CHICAGO--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) Chairman and CEO Andrew N. Liveris was elected Chairman of The Business Council here at the organization's fall meeting. Liveris was elected for a two-year term and will succeed Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co. Liveris's term begins January 2013.
The CEO members of The Business Council also elected the following members to serve as Vice Chairs:
Ursula Burns, Chairman and CEO, Xerox
Richard Davis, Chairman and CEO, US Bancorp
Henry Kravis, Co-founder and Co-CEO, Kohlberg Kravis Roberts & Co.
Doug Oberhelman, Chairman and CEO, Caterpillar Inc.
“I am honored and excited by the opportunity to serve as Chairman at such a critical time for the nation and for the business community," said Liveris. "I intend to continue Jamie Dimon's efforts to improve the dialogue between business leaders and policy makers, and will work to deepen the understanding of the importance of America's corporations on economic growth and job creation."
Outgoing Chairman Dimon commented, "The Business Council is working hard to collaborate and help move our economy forward. Andrew was a strong Vice Chairman and I am confident he will continue to strengthen the efforts of this important organization."
The Business Council is a Washington, D.C. based organization established in 1933 as The Business Advisory Council for the Department of Commerce. In 1961, the group’s name changed to The Business Council, and its scope was broadened to include advisory functions to all elements of the national government. Today the Council is a learning, networking and best practice sharing organization for the chief executive officers of the world’s most competitive enterprises.
Members meet three times a year to discuss public policy and economic issues relevant to the members’ businesses with top officials of government and other thought leaders in academia, science, technology and society at large. Membership is personal, by invitation only and non-transferable.
Dow (NYSE: DOW) combines the power of science and technology 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 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 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.