MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE:DOW) is once again recognized in the top 10 Best Companies for Leaders by Chief Executive magazine. Since 2005, Chief Executive has identified companies that excel in leadership development, which includes both formal and informal training. The final, top 40 ranking consists of public companies with over $1 billion in revenue, and the top 10 on the list scored within several points of one another. IBM, GE and Unilever join Dow in this prestigious ranking.
“In today’s volatile and uncertain world, effective leadership makes the difference between unleashed potential and unrealized promise. Ranking within the top 10 again in 2016 is a significant recognition of our on-going commitment to developing Dow’s extraordinary talent, our Human Element at Work, through all stages of their leadership journey,” said Andrew N. Liveris, Dow chairman and chief executive officer.
Each company is judged on its reputation among peers along with the percent of senior management recruited from internal talent pools. Other influencing factors consider whether the company has a formal leadership process, the commitment level of the CEO to the leadership development program and the number of companies that report recruiting from the company being evaluated. Each prospect is also given a shareholder value-performance metric based on 10-year growth or decline in market capitalization.
Dow’s forward thinking approach to developing current and future leaders can be seen in a variety of initiatives. Initiatives like the New People Leader training that involves Dow’s partnership with Harvard Business Publishing to provide foundational leadership development to all new people leaders globally using an innovative blended-learning approach.
Another example is the skills-based Leadership in Action program, which offers a unique twist on leadership development by introducing leaders to real world experiences that test their ability to lead courageously, collaborate effectively, and deliver innovative solutions. Superior leadership at Dow is recognized internally through the Olympus Award, granted to outstanding Dow people leaders whose excellence at developing, engaging and inspiring employees exemplifies the leadership behaviors needed to enhance employee success and enable Dow’s success.
“Continuous focus on differentiating ourselves by creating superior leaders at all levels within Dow is a key driver for the Company’s success, and this external recognition of these efforts is gratifying,” added Johanna Söderström, Dow’s chief human resources officer.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, 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 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 product families are manufactured at 201 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.