Merszei Named President of Dow Europe, Middle East and Africa, and Chairman of Dow
In an effort to further strengthen
its geographic presence and connection with key markets and customers, The Dow
Chemical Company (NYSE:DOW) announced today that Geoffery E. Merszei, Executive Vice
President and Chief Financial Officer, will move to a new role as President of Dow
Europe, Middle East and Africa, while also serving as Chairman of Dow Europe, and
Executive Vice President of The Dow Chemical Company, reporting to Andrew N.
Liveris, Chairman and Chief Executive Officer. Merszei has served as the Company's
Chief Financial Officer for the past five years. He will relocate to the Company's
European Headquarters in Horgen, Switzerland.
Merszei will also assume additional responsibility as chair of the Company's newly
established Geographic Leadership Council. The Council's function is to ensure Dow
builds upon its robust global franchise by building strong relationships with
partners and customers and continuing its track-record of making growth investments
throughout world. Membership of this Council will be announced shortly.
Managing the Company's global footprint is becoming even more important and this new
role will help ensure Dow is better able to capture growth opportunities in
important markets around the world. Reporting to Merszei will be Henry Roth,
President of Middle East Region, Earl Shipp President of Africa Region, Kostas
Katsoglou, President of Eastern Europe /Russia Region, and John Dearborn, President
of the Ras Tanura Integrated Project in Saudi Arabia as well as the European
William H. Weideman, Vice President and Controller, will assume the role of interim
CFO while the Company conducts a global search for a replacement for Merszei.
Merszei first joined Dow in 1977, and spent two-thirds of his career in locations
outside the United States, including multiple assignments in Europe and Asia. He
returned to the Company in July 2005 as Executive Vice President and CFO after
serving four years as Executive Vice President and Chief Financial Officer of Alcan,
"Dow has a long and storied history of growing successfully in many parts of the
world with more than two thirds of our business transacted outside of the United
States, but as we focused more on global businesses and functions over the last
decade, our geographic emphasis changed," said Andrew N. Liveris, Chairman and Chief
Executive Officer. "We are fortunate to have someone of Geoffery's knowledge and
experience available to step up and take on these new responsibilities. In addition,
Geoffery has also played a very strong role working with me and the rest of the
senior management team to ensure that we delivered on our commitments in several key
areas, exceeding our financial goals and surpassing key milestones on all fronts."
Weideman has more than 30 years of Finance experience with the Company, and has held
a variety of accounting and controller roles for various Dow businesses.
"We are also fortunate to have someone of Bill's caliber to step into the role of
interim CFO while we conduct the global search for Geoffery's replacement," said
Liveris. "Bill knows and understands the Company extremely well and has the
confidence of everyone in the organization having performed extremely well as Vice
President and Controller working directly alongside Geoffery for the past number of
These appointments are effective immediately.
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