Dow Corporate Vice President and Treasurer Fernando Ruiz to Retire - Board Elects Gary McGuire Vice President and Treasurer
MIDLAND, Mich. - April 18, 2016 - The Dow Chemical Company (NYSE: DOW) today announced that Fernando Ruiz, corporate vice president and treasurer, has elected to retire from Dow, following more than 35 years of service. The Board of Directors has elected Gary McGuire to succeed him as vice president and treasurer.
Ruiz assumed his role in August 2001, and will officially retire later this year to ensure a smooth transition of leadership responsibilities.
McGuire joined Dow in 1988 and has held a variety of financial management and leadership roles in materials management, treasury, financial and enterprise-wide risk management, and financial planning and operations. He was named chief investment officer in 2007, responsible for the management of the Company’s global pension and insurance assets and was appointed assistant treasurer in January 2016.
“Gary has been instrumental in driving financial discipline, transparency and efficiency, and brings a broad array of experience and management across multiple disciplines and geographies,” said Howard Ungerleider, Dow’s vice chairman and chief financial officer. “I am pleased to have his focused leadership as we continue to drive our strategic agenda forward.”
Ruiz joined Dow in 1980 in Ecuador as a financial planning manager and held several treasury positions in Latin America and in the U.S. before being elected assistant treasurer in 1996. He was appointed corporate director of insurance and risk management in 2001 until elected to his current position. Prior to joining Dow, Ruiz was a credit officer of Citibank.
“Throughout his career, Fernando has been a key facet of Dow finance, and under his watch the Company’s treasury department has grown into a world-class institution,” said Ungerleider. “His insights and leadership have done so much for the company, and he exemplifies our values of integrity and respect for people.”
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 material, polymer, chemical and biological science 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 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 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.
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