Dow Chemical CEO confirms he will step down in 2017
Andrew Liveris, the embattled CEO of Dow Chemical, confirmed during an analysts' call that he will leave the company in 2017, after Dow completes its takeover of Dow Corning, and then merges with Dupont.
Liveris' leadership has been under attack by an activist investor, who criticized Liveris for not pursuing mergers and other means of maximizing investor returns. That was before the Dupont deal was announced.
Liveris has been with Dow Chemical for 40 years and was its CEO for 12.
He also faced negative press for allegedly using company money for personal trips. Liveris repaid more than $700,000 to Dow in 2011.