ANDREW N. LIVERIS (born 5 May 1954) is Chairman and Chief Executive
Officer (CEO) of The
Dow Chemical Company , a global specialty
chemical, advanced materials, agrosciences and plastics company based
Midland, Michigan with 2013 annual sales of more than $57 billion.
Liveris has been a member of Dow's board of directors since February
2004, CEO since November 2004 and was elected as Chairman of the board
effective 1 April 2006. Liveris became CEO in 2004 after holding the
position of Chief Operating Officer (COO). He has been appointed to
lead advisory groups to the
* 1 Early life and education
* 2 Business career
* 2.1 Transforming Dow
Rohm and Haas
* 3 Writing
* 3.1 Make it in America
* 4 Memberships * 5 Awards and recognition * 6 Personal * 7 References * 8 External links
EARLY LIFE AND EDUCATION
Liveris was born in Darwin , Australia. He is proud of being the grandson of a Greek immigrant and identifies strongly with his Greek heritage. He attended Darwin High School until 1974 when Darwin was hit by Cyclone Tracy . He then moved to Brisbane where he continued his education at Brisbane State High School .
He earned a bachelor's degree (first-class-honors) in Chemical
Engineering from the
University of Queensland
Liveris began his career at Dow in 1976 in
Liveris joined Dow's Board of Directors in February 2004, becoming CEO in November 2004. Liveris, appointed CEO in 2004 after the board of directors unanimously selected him in part based upon his plan to transform Dow, began to implement the new strategy. His plan called for Dow to reinforce its core strengths in providing its clients with customised chemicals, plastics and advanced materials (including electronics and agricultural products such as genetically improved seeds). The plan also called for reducing Dow's exposure to commodity chemical and plastics, which were subject to competition especially from new entrants from the Middle East and Asia, who benefit from cost advantages. Part of the plan to "de-risk" the business called for the formation of joint ventures to free up Dow capital for deployment in more specialised areas of the business as cited above. The formation of joint ventures had the further virtue of assuring a low-cost supply of feedstocks for the customer-facing portion of Dow's business. Dow has fully exited some basic chemical and plastic business (as with the sale of Styron).
His election to
Chairman of the Board
ROHM AND HAAS ACQUISITION
Liveris' strongest move to implement the strategy came with the
Rohm and Haas
The acquisition closed soon after the credit crisis of 2007 and 2008
took hold. The credit crisis caused one of Dow's joint venture
partners, Petrochemical Industries Company (PIC) of the State of
Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation
(KPC), to withdraw from a planned partnership in basic plastics,
despite an agreed contract, depriving Dow of $9 billion in proceeds
designated to fund the
Rohm and Haas
Rohm and Haas
In March 2009, Liveris and his management team organized a plan to
Rohm and Haas
DOW GROWTH AND FIRST FEDERAL APPOINTMENTS
In March 2010, Liveris reported a first quarter 48.9% sales increase at Dow Chemical . He attributed his success to accelerated growth in performance business, including advanced polymers in the textile, health care, electronic, and agricultural industries.
Liveris has continued to form joint ventures for the basics business, including an initiative in chlor-alkali with the Mitsui Group in Japan as a partner. The recovery plan has been accompanied by a sixfold recovery in the share price.
An advocate for the importance of manufacturing to the long-term
health of a nation\'s economy , Liveris was appointed in July 2010 to
the President\'s Export Council by President
In June 2011, Liveris was named an inaugural co-chair (with Susan Hockfield ) of the Advanced Manufacturing Partnership (AMP), formed by President Obama. The AMP was a private sector task force including government, industry, and academic leaders, formed "to identify the most pressing challenges and transformative opportunities to improve the technologies, processes and products across multiple manufacturing industries" and advise the U.S. government.
LATER TIME AS CEO, AUDIT CONTROVERSY
In 2015, concerns were raised by Dow's internal auditing department about Liveris's personal spending. Auditors testified that he used the company's Customer Events Department for personal events including family events and various services. The Liveris family subsequently repaid several hundred thousand dollars to Dow. Also, the head of the auditing department retracted the annual auditing reports for multiple years due to concerns for inaccurate reporting to SEC and shareholders.
In March 2017, he said the ban on onshore gas exploration by the
Victorian Government in
In April 2017, Dow said that it was considering retaining Liveris
beyond his planned retirement on 30 June 2017, to help oversee the
planned merger between Dow and
In December 2016, Liveris was named by
On 27 January 2017, Trump publicly announced the names of the 28 members to make up the council, with Liveris heading the Manufacturing Jobs Initiative.
Discussing tax, trade, and cutting regulations on businesses, in
January 2017 Liveris and other business figures met with Donald Trump.
Liveris and the other executives were tasked with returning to the
In February 2017, Liveris organized a manufacturing working group to meet with Trump, which included executives from major companies to talk about job growth and economic policies. The council met with Trump on 23 February 2017. Speaking for the council on that day, Liveris said the 24 CEOs were "encouraged by pro-business policies" The CEOs present that day represented companies that employ 2 million.
Also in February 2017, Liveris was standing next to Trump when the executive order "mandating the creation of task forces at federal agencies to roll back government regulations" was signed. Trump afterwards gave him the pen.
MAKE IT IN AMERICA
Liveris is the author of Make it in America : the case for re-inventing the economy (first published 2011, updated 2012) which presents a comprehensive set of practical policy solutions and business strategies. It builds upon ideas presented in the Dow Chemical Company's 'Advanced Manufacturing Plan', announced in June 2010. Liveris argues that a healthy manufacturing sector is essential to creating jobs. Failing to support American manufacturing, as well as research and development, undermines America's potential to engage in new growth sectors such as clean energy and nanotechnology . Instead, other nations are establishing themselves in these areas. Liveris outlines an agenda that he believes will establish a sustainable economic model for the United States. Make It in America was named No. 9 on the Inc./800-CEO-READ Business book best-seller list for 2011.
Liveris serves on the board of directors of
Liveris is on the board of trustees for the United States Council for
International Business and is a Trustee of the California Institute of
Technology . Liveris is a member of the Business Advisory Board for
University of Technology Sydney
Liveris collaborated with Muhtar Kent, Chairman and CEO of The Coca-Cola Company, George David, Chairman of the Coca-Cola Hellenic Bottling Company, and George Stamas, Partner at Kirkland and Ellis LLP, to found The Hellenic Initiative (THI), a non-profit, non-governmental organisation with the goal of encouraging entrepreneurship and job-creation investments in Greece.
AWARDS AND RECOGNITION
* 2010, 2012 and 2013, named No. 1 Power Player in the global
chemical markets by ICIS Chemical Business magazine
George E. Davis Medal , Institution of Chemical Engineers
* 2011, Distinguished Performance Award for Excellence in Public
Policy from the
Committee for Economic Development
* 2011, International Leadership Award from the United States
Council for International Business (USCIB)
* 2011, Legend in Leadership from the Yale Chief Executive
Leadership Institute at the
Yale School of Management
* 2011, named Platts Global Energy Awards CEO of the year.
* February 2012, Archbishop Iakovos Leadership 100 Award for
* March 2012, Aristeio Award in Business from the American Hellenic
* March 2012, served as foreign co-chair at the China Development
Forum in Beijing, representing more than 200 overseas delegates
including the leaders of more than 70 Fortune 500 companies,
international organisations, senior officials and internationally
* August 2012, named by
The Australian Financial Review to the BOSS
list of True Leaders.
* 2013, received
International Palladium Medal of the Société de
Chimie Industrielle (announced in 2012)
* March 2013,
Chemical Industry Medal from the Society of Chemical
* May 2013, Eisenhower Award by Business Executives for National
Security (BENS) at a ceremony in Washington, D.C.
* January 2014, appointed Officer of the Order of
Liveris and his wife Paula have three adult children. The couple resides in Midland, Michigan .
* ^ A B C D White, Andrew (17 October 2014). "Andrew Liveris is the
accidental CEO - of Dow Chemical". The Australian Business Review.
Retrieved 30 March 2017.
* ^ A B Jacobs, Emma (26 May 2011). "20 questions: Andrew Liveris".
Financial Times. Retrieved 30 March 2017. The Greek-Australian
chairman and chief executive of
Dow Chemical is based in Midland,
* ^ "Andrew Liveris: Executive Profile & Biography –
Businessweek". investing.businessweek.com. Retrieved 19 July 2012.
* ^ "Dow\'s Most Recent Earnings Material".
* ^ A B "Famous Greeks: Andrew Liveris, Chairman of Dow Chemical".
Ellines.com. Retrieved 30 March 2017.
* ^ "#165 Andrew N Liveris – Forbes.com". forbes.com. Retrieved
19 July 2012.
* ^ A B "Applause: Liveris Receives Honorary Doctorate from
University of Queensland; Named Alumnus of the Year". ASI: Adhesives &
Sealants. 27 February 2006. Retrieved 30 March 2017.
* ^ A B "Andrew Liveris awarded Chemical Industry Medal". Society
of Chemical Industry (SCI). 1 March 2013. Retrieved 30 March 2017.
* ^ A B "Yale Chief Executive Leadership Institute to Honor The Dow
Chemical Company Chairman and CEO Andrew Liveris with Yale Legend in
Leadership Award". Yale School of Management. 15 December 2011.
Retrieved 30 March 2017.
* ^ "
Dow Chemical CEO Andrew Liveris looks to win in specialties
and commodity JVs in spite of economic turmoil".
* ^ "William Stavropoulos to Retire as Chairman of Dow; Andrew
Liveris Elected Chairman Effective April 1, 2006". The Dow Chemical
Company. Retrieved 13 December 2005.
* ^ "Dow ranks one of America\'s \'100 Best Corporate Citizens\'"
* ^ A B Moore, Heidi N. (7 January 2009). "Parsing
Dow Chemical CEO
Andrew Liveris". The Wall Street Journal.
* ^ "Dow Awarded $2.16 Billion From Kuwait Over Aborted Deal".
* ^ "Dividend Summary for The
Dow Chemical Company". The Dow
Chemical Company. Retrieved 1 January 2012.
* ^ "Dow Declares Quarterly Dividend of 15 Cents per Share". The
Dow Chemical Company. Retrieved 8 February 2012.
* ^ "Dow integration process with
Rohm and Haas
* ^ Gannon, Ed (22 March 2017). "Victorian gas ban ‘nonsense’,
President Trump adviser Andrew Liveris says". Weekly Times Now.
* ^ Kaskey, Jack (27 April 2017). "Dow CEO Liveris May Delay
Retirement to Complete
* ^ "
Dow Chemical urges
Trump administration to ignore pesticide
findings". USA Today. 20 April 2017.
* ^ Liveris, Andrew (2012). Make it in America : the case for
re-inventing the economy (Updated ed. ed.). Hoboken, N.J.: Wiley. ISBN
978-1118199626 . CS1 maint: Extra text (link )
* ^ Schneiderman, R.M. (20 June 2011). "A CEO\'s Defense of
Government". The Daily Beast. Retrieved 30 March 2017.
* ^ Assembled Elsewhere
* ^ Schleicher, Dylan (31 December 2011). "The Bestsellers of
2011". 800-CEO-READ. Retrieved 30 March 2017.
* ^ Pieper, James; Heumann, Jenny (28 September 2012). "BASF\'s
Kurt Bock to Lead Global Chemical Industry Association; Dow\'s Andrew
Liveris Completes Successful Two-Year Presidency". American Chemistry
Council. Retrieved 30 March 2017.
* ^ The Business Council, Official website, Executive Committee
Archived 21 July 2013 at the