The Dow Chemical Company (NYSE: DOW) today announced that Chief Financial Officer William H. (Bill) Weideman has elected to retire from the Company, following 38 years of service with Dow. The Board
of Directors has elected Howard I. Ungerleider to succeed him as chief financial officer, and his appointment will become effective October 1, 2014.
Weideman most recently served as executive vice president and chief financial officer, a role he assumed in November 2009. He will officially retire at the endof 2014, and will begin working with Ungerleider to ensure a smooth transition of leadership responsibilities.
Ungerleider, 46, joined Dow in 1990 and his career has spanned a wide variety of commercial, business, financial, geographic, functional and enterprise-level leadershiproles globally. In 2006, he was appointed North American commercial vice president for Dow's $6 billion Basic Plastics business portfolio. From 2008 to 2011, Ungerleider served as vice president of Investor Relations, where he was responsible for creatingand driving an investor outreach program regarding Dow's strategic transformation and performance in the midst of the worst global economic crisis in decades.
He was named president for Dow’s Performance Plastics Division in 2011, and in 2012 was named executive vice president of Dow’s Advanced Materials Division, andjoined Dow’s senior-most executive team. Under his leadership, the Advanced Materials businesses have grown to more than $11 billion in sales across more than 130 countries.
"Howard has been instrumental in transforming Dow to a more market-driven, innovative and technology-led organization, and brings a broad array of experience andleadership across multiple businesses and geographies, as well as his investor relations experience," said Andrew N. Liveris, Dow’s chairman and chief executive officer. "I am pleased to have his focused leadership as we continue to drive proactive measures
to further maximize Dow’s earnings potential, generate increasing cash and reward our shareholders."
Weideman, 60, joined Dow in 1976 and held numerous financial leadership roles during the span of his nearly 40-year career. He was appointed vice president andcorporate controller in 2006, interim chief financial officer in November 2009 and was named to his current position in 2010. He assumed responsibility for Corporate Strategic Development and executive oversight for Dow AgroSciences in August 2012. He hasalso served as a member of the Company’s Executive Committee.
"Throughout his career, Bill has served Dow with an effective blend of financial acumen, vision and leadership," said Liveris. "During his tenure as CFO, Billhas been an outstanding steward of Dow’s financial strategy through a critical phase of our transformation. He leaves a legacy of financial strength across our global organization, and Dow will continue to build on the strong foundations and trajectory thatBill and his team have set for years to come."
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