Torsten Kraef is Senior Vice President of Corporate Development for Dow, a global material science company with approximately $50 billion of sales.
Kraef is a member of Dow’s Executive Committee and Leadership Team and supports the CEO in all corporate development matters, including engagement with the Board of Directors.
His executive responsibilities include: the development of Dow’s corporate strategy and coordinating the implementation of key strategic tracks; leadership of the Company’s enterprise risk management and strategic planning cycles; and overseeing corporate security as well as the incubation of strategic and innovative new business growth opportunities that align to Dow’s market strategies through collaboration with Dow’s global businesses, the Research & Development organization, and customers to support and accelerate the Company’s corporate strategy.
Kraef joined Dow in Germany in 1991, and his career has spanned across most of Dow’s divisions from Performance Plastics to Performance Materials and Infrastructure and Consumer Solutions. In the last decade, he held a variety of business leadership roles as well as division level functional leadership roles.
In 1995, Kraef transferred from Germany to Dow’s European headquarters in Switzerland, and in 2002, he moved to Dow’s corporate headquarters in Midland, Michigan. In 2005/06 he worked with the Office of the Chief Executive to support the development of Dow’s strategy to drive higher margins and to become a more market focused portfolio.
From 2007 to 2012, Kraef led various businesses including a more than $8 billion revenue business group consisting of Dow’s Polyurethanes, Epoxy, Formulated Systems and Dow Automotive Systems businesses. During this time, he was also a member of the leadership team responsible for delivering the integration of Dow’s acquisition of Rohm and Haas.
Since 2012, Kraef has led the corporate strategy development and coordinated the implementation. This included the operational focus that resulted into >20 consecutive quarters of earnings growth while also completing key portfolio moves such as the Reverse Morris Trust transaction with Olin in 2015, the integration of Dow Corning in 2016, and the merge and spin transaction with DuPont from 2017-2019.
Since 2013, Kraef is part of the executive leadership team and he assumed his current role in December 2016. Since 2015, he also serves on the Board of Directors of AgroFresh Solutions Inc. (NASDAQ: AGFS).
Kraef holds an associate degree in Banking Management from the Industry and Trade Chamber in Düsseldorf, Germany, and a masters/diploma in Business Administration from the University of Düsseldorf, specializing in Production Management and Environmental Economics, International Management and Marketing.