ANDREW N. LIVERIS (born 5 May 1954) is Executive Chairman of
DowDuPont and CEO and Chairman of
The Dow Chemical Company
The Dow Chemical Company , a global
specialty chemical, advanced materials, agrosciences and plastics
company based in
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
White House under
Obama administration and
Trump administration .
* 1 Early life and education
* 2 Business career
* 2.1 Transforming Dow
Rohm and Haas
Rohm and Haas acquisition
* 2.3 Dow growth and first federal appointments
* 2.4 Later time as CEO, audit controversy
* 2.5 Manufacturing council
* 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
Cyclone Tracy . He then moved to Brisbane where he continued
his education at
Brisbane State High School
Brisbane State High School .
He earned a bachelor's degree (first-class-honors) in Chemical
Engineering from the
University of Queensland
University of Queensland . In 2005, he was
awarded an honorary doctorate in science by his alma mater as well as
being named Alumnus of the Year.
Liveris began his career at Dow in 1976 in
Melbourne , Australia. He
spent much of his career in
Asia before coming to North America, with
roles in manufacturing, engineering, sales, marketing, and business
and general management. Liveris spent 14 years in
Hong Kong and served
as Dow's general manager in
Thailand before becoming head of Dow's
entire Asia-Pacific operations.
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
Chairman of the Board became effective 1 April 2006.
In 2008, under Liveris' leadership as CEO, Dow was ranked 13th on
Corporate Responsibility Officer (CRO) Magazine's list of top 100 best
ROHM AND HAAS ACQUISITION
Liveris' strongest move to implement the strategy came with the
Rohm and Haas
Rohm and Haas in the summer of 2008 for $16.2 billion.
This Fortune 500 company, a leader in speciality chemicals , was the
subject of a global auction, which Dow won with a bid of $16.2
billion. The acquisition proved to be synergistic in terms of growth,
allowing a broader and deeper presentation to clients with regard to
value-added chemicals, plastics, and materials, but also in terms of
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 deal. The London-based
International Court of Arbitration ruled in March 2012 to award Dow
$2.16 Billion plus cost and interest from Kuwait due to its
cancellation of the 2008 agreement.
Rohm and Haas
Rohm and Haas acquisition, in December 2008, Liveris was
quoted as saying "Dow is the only company in the Fortune 200 to have
paid its regular quarterly cash dividend without reduction or
interruption since 1912. That is 388 consecutive quarters. I have said
it before, but I want to say it again, we will not break that streak.
Not Dow, not on my watch". The following quarter Dow cut its dividend
by 65%. In a press release announcing the quarterly dividend (12
February 2009) Dow's board of directors stated its decision was based
on "a confluence of factors, including uncertainty in the credit
markets, unprecedented lower demand for chemical products, the ongoing
global recession and pending business issues."
In March 2009, Liveris and his management team organized a plan to
Rohm and Haas
Rohm and Haas integration, focusing on growth and cost
synergies, but also reducing costly debt from the transaction through
public offerings, along with equity offers. The plan also called for
the divestiture of non-strategic assets, which was accomplished
through a sales process that assured maximum valuation.
DOW GROWTH AND FIRST FEDERAL APPOINTMENTS
In March 2010, Liveris reported a first quarter 48.9% sales increase
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
Barack Obama . The
Council advises the government on increasing exports, to foster job
creation and support U.S. economic growth.
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
In March 2017, he said the ban on onshore gas exploration by the
Victorian Government in
Australia was "nonsense," and that he offered
"Dow’s unfettered help with no intended positives for Dow" in
learning extraction techniques.
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
DuPont . In May, Dow said that Liveris
would retire from the
DowDuPont company mid-2018, serving as executive
chairman until between April and July 2018.
In December 2016, Liveris was named by
Donald Trump to lead his
American Manufacturing Council. Liveris said Trump created a climate
that is condusive to business effectiveness for his company.
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
White House a month later to suggest how to increase US manufacturing,
Wilbur Ross . Liveris said it was "an exciting moment for
Dow, and, frankly, the country," as he believed Trump would help
promote "fair trade."
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 the battery company
Novonix, and he is also on the board of
IBM and a member of the
executive committee of the
Business Roundtable . Liveris is also a
former president of the International Council of Chemical Associations
. He served as Vice-Chairman of
The Business Council for 2011 and
2012, and as chairman for 2013 and 2014. He is a member of the
Peterson Institute for International Economics , and the American
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 (UTS) Business School. In April
2012 he became a member of the
Special Olympics International board of
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
services to international business
Liveris and his wife Paula have three adult children. The couple
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
Rohm and Haas continues in Middle
* ^ Gutierrez, Carl (28 April 2010). "Dow Chemical\'s Growth
* ^ "Dow\'s Liveris Calls For Manufacturing Renewal".
* ^ "Dow and Mitsui Form Joint Venture for Chlor-Alkali
* ^ Plishka, Bob (7 July 2010). "Liveris Named to President\'s
Export Council". Dow News. Retrieved 30 March 2017.
* ^ "President\'s Export Council". International Trade
Administration. Retrieved 30 March 2017.
* ^ "President\'s Export Council Members". International Trade
Administration. Retrieved 30 March 2017.
* ^ "President Obama Launches Advanced Manufacturing Partnership".
The White House. 24 June 2011. Retrieved 30 March 2017.
* ^ "Andrew N. Liveris, Chairman and Chief Executive Officer of The
Dow Chemical Company.." Leadership 100. Retrieved 30 March 2017.
* ^ Schneyer, Joshua; Grow, Brian (7 May 2015). "Dow Chemical\'s
Australian CEO Andrew Liveris challenged on spending for years,
documents show". The Sidney Morning Herald. Retrieved 19 October 2015.
* ^ 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
DuPont Merger". Bloomberg.
* ^ "Andrew Liveris to retire from combined
mid-2018". Reuters. 11 May 2017.
* ^ Bender, Michael C. (10 December 2016). "Trump Names Dow
Chemical CEO Andrew Liveris to Lead Manufacturing Council". The Wall
Street Journal. Retrieved 30 March 2017.
* ^ "
Donald Trump appoints
Dow Chemical chief Andrew Liveris as
head of manufacturing". ABC News. 10 December 2016. Retrieved 30 March
* ^ Diaz, Daniella (9 December 2016). "Trump announces Dow Chemical
CEO as head of America Manufacturing Council". CNN. Retrieved 15 May
* ^ Etherington, Darrell (27 January 2017). "Trump\'s manufacturing
council includes Elon Musk, Michael Dell and Mark Fields". TechCrunch.
Retrieved 30 March 2017.
* ^ "Dow\'s Apprenticeship Program Gets Department of Labor
Approval". Industry Week. 8 May 2017.
* ^ "CEO\'s discussed tax, regulations and trade with Trump:
Liveris". Reuters. 23 January 2017.
* ^ "
Dow Chemical CEO and Trump manufacturing advisor: How US
companies can benefit from \'fair trade\'". CNBC. 26 January 2017.
* ^ "
Dow Chemical CEO on Trump: This is the most pro-business
administration since the Founding Fathers". CNBC. 23 February 2017.
* ^ Arter, Melanie (23 February 2017). "\'This Is Probably the Most
Pro-Business Administration Since the Founding Fathers\'". CNS news.
Retrieved 15 May 2017.
* ^ Cao, Rachel (23 February 2017). "
Dow Chemical CEO on Trump:
This is the most pro-business administration since the Founding
Fathers". Retrieved 15 May 2017.
* ^ Levin, Bess (20 April 2017). "
Dow Chemical Donates $1 Million
to Trump, Asks Administration to Ignore Pesticide Study". Vanity Fair.
* ^ "
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.). Hoboken, N.J.: Wiley. ISBN
* ^ 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
Wayback Machine .
* ^ Dow Chairman and CEO Andrew Liveris Elected Chairman, The
Business Council dow.com, 19 October 2012
* ^ Press Release: The
Dow Chemical Company, Dow Chairman and CEO
Andrew Liveris Elected Chairman, The Business Council,
Yahoo! , 19
* ^ Dow Chief To Head National Business Organization Archived 19
December 2013 at the
Wayback Machine . WSGW
* ^ American Australian Association
* ^ "
Special Olympics Announces Additions to International Board of
Special Olympics. Retrieved 30 March 2017.
* ^ Business Advisory Board for the University of Technology Sydney
(UTS) Business School
Special Olympics Announces Additions to International board of
* ^ Papapostolou, Anastasios (28 August 2015). "The Hellenic
Initiative Announces 3rd Annual Banquet". Greek Reporter. Retrieved 30
* ^ Andrew Liveris of
Dow Chemical Ranked No. 1 on ICIS Top 40
* ^ ICIS Top 40 Power Players: Dow CEO Andrew Liveris takes top
spot for 2012
* ^ ICIS Top 40 Power Players Ranking for 2013 Revealed
* ^ Liveris to give Davis Lecture
* ^ Leadership Award Presented to Andrew Liveris
* ^ 2011 Distinguished Performance Awards Dinner
* ^ Brazil\'s Petrobras wins "Company" and "Producer of the Year"
Honors at Platts Global Energy Awards as "CEO" Goes to Dow Chemical\'s
* ^ Leadership 100
* ^ The American Hellenic Council honored Andrew Liveris, Rep.
Shelley Berkley and Phedon Papamichael in 2012 Annual Awards Gala on
31 March in Los Angeles
* ^ China Development Forum
* ^ Liveris Presides over China Development Forum as 2012 Co-Chair,
Delivers Opening Remarks
* ^ True Leaders
Asia and beyond
* ^ Andrew Liveris, Chairman and CEO of The
Dow Chemical Company,
to be Awarded the 2013 International Palladium Medal
* ^ BENS to Honor Gen. Raymond T. Odierno, USA and Andrew N.
Liveris, Chairman, President font-size: 90%; color: