DowDuPont Announces New Members of Agriculture Materials Science and Specialty Products Divisions Advisory Committees
New Members Bring Relevant, Complementary Expertise to Continue Strong Progress Toward Separation
MIDLAND, Mich. & WILMINGTON, Del. - June 29, 2018 - DowDuPont (NYSE: DWDP) today announced new members of the Agriculture, Materials Science, and Specialty Products Divisions’ Advisory Committees.
Ed Breen, chief executive officer of DowDuPont, said, “The caliber of the individuals we have attracted to join the Advisory Committees for the Agriculture, Materials Science, and Specialty Products Divisions speaks to the importance and potential of each of our businesses in their industries and end markets. With the additional expertise contributed by these new members, the Advisory Committees are exceptionally well equipped to support the division leadership teams as they move rapidly toward separation next year.”
Jeff Fettig, executive chairman of DowDuPont, stated, “These Advisory Committees have been established by the DowDuPont Board of Directors to work closely with the management teams of each division in preparation for the Company’s separation into three, industry-leading growth companies. We look forward to welcoming these new members along with additional members to be named in advance of the separations.”
New members of the Advisory Committee of the Agriculture Division (to be called Corteva Agriscience™):
- Michael O. Johanns, Former U.S. Secretary of Agriculture, Former Senator and Governor of Nebraska
- Greg Page, Former Chairman and CEO of Cargill
New members of the Advisory Committee of the Specialty Products Division (to be called DuPont):
- Ruby Chandy, Former President, Industrial Division of Pall Corp.
- Luther C. (“Luke”) Kissam, IV, Chairman, President and CEO, Albemarle Corporation
- Steven Sterin, EVP, CFO of Andeavor and President of Andeavor Logistics
- Raymond J. Milchovich, Former Chairman and CEO, Foster Wheeler AG
New members of the Advisory Committee of the Materials Science Division (to be called Dow):
- Jacqueline Hinman, Former Chairman and CEO of CH2M
- Daniel Yohannes, Former Ambassador to the Organisation for Economic Co-operation and Development
Also announced today are changes to the Continuing Dow Directors serving on the DowDuPont board of directors effective July 1, 2018, with Jacqueline K. Barton appointed to fill the vacancy created by the retirement of Andrew N. Liveris and Richard K. Davis appointed to fill the vacancy created by the transition of Raymond J. Milchovich from the Materials Advisory Committee to the Specialty Products Advisory Committee and associated discontinuation of service as a Continuing Dow Director on the DowDuPont board of directors.
As previously announced, the Materials Science Division (Dow) is anticipated to separate by the end of the first quarter of 2019, and Agriculture (Corteva Agriscience) and Specialty Products (DuPont) Divisions are expected to separate by June 1, 2019.
Biographies of New Members
Michael O. Johanns spent more than three decades in local, state and federal government. He was the Senator from Nebraska from 2009 until 2015, having previously served as the U.S. Secretary of Agriculture. Prior to that, he was Governor of Nebraska, after two terms as Mayor of Lincoln. He is a director of Millennium Challenge Corp., a bilateral U.S. foreign aid agency, and Deere & Company.
Greg Page is retired Chairman and Chief Executive Officer of Cargill, Inc., where he spent more than four decades. He was named to the Board of Directors in 2000 and appointed CEO in 2007, remaining in the role for seven years before becoming Executive Chairman. He is on the Board of Directors of Eaton Corporation, Deere & Company, and 3M.
Ruby Chandy has more than 25 years of experience in the industrial and medical/life sciences sectors. Most recently, she served as President, Industrial Division of Pall Corp. Prior to her time at Pall, she was Chief Marketing Officer at Dow Chemical and Rohm & Haas Corporation. Ms. Chandy also spent six years with Thermo Fisher Scientific. She is a director of AMETEK, Inc. and Flowserve Corp.
Luther C. (“Luke”) Kissam, IV is the Chairman, President and CEO of specialty chemicals company Albemarle Corp. He joined Albemarle in 2003 and had served in a range of senior roles including EVP, Manufacturing & Law and General Counsel, before becoming CEO in 2011. Prior to joining Albemarle, he was General Counsel of Merisant and Associate General Counsel of Monsanto.
Steven Sterin has more than 20 years of public company financial and business leadership experience. He is currently CFO of Andeavor, an integrated retail, logistics and refining company in the transportation fuels industry. He is also President and a director of Andeavor Logistics, a leading mid-stream full service logistics company. He was previously CFO of Celanese Corp., a global technology and specialty material company.
Jacqueline Hinman is the former Chairman and CEO of CH2M, an engineering and consulting firm focused on delivering infrastructure, energy, environmental and industrial solutions for clients and communities around the world. She is also a member of the Board of Directors of International Paper, Catalyst, and the Denver National Western Center Authority.
Daniel Yohannes served as the Ambassador to the Organisation for Economic Co-operation and Development from 2014 - 2017 and prior to that served as the CEO of the Millennium Challenge Corporation. He is also member of the board of Xcel Energy and the Council on Foreign Relations.
DowDuPont (NYSE: DWDP) is a holding company comprised of The Dow Chemical Company and DuPont with the intent to form strong, independent, publicly traded companies in agriculture, materials science and specialty products sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.
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