MOSCOW (MRC) -- In line with The Dow Chemical Company’s objective to strengthen its geographic focus, Deborah Borg, vice president of the Human Resource Partner Organization, has been named president of Dow USA, reported the company on its site.
In this role, she will continue to be based in Midland, Michigan, and will report to Joe Harlan, chief commercial officer and vice chairman, Market Businesses, and will be fully accountable to the Office of the Chief Executive.
"As we have said many times, our efforts are concentrated in select markets where we can be narrowly, but more deeply focused, and this requires a local approach to running our global businesses," says Harlan. "Deborah has been a key partner with our businesses throughout her career with Dow. In addition, she has played an invaluable role in the development and implementation of the Company’s corporate strategy. Her experiences will help set a clear path forward for our growth objectives in the United States."
In this role, Borg will be responsible for coordinating Dow’s activities across the United States. She will develop and oversee a strategy for Dow USA, coordinating closely with the businesses, functions and operations to drive results. Borg will play an instrumental role in representing Dow's interests to key stakeholders, including customers, suppliers, joint venture partners, key government organizations, and our communities. She will serve as a company spokesperson and manage issues that affect US government policy, public policy and Dow’s businesses.
Andrew N. Liveris, Dow chairman and chief executive officer stated, "Many large global corporations, like Dow, are increasingly focusing on their home location - the United States - as a market with incredible opportunities. The need for a strong leader to represent our interest and to develop and oversee a strategy in the US has been in discussion for some years, and with Deborah’s appointment, we are now ready to fully address the opportunities for Dow."
As MRC wrote before, in November 2014, Dow Chemical announced an increased divestiture target aligned to further enhance the value of its portfolio and support the company’s market-driven, integrated strategy. On track to complete its goal of realizing USD4.5 billion to USD6 billion in proceeds by year-end 2015, and with additional portfolio management actions underway, Dow is now increasing its divestiture target to USD7 billion to USD8.5 billion to be complete by mid-2016. Since 2013, the company has generated USD2.5 billion in proceeds, reallocating this capital to remunerate shareholders, fund growth and reduce debt.
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.