Last month, DowDuPont said it was pushing ahead with its plans
to split into three separate units, starting with the materials
science business by the end of the first quarter of 2019.
The specialty products will be called DuPont and the
agricultural unit will be named Corteva Agriscience. Their
spinoffs are expected to start by June 1, 2019.
Dow and DuPont completed their $130 billion merger in September.
On Monday, the company said Liveris will continue as a director
of the combined board until July 1, his previously announced
retirement date from the company.
"With that transformation complete and Dow entering into its
next phase of growth, now is the right time for me to effect my
previously announced plan to transition and then to retire,"
Liveris said in a statement.
The company said its Chief Financial Officer Howard Ungerleider
will serve as Dow's CFO.
(Reporting by Taenaz Shakir and Abinaya Vijayaraghavan in
Bengaluru; Editing by Vyas Mohan and Arun Koyyur)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|