DowDuPont Chairman Liveris to Step Down April 1, WSJ ReportsBy
DowDuPont Inc. is set to announce Monday that Andrew Liveris will relinquish the role of executive chairman of the world’s largest chemical company, the Wall Street Journal reported, citing people it didn’t name.
Jeff Fettig, a director, will replace Liveris, 63, who had said he is likely to depart this year, the newspaper said. Chief Operating Officer Jim Fitterling will be chief executive of the materials-science company to be known as Dow when a break-up of the company takes place next year.
Created from the world’s biggest chemical merger, the company is planning to split into three independent companies, with the separations to be completed by June 1, 2019, the Wilmington, Delaware-based firm said last month.
The planned agriculture company remains as originally envisioned when the merger of Dow Chemical and DuPont was announced in December 2015.