current business division structure in favor of a new global business unit model that will have business presidents.
The business presidents will report to a newly formed executive committee.
“To accomplish our strategic objectives and deliver increased results in the next stage of Dow’s transformation, it will require a different business organization and operating structure than the one that has taken us to where we are today in Dow’s transformation,” said Dow Chairman and CEO Andrew N. Liveris. “We continue to adapt our business model to take advantage of the changing dynamics in the global marketplace. Moving forward, we will have less structure at the top of the Company with more deployment and implementation in the markets and out in the field. We will have less centralization and more decentralization. We are putting in place the optimal structure for the next phase of our strategy that will better enable us to intensely focus on our customer and on developing markets around the world.”