Performance Plastics Division Created

Ungerleider named Senior Vice President for Dow, and President for the new Division

MIDLAND, Mich.--(BUSINESS WIRE)--Howard Ungerleider, vice president for Investor Relations, has been named senior vice president for Dow, and President for the newly formed Performance Plastics Division.

The Performance Plastics Division will be comprised of all Dow plastics including Solution Polyethylene, Wire & Cable, Elastomers, Films and Packaging Resins and will include the Packaging and Converting Unit that is currently part of the Advanced Materials Division. Its focus will be on high value market driven solutions in applications such as Packaging, Hygiene, Food and Telecommunications. The Division’s formation reflects Dow's active portfolio management over the last two years that has resulted in the de-emphasis of its commodity plastics products, especially following the divestment of Styron.

Ungerleider will join the Executive Leadership Committee (ELC) and report to Andrew Liveris, chairman and CEO. His replacement as vice president of Investor Relations will be announced in the near future.

In a related move, Jim Fitterling, executive vice president, adds Corporate Development to his current Hydrocarbons Divisional leadership role. He will assume Corporate Strategy Development responsibility at the ELC level and will have responsibility for ELC, Strategy and Portfolio Team (SPT), Senior Leadership Team (SLT) and Global Leadership Team (GLT) agendas, and oversight of the Transformation Project Management Office (PMO).

In addition, the Chlorinated Solvents business will move to the Performance Products and Systems Division and report to Juan Luciano, executive vice president and president of this Division.

Dow will now have six Business Divisions: Dow Agrosciences, Advanced Materials, Performance Products and Systems, Performance Plastics, Chemicals and Energy, and Hydrocarbons, the first four driven by markets and technology, and the latter two driven by assets and feedstocks.

“These leadership and business moves are designed to further our transformation and our strategic shift to a diversified industry-leading portfolio of advanced materials, agrosciences, specialty chemicals, and now performance plastics businesses that deliver a broad range of technology-based products and solutions to our customers around the world,” said Liveris. “Our Performance Plastics Division will have a technology, market-driven approach to intensely focus on downstream markets such as packaging, health & hygiene and food applications while we continue to optimize the commodity side of our plastics businesses. This Division is positioned for further growth and market leadership in Dow's revitalized portfolio. I am excited to have Howard’s focused leadership of this vital new Division.”

About Dow

Dow (NYSE: DOW) combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

Dow
Bob Plishka, 989-638-2288