MOSCOW (MRC) -- The Dow Chemical Company has announced that Jack Broodo, president of Dow Chemical Canada ULC and director of feedstocks for the Company’s North and Latin America regions has been named vice president of Investor Relations for the company, reported Dow on its site.
Broodo succeeds Doug May, who will become business president of the Company’s Olefins and Aromatics business unit. Broodo will report to William Weideman, Dow’s executive vice president and chief financial officer, and will work with May to ensure a smooth transition.
"Dow has driven a series of strategic actions over the past several years to reposition the Company and maximize returns for shareholders," said Weideman. "During this time, Doug’s leadership and focus on the investment community has strongly supported our efforts to maintain regular and transparent dialogue with the investment community regarding our progress against key strategic and financial milestones. Jack’s business leadership experience, together with his broad background on the Company’s integrated portfolio and key growth projects, will be instrumental in our efforts to maintain this focus and the quality of this dialogue moving forward."
In 2009, Broodo assumed the senior leadership role for Dow’s business and site operations in Canada - driving results for the company and maintaining positive relationships across the communities in which Dow operates. In 2013, he took on additional responsibility as director of feedstocks for Dow’s North and Latin America regions, where his leadership was instrumental in enhancing Dow's position in Latin America. Notably, during this time, he has served as a key member of the team leading the advancement of the Company’s US Gulf Coast investment program.
As MRC informed before, Hanwha Chemical, one of South Korea's leading polyethylene and polyvinyl chloride producers, has picked Credit Suisse to advise on possible purchases from Dow Chemical"s chloro-alkali business but its interest is still in the early stages.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
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