Dow Chemical to restructure business make-up

MIDLAND, Mich., Tue Sep 4, 2012 – Dow Chemical Co. said it will rejig its business structure and appoint four business presidents who will be accountable for the company’s operations.

The company said it will eliminate the current business division structure effective immediately, and move to a global business unit model that will have business presidents.

The business presidents, who will be named later this week, will report to a four-member executive committee that includes CEO Andrew Liveris and CFO Bill Weideman.

Shares of Dow Chemical closed at $29.31 on Friday on the New York Stock Exchange.