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| occupation = Chairman and CEO, [[Dow Chemical|The Dow Chemical Company]] |
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| predecessor = William S. Stavropoulos |
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| government = Co-Chair of the Advanced Manufacturing Partnership (US) |
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'''Andrew N. Liveris''' (born 5 May 1954) is President, Chairman and chief executive officer of [[The Dow Chemical Company]],<ref>{{cite web |url= http://investing.businessweek.com/research/stocks/people/person.asp?personId=8307189&ticker=DOW:US |title=Andrew Liveris: Executive Profile & Biography – Businessweek |first= |work=investing.businessweek.com|accessdate=19 July 2012}}</ref> a global speciality chemical, advanced materials, agrosciences and plastics company based in [[Midland, Michigan]] with 2013 annual sales of more than $57 billion.<ref>{{cite web|url= http://www.dow.com/investors/earnings/|title=Dow's Most Recent Earnings Material}}</ref> 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 succeeded [[William S. Stavropoulos]] as CEO in 2004, after holding the position of chief operating officer. |
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'''Andrew N. Liveris''' (born 5 May 1954) is President, Chairman and [[Chief Executive Officer]] of [[The Dow Chemical Company]].<ref>{{cite web |url= http://investing.businessweek.com/research/stocks/people/person.asp?personId=8307189&ticker=DOW:US |title=Andrew Liveris: Executive Profile & Biography – Businessweek |first= |work=investing.businessweek.com|accessdate=19 July 2012}}</ref> 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 succeeded [[William S. Stavropoulos]] as CEO in 2004, after holding the position of [[chief operating officer]]. Liveris also served as Co-Chair of President Obama's Advanced Manufacturing Partnership in the United States.<ref name="The White House">{{cite web|title=President Obama Launches Advanced Manufacturing Partnership Steering Committee “2.0”|url=https://www.whitehouse.gov/the-press-office/2013/09/26/president-obama-launches-advanced-manufacturing-partnership-steering-com|website=The White House|publisher=The White House|accessdate=12 November 2015}}</ref> In January 2014, Liveris was appointed Officer of the [[Order of Australia]] for "services to international business". He also received two [[honorary doctorate]]s, from [[The University of Queensland]] and [[Michigan State University]]. |
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==Life and career== |
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Liveris was born in [[Darwin, Australia|Darwin]], Australia, and attended [[Darwin High School]] until 1974 when Darwin was hit by [[Cyclone Tracy]]. He then moved to [[Brisbane, Australia|Brisbane]] where he continued his education at [[Brisbane State High School]]. He holds a bachelor's degree (first-class-honors) in [[Chemical Engineering]] from the [[University of Queensland]].<ref>{{cite web |url= http://www.forbes.com/lists/2012/12/ceo-compensation-12_Andrew-N-Liveris_QWQ8.html |title=#165 Andrew N Liveris – Forbes.com|work=forbes.com|accessdate=19 July 2012}}</ref> In 2005 he was awarded an honorary doctorate in science by his alma mater as well as being named Alumnus of the Year. A great alumnus support to the University, he was appointed Inaugural Chair to The University of Queensland in America Foundation in 2011. |
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Liveris' 37-year Dow career began in 1976 in [[Melbourne]], Australia. Since then, his career has spanned the continents of Asia and North America, with roles in manufacturing, engineering, sales, marketing, and business and general management. |
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==Early life== |
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Under Liveris' reign as CEO, Dow was ranked 13th on Corporate Responsibility Officer (CRO) Magazine's list of top 100 best corporate citizens of 2008.<ref>{{cite web|url=http://www.thecro.com/files/100best-JanFeb08-Listing.pdf |title=Dow ranks one of America's '100 Best Corporate Citizens'}}</ref> |
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Liveris was born to a [[Greek Australian|Greek migrant]] family in [[Darwin, Australia|Darwin]], Australia. His family came to Darwin on a [[Merchant vessel|trading ship]] in 1915. He attended [[Darwin High School]] until 1974 when Darwin was hit by [[Cyclone Tracy]], and his family's construction business was destroyed. His father died when he was 15 years of age, and his uncle took over his family.<ref name="The Australian" /> |
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===Education=== |
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Liveris then moved to [[Brisbane, Australia|Brisbane]] where he continued his education at [[Brisbane State High School]].<ref name="Forbes compensation" /><ref name="The Bottom Line">{{cite web|last1=Malley|first1=Alex|title=Andrew Liveris: Feature Interview|url=http://www.thebottomlinetv.com.au/interview/andrew-liveris-interview/|website=The Bottom Line|publisher=The Bottom Line|accessdate=13 November 2015}}</ref> |
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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 feed stocks 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).<ref>{{cite web|url=http://www.icis.com/Articles/2008/12/15/9178915/dow-chemical-ceo-andrew-liveris-looks-to-win-in-specialties-and-commodity-jvs-in-spite-of-economic-t.html|title=Dow Chemical CEO Andrew Liveris looks to win in specialties and commodity JVs in spite of economic turmoil}}</ref> |
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Liveris holds a bachelor's degree (first-class-honors) in [[Chemical Engineering]] from the [[University of Queensland]] (UQ).<ref name="Forbes compensation">{{cite web |url= http://www.forbes.com/lists/2012/12/ceo-compensation-12_Andrew-N-Liveris_QWQ8.html |title=#165 Andrew N Liveris – Forbes.com|work=forbes.com|accessdate=19 July 2012}}</ref> Noted UQ professor, Don Nicklin, initially encouraged him to look for work in American companies.<ref name="The Australian" /> |
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Liveris' strongest move to implement the strategy came with the purchase of [[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 costs.<ref name=Wall>{{cite news|url=http://blogs.wsj.com/deals/2009/01/07/parsing-dow-chemical-ceo-andrew-liveris/|title=Parsing Dow Chemical CEO Andrew Liveris | work=The Wall Street Journal | first=Heidi N. | last=Moore | date=7 January 2009}}</ref> |
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==Career== |
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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 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.<ref>{{cite web|url=http://www.businessweek.com/news/2012-05-24/dow-awarded-2-dot-16-billion-from-kuwait-over-aborted-deal|title=Dow Awarded $2.16 Billion From Kuwait Over Aborted Deal}}</ref> |
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Liveris' Dow career began in 1976 in [[Melbourne]], Australia, as a recent university graduate. After several promotions, he helped run an Asia-Pacific business out of [[Hong Kong]] and eventually became General Manager of Dow's Thailand operations.<ref>{{cite book|title=Dun & Bradstreet Reference Book of Corporate Managements|url=http://books.google.com/books?id=x61ZAAAAYAAJ|year=2008|publisher=Dun & Bradstreet, Incorporated}}</ref> In 1992, after another promotion, Liveris relocated to the US, where he remained except for a three year stint as President of Dow Chemical Pacific.<ref>{{cite book|title=Chemical Engineering|url=http://books.google.com/books?id=ez9KAQAAIAAJ|year=2007|publisher=McGraw-Hill Publishing Company}}</ref><ref>{{cite book|title=Business Review Weekly: BRW|url=http://books.google.com/books?id=PJ2ZAAAAIAAJ|publisher=Business Review Weekly}}</ref><ref>{{cite book|title=Chemical Week|url=http://books.google.com/books?id=5UVLAQAAIAAJ|year=1998|publisher=McGraw-Hill}}</ref> In 2002, Dow's board considered him and a few other candidates as future postulants for CEO.<ref name="The Australian">{{cite web|last1=White|first1=Andrew|title=Andrew Liveris is the accidental CEO - of Dow Chemical|url=http://www.theaustralian.com.au/business/the-deal-magazine/andrew-liveris-is-the-accidental-ceo-of-dow-chemical/story-e6frgabx-1227090197241|website=The Australian|publisher=The Australian|accessdate=12 November 2015}}</ref> |
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===Dow=== |
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In March 2009, Liveris and his management team organised a plan to implement the 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.<ref>{{cite web|url=http://www.ameinfo.com/202673.html|title=Dow integration process with Rohm and Haas continues in Middle East}}</ref> |
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Liveris, appointed CEO in 2004 after the board of directors unanimously selected him, undertook a review of Dow's strategy.<ref name="The Australian" /> As a consequence, he called for Dow to reinforce its customised chemicals, plastics and advanced materials businesses (including electronics and agricultural products such as [[GMO|genetically improved]] seeds). The plan he proposed also called for reducing Dow's exposure to [[commodity]] chemicals and plastics. Part of the plan to "de-risk" the business called for the formation of joint ventures to free up Dow [[capital (economics)|capital]] for deployment in more specialised areas of the business. The formation of [[joint venture]]s had the benefit of assuring a low cost supply of [[feedstock]]s for the customer-facing portion of Dow's business.<ref name="Forbes2008">{{cite book|author=Bertie Charles Forbes|title=Forbes|url=http://books.google.com/books?id=T1ERAQAAMAAJ|date=July 2008|publisher=Forbes Incorporated}}</ref> Dow has fully exited from some basic chemicals and plastic businesses (as with the sale of [[Styron (company)|Styron]] and its [[polypropylene]] and [[chlorine]] businesses).<ref name=Forbes>{{cite web|last1=Fisher|first1=Daniel|title=Shale Gas And Buffett's Billions Fuel Turnaround At Dow Chemical|url=http://www.forbes.com/sites/danielfisher/2014/10/15/shale-gas-and-buffetts-billions-fuel-turnaround-at-dow-chemical/|website=Forbes|publisher=Forbes|accessdate=12 November 2015}}</ref><ref name=Reisch>{{cite journal|last1=Reisch|first1=Marc S.|title=Liveris Tells It Like It Is|journal=Chemical & Engineering News|date=May 29, 2006|volume=84|issue=22|pages=10-15|accessdate=12 November 2015}}</ref> |
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Liveris' largest move in this direction came with the purchase of [[Rohm and Haas]], finalised in April 2009.<ref name="Het Financieele Dagblad">{{cite web|last1=Verbraeken|first1=Hans|title=Dow Chemical beticht Turkse branchegenoot van spionage|url=http://fd.nl/ondernemen/1125704/dow-chemical-beticht-turkse-branchegenoot-van-spionage|website=Het Financieele Dagblad|publisher=Het Financieele Dagblad|accessdate=12 November 2015}}</ref> This [[Fortune 500]] company, a leader in [[specialty chemicals]], was the subject of a global auction, which Dow won with a bid of $16.2 billion. The acquisition allowed a broader presentation to clients with regard to value-added chemicals, plastics and materials, but was beneficial to Dow also in terms of costs.<ref name="Wall Street Journal heidi">{{cite web|last1=Moore|first1=Heidi N.|title=Parsing Dow Chemical CEO Andrew Liveris|url=http://blogs.wsj.com/deals/2009/01/07/parsing-dow-chemical-ceo-andrew-liveris/|website=Wall Street Journal|publisher=Wall Street Journal|accessdate=12 November 2015}}</ref><ref name="NYT nocera">{{cite web|last1=Nocera|first1=Joe|title=Dow Imperiled by Its Deal for Rohm & Haas|url=http://www.nytimes.com/2009/02/07/business/07nocera.html?pagewanted=all|website=NYT|publisher=NYT|accessdate=7 October 2015}}</ref> |
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During the 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".<ref name=Wall/> The following quarter Dow cut its dividend by 65%.<ref>{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=80099&p=irol-dividends |title=Dividend Summary for The Dow Chemical Company |publisher=The Dow Chemical Company|accessdate= 1 January 2012}}</ref> 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."<ref>{{cite web|url=http://www.dow.com/news/corporate/2009/20090212a.htm |title=Dow Declares Quarterly Dividend of 15 Cents per Share |publisher=The Dow Chemical Company|accessdate= 8 February 2012}}</ref> |
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The acquisition closed soon after the [[Financial crisis of 2007–08]] took hold. The crisis caused one of Dow's joint venture partners, Petrochemical Industries Company of the State of [[Kuwait]], a wholly owned subsidiary of [[Kuwait Petroleum Corporation]], to withdraw from a planned partnership in basic plastics. This translated into a $9 billion loss in proceeds designated to fund the Rohm and Haas deal. The London-based International [[Court of Arbitration]] ruled in March 2012 to award Dow $2.16 Billion plus costs and interest from Kuwait due to its cancellation of the 2008 agreement.<ref name=Businessweek>{{cite web|last1=Kaskey|first1=Jack|title=Dow Awarded $2.16 Billion From Kuwait Over Aborted Deal|url=http://www.businessweek.com/news/2012-05-24/dow-awarded-2-dot-16-billion-from-kuwait-over-aborted-deal|website=Businessweek|publisher=Businessweek|accessdate=12 November 2015}}</ref> |
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Liveris has continued to form joint ventures for the basics business, his most recent initiative in chlor-alkali with the Mitsui Group in Japan as a partner.<ref>{{cite web|url=http://www.mfrtech.com/articles/3593.html|title=Dow and Mitsui Form Joint Venture for Chlor-Alkali Production}}</ref> |
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In March 2009, Liveris and his management team organised a plan to implement the Rohm and Haas integration, reducing debt from the transaction through [[public offering]]s, along with [[Seasoned equity offering|equity offer]]s. The plan also called for the [[divestment|divestiture]] of non-strategic assets, which was accomplished through a sales process.<ref name="Financial Times crook">{{cite web|last1=Crooks|first1=Ed|title=Dow Chemical to spin off low-margin assets|url=http://www.ft.com/intl/cms/s/0/2629c124-5b58-11e3-a2ba-00144feabdc0.html#axzz3rJDXswCd|website=Financial Times|publisher=Financial Times|accessdate=12 November 2015}}</ref> On February 12, 2009, the company declared a decrease in [[dividend]] of about 60% compared to the previous quarter. It represented the first time the company had diminished its investor payout.<ref name="The Street against">{{cite web|title=Against the Grain: Buy Dow Chemical!|url=http://www.thestreet.com/video/10464012/against-the-grain-buy-dow-chemical.html|website=The Street|publisher=The Street|accessdate=7 October 2015}}</ref><ref name="The Street">{{cite web|last1=Marvin|first1=Chuck|title=Dow Chemical Likely Glad Week's Over|url=http://www.thestreet.com/story/10464074/1/dow-chemical-likely-glad-weeks-over.html|website=The Street|publisher=The Street|accessdate=7 October 2015}}</ref> |
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The recovery plan has been accompanied by a sixfold recovery in the share price. |
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In 2011, Dow and [[Saudi Arabian Oil Company]] (Saudi Aramco) developed the joint venture, Sadara Chemical Company, worth $20 billion.<ref name=ChemicalsTechnology>{{cite web|title=Sadara Chemicals Complex, Al Sharqiya, Saudi Arabia|url=http://www.chemicals-technology.com/projects/sadara-complex/|website=ChemicalsTechnology|publisher=ChemicalsTechnology|accessdate=7 October 2015}}</ref> This project will require a tenfold increase in Dow's Middle East regional storage and handling requirements.<ref name="The National">{{cite web|last1=McAuley|first1=Anthony|title=Dow Chemical and DP World sign storage and shipping deal|url=http://www.thenational.ae/dow-chemical-and-dp-world-sign-storage-and-shipping-deal|website=The National|publisher=The National|accessdate=7 October 2015}}</ref> Sadara Chemical Company began production in 2015.<ref name=GPCA>{{cite web|title=Sadara Chemical Company has successfully started up its first production plant, moving on schedule from the construction to the operational phase.|url=http://www.gpca.org.ae/news/sadara-chemical-company-has-successfully-started-up-its-first-production-plant-moving-on-schedule-from-the-construction-to-the-operational-phase/|website=GPCA|publisher=GPCA|accessdate=6 January 2016}}</ref> |
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===Advanced Manufacturing Plan=== |
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An advocate for the criticality of manufacturing to the long-term health of a nation's economy, Liveris was most recently appointed Co-Chair of President Obama's Advanced Manufacturing Partnership in the United States. Liveris is also the author of Make It in America, a book released in January 2011 which presents a comprehensive set of practical policy solutions and business strategies and is a natural extension of the multiple streams of existing work by Dow which were previously outlines in the Company's vision for an 'Advanced Manufacturing Plan' announced in June 2010. |
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In the fourth quarter of 2014, relying on cheap oil and natural-gas derivatives (in part due to the U.S. "[[fracking]] boom"), Dow announced the creation of new operating segments, and is significantly expanding its operations in Texas and Louisiana, investing $6 billion in its U.S. Gulf Coast plants. Dow stated it would boost its end-market orientation and increase its commitment to [[ethylene]] and [[propylene]].<ref name="Street Insider segments">{{cite web|title=Dow Chemical (DOW) Announces Realignment of External Reporting Segments|url=http://www.streetinsider.com/Corporate+News/Dow+Chemical+(DOW)+Announces+Realignment+of+External+Reporting+Segments/10004841.html|website=Street Insider|publisher=Street Insider|accessdate=7 October 2015}}</ref> Its manufacturing facilities in the United States would be enlarged by 40 percent, according to ''[[Forbes]]''.<ref name=Forbes>{{cite web|last1=McMahon|first1=Jeff|title=Dow Bets $6 Billion That U.S. Fracking Boom Will Last Another Decade|url=http://www.forbes.com/sites/jeffmcmahon/2015/03/01/dow-bets-6-billion-that-u-s-oil-and-gas-rush-will-last-another-decade/|website=Forbes|publisher=Forbes|accessdate=24 November 2015}}</ref><ref name=Manufacturing.net>{{cite web|last1=Szal|first1=Andy|title=Dow's Next Big Move — A $6 Billion Manufacturing Expansion|url=http://www.manufacturing.net/news/2015/03/dows-next-big-move-%E2%80%94-a-6-billion-manufacturing-expansion|website=Manufacturing.net|publisher=Manufacturing.net|accessdate=24 November 2015}}</ref> Among the investments stipulated are the restart of a hydrocarbons cracker in [[St. Charles Parish, Louisiana|St. Charles, Louisiana]], a [[propene|propylene dehydrogenation]] facility in [[Freeport, Texas]] (which sarted operations as of December 2015),<ref name="Houston Business Journal">{{cite web|last1=Furr|first1=Laura|title=Dow opens massive production facility in Freeport|url=http://www.bizjournals.com/houston/morning_call/2015/12/dow-opens-massive-production-facility-in-freeport.html|website=Houston Business Journal|publisher=Houston Business Journal|accessdate=6 January 2016}}</ref> expansion of hydrocarbon cracking capabilities in [[Plaquemine, Louisiana]] and a new cracker in Freeport Texas – as well as [[Derivative (finance)|derivatives]] that serve the packaging, food safety, [[consumer durables]], and automotive industries, with the company stating other units could become available in the future.<ref name=Forbes /><ref name="ICIS News epca">{{cite web|title=EPCA ’14: Half of US PDH projects to be delayed or shelved – exec|url=http://www.icis.com/resources/news/2014/10/05/9826545/epca-14-half-of-us-pdh-projects-to-be-delayed-or-shelved-exec/|website=ICIS News|publisher=ICIS News|accessdate=7 October 2015}}</ref><ref name="IHS Chemical Week">{{cite web|last1=Protti-Alvarez|first1=Francinia|last2=Boswell|first2=Clay|title=Ascend plans $1.2-billion PDH plant at Chocolate Bayou|url=http://www.chemweek.com/lab/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html|website=IHS Chemical Week|publisher=IHS Chemical Week|accessdate=7 October 2015}}</ref><ref name=Manufacturing.net /> |
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On March 27, 2015, Dow and [[Olin Corporation]] announced a move under which Dow would separate a portion of its chlorine business and merge that new entity with Olin, with the new business having estimated revenues of $7 billion.<ref name="NYT olin">{{cite web|last1=Gelles|first1=David|title=Dow Chemical to Merge Unit With Olin|url=http://www.nytimes.com/2015/03/28/business/dealbook/dow-chemical-to-merge-unit-with-olin.html|website=NYT|publisher=NYT|accessdate=7 October 2015}}</ref> Upon completion of the transaction, Olin became the largest chlorine producer in the world.<ref name="Forbes chlorine">{{cite web|last1=Fisher|first1=Daniel|title=Will $5B Sale Of Dow Chemical's Chlorine Business Silence Its Critics?|url=http://www.forbes.com/sites/danielfisher/2015/03/27/dow-chemical-strikes-5b-deal-to-merge-chlorine-unit-with-olin/|website=Forbes|publisher=Forbes|accessdate=6 October 2015}}</ref> About the exchange, Liveris stated to the ''Wall Street Journal'': "Our drive is to get better, not bigger".<ref name="Wall Street Journal split">{{cite web|last1=SIDER|first1=ALISON|last2=DULANEY|first2=CHELSEY|title=Dow Chemical to Split Off Chlorine Business in $5 Billion Deal|url=http://www.wsj.com/articles/dow-chemical-to-split-off-chlorine-business-in-5-billion-deal-1427454861|website=Wall Street Journal|publisher=Wall Street Journal|accessdate=12 November 2015}}</ref> Dow is, as of 2015, focusing resources on specialty chemicals that earn margins of at least 20%.<ref name="WSJ makeover">{{cite web|last1=Cameron|first1=Doug|title=Dow Chemical Launches Makeover|url=http://www.wsj.com/articles/SB10001424052702303670804579233752006973342|website=WSJ|publisher=WSJ|accessdate=7 October 2015}}</ref><ref name="Forbes chlorine" /><ref name="The Australian" /> |
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On December 11, 2015, Dow and Dupont announced they planned to combine in an all-stock [[Mergers and acquisitions|merger]] of equals.<ref name="Forbes corning" /> The combined company will be named DowDuPont. The company then intends to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies.<ref name="Yahoo Finance dupont">{{cite web|last1=Ariel|first1=Steve|title=DowDuPont Will Spin Off into 3 Independent Public Companies|url=http://finance.yahoo.com/news/dowdupont-spin-off-3-independent-190524695.html|website=Yahoo Finance|publisher=Yahoo Finance|accessdate=19 January 2016}}</ref> The three companies would include an agriculture company, a material science company, and a specialty products company. In an interview with [[CNBC]] reporter [[David Faber]], Liveris said the merger was the culmination of more than 10 years of work to bring the two companies together.<ref name="CNBC interview">{{cite web|title=First on CNBC: CNBC Transcript: DuPont CEO Edward Breen and Dow CEO Andrew Liveris Speak with CNBC’s David Faber on “Squawk on the Street” Today|url=http://www.cnbc.com/2015/12/11/first-on-cnbc-cnbc-transcript-dupont-ceo-edward-breen-and-dow-ceo-andrew-liveris-speak-with-cnbcs-david-faber-on-squawk-on-the-street-today.html|website=CNBC|accessdate=19 January 2016}}</ref> At the same time, Dow announced that it would become the 100% owner of [[Dow Corning Corporation]], a 50:50 joint venture between Dow and Corning.<ref name="Forbes corning">{{cite web|last1=Primack|first1=Dan|title=Dow Chemical and DuPont Announce Mega-Merger|url=http://fortune.com/2015/12/11/dow-chemical-and-dupont-announce-mega-merger/|website=Forbes|publisher=Forbes|accessdate=6 January 2016}}</ref> |
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===Make it in America=== |
===Make it in America=== |
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Liveris is the author of ''Make It in America: The Case for Re-Inventing The Economy'', a book released in January 2011, based on Dow's vision for an 'Advanced Manufacturing Plan' announced in June 2010.<ref name="WH 2.0">{{cite web|title=President Obama Launches Advanced Manufacturing Partnership Steering Committee “2.0”|url=https://www.whitehouse.gov/the-press-office/2013/09/26/president-obama-launches-advanced-manufacturing-partnership-steering-com|website=Office of the Press Secretary|publisher=The White House|accessdate=24 November 2015}}</ref><ref name="WH fact sheet">{{cite web|title=FACT SHEET: President Obama Announces New Actions to Further Strengthen U.S. Manufacturing|url=https://www.whitehouse.gov/the-press-office/2014/10/27/fact-sheet-president-obama-announces-new-actions-further-strengthen-us-m|website=Office of the Press Secretary|publisher=The White House|accessdate=24 November 2015}}</ref> It is divided into eight chapters and is 240 pages long.<ref name="mLive Michigan book">{{cite web|last1=Dodson|first1=Andrew|title=Dow Chemical Co. CEO Andrew Liveris' new book makes case for manufacturing in America|url=http://www.mlive.com/midland/index.ssf/2011/01/dow_chemical_co_ceo_andrew_liveris_new_book_makes_case_for_manufacturing_in_america.html|website=mLive Michigan|publisher=mLive Michigan|accessdate=14 January 2016}}</ref> The book,<ref name="Liveris2011">{{cite book|author=Andrew Liveris|title=Make It In America, Updated Edition: The Case for Re-Inventing the Economy|url=http://books.google.com/books?id=02pB4hNx9K0C|date=15 December 2011|publisher=John Wiley & Sons|isbn=978-1-118-29494-9}}</ref> published by [[John Wiley & Sons]], was named No. 9 on the ''[[Inc. (magazine)|Inc.]]''/800-CEO-READ best-seller list for 2011.<ref name=800ceoread>{{cite web|title=The Bestsellers of 2011|url=http://inthebooks.800ceoread.com/8cr-bestsellers/articles/the-bestsellers-of-2011|website=800ceoread|publisher=800ceoread|accessdate=12 November 2015}}</ref> |
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Liveris' first book, "Make it in America: The Case for Re-Inventing The Economy" (updated in paperback in January 2012), has received wide publicity<ref name="Assembled Elsewhere">[http://online.wsj.com/article/SB10001424052748703398504576100301867568600.html Assembled Elsewhere]</ref> and praise<ref name="A CEO’s Defense of Government">[http://www.thedailybeast.com/articles/2011/06/20/andrew-liveris-the-dow-chemical-ceo-defends-government-impresses-clinton.html A CEO's Defense of Government]</ref> in the business world.<ref name="Make It in America in the News">[http://www.dow.com/about/insights/reviews.htm Make It in America in the News]</ref> |
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The book,<ref name="Wiley Make It in America: The Case for Re-Inventing the Economy">[http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470930225,descCd-description.html Wiley Make It in America: The Case for Re-Inventing the Economy]</ref> published by [[John Wiley & Sons]]: |
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* Explains how a manufacturing sector creates economic value at a scale unmatched by any other and how central the sector is to creating jobs both inside and outside the factory. |
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* Explores how other nations are building their manufacturing sectors to stay competitive in the global economy, and describes how America has failed to keep up. |
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* Provides an aggressive, practical and comprehensive agenda that will put the US back on track to lead the world. |
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* Make It in America was named No. 9<ref>[http://blog.800ceoread.com/2011/12/31/the-bestsellers-of-2011/ Make It in America was named No. 9]</ref> on the Inc./800-CEO-READ Business book best-seller list for 2011 giving weight to both total sales numbers and how long each book stayed on the list. |
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His first book, updated in paperback in January 2012, received wide publicity in the business world.<ref name="Wall Street Journal book" /><ref name="The Daily Beast">{{cite web|last1=Schneiderman|first1=R.M.|title=A CEO’s Defense of Government|url=http://www.thedailybeast.com/articles/2011/06/20/andrew-liveris-the-dow-chemical-ceo-defends-government-impresses-clinton.html|website=The Daily Beast|publisher=The Daily Beast|accessdate=12 November 2015}}</ref> The ''[[Financial Times]]'' called it a "widely praised [[polemic]]".<ref name="Financial Times book">{{cite web|last1=Crooks|first1=Ed|title=WEEK IN REVIEW December 11, 2015 6:11 pm DuPont merger will keep Dow Chemical survivor at the top|url=http://www.ft.com/intl/cms/s/0/17df57c2-a026-11e5-8613-08e211ea5317.html#axzz3xFweZqYS|website=Financial Times|publisher=Financial Times|accessdate=14 January 2016}}</ref> According to the ''[[Wall Street Journal]]'', in the book Liveris "calls for a national strategy to revive manufacturing", while proposing several reform ideas.<ref name="Wall Street Journal book">{{cite web|last1=HAGERTY|first1=James R.|title=Assembled Elsewhere|url=http://www.wsj.com/articles/SB10001424052748703398504576100301867568600|website=Wall Street Journal|publisher=Wall Street Journal|accessdate=12 November 2015}}</ref> |
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===Board memberships=== |
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Liveris serves on the board of directors of [[IBM]] and is a member of the executive committee of the [[Business Roundtable]]. Liveris is also a former president of the International Council of Chemical Associations.<ref>http://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/BASFs-Kurt-Bock-to-Lead-Global-Chemical-Industry-Association-Dows-Andrew-Liveris-Completes-Succes.html</ref> He serves as Vice-Chairman of [[The Business Council]] for 2011 and 2012, and he will serve as its chairman in 2013 and 2014.<ref name="committee">[http://www.thebusinesscouncil.org/about/excommittee.aspx The Business Council, Official website, Executive Committee]</ref><ref name="dow">[http://www.dow.com/news/all-news/article/?id=/company-news/dow-chairman-and-ceo-andrew-liveris-elected-chairman%C2%A0-business-council#.UIWXQIba-So Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council dow.com, 19 October 2012]</ref><ref name="yahoo">Press Release: The Dow Chemical Company, [http://finance.yahoo.com/news/dow-chairman-ceo-andrew-liveris-174000939.html Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council], ''[[Yahoo!]]'', 19 October 2012</ref><ref name="wsgw">[http://www.wsgw.com/common/more.php?m=15&r=1&item_id=4221 Dow Chief To Head National Business Organization] ''[[WSGW (AM)|WSGW]]''</ref> He is a member of the President's Export Council,<ref>[http://trade.gov/pec/ International Trade Association, President's Export Council]</ref> and a member of the executive committee of the [[Business Roundtable]], the [[Peterson Institute for International Economics]], and the American Australian Association.<ref>[http://www.americanaustralian.org/ American Australian Association]</ref> Mr. Liveris recently 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 that aims to leverage Diaspora resources to encourage entrepreneurship and job-creating investments in Greece. He currently serves the organisation as chairman of the board.<ref>[http://thehellenicinitiative.org/leadership.html The Hellenic Initiative]</ref> He 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 the University of Technology Sydney (UTS) Business School, and in April 2012 he became a member of the Special Olympics International board of directors."<ref>[http://datasearch.uts.edu.au/business/news-events/news-detail.cfm?ItemId=30326 Business Advisory Board for the University of Technology Sydney (UTS) Business School]</ref><ref>[http://www.specialolympics.org/Press/2012/April_2012_Board_of_Directors_Meeting.aspx Special Olympics Announces Additions to International board of directors]</ref> |
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The book argues that when US-based firms move their high-tech manufacturing processes overseas, the country loses skills needed for "whole groups of products", citing the [[Amazon]] [[Kindle]] as an example. Industries born in the US, such as highly advanced [[Integrated_circuit#Advances_in_integrated_circuits|computer circuitry]], are for this reason now existent only outside the country. Liveris, among other proposals to stimulate the industry, seeks an overhaul of the [[K-12]] education system to include a greater focus on the sciences; and thinks the government should sign more [[free-trade agreement]]s and implement a national strategy to encourage more manufacturing, a strategy including cutting taxes and making regulations more uniform in order to compete with other continents.<ref name="Wall Street Journal book" /> Manufacturing, he posits, "can create jobs, economic health and growth at a level such that the services industry will never be able to do".<ref name=AutomationWorld>{{cite web|last1=De Bernardini|first1=Luigi|title=The Role of Manufacturing in Economic Development|url=http://www.automationworld.com/role-manufacturing-economic-development|website=AutomationWorld|publisher=AutomationWorld|accessdate=14 January 2016}}</ref> |
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===Awards and recognition=== |
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Liveris has been named the No. 1 Power Player in the global chemical markets three times, first in 2010, and consecutively in 2012 and 2013 by ICIS Chemical Business magazine,<ref>[http://www.dow.com/news/corporate/2010/20101213a.htm Andrew Liveris of Dow Chemical Ranked No. 1 on ICIS Top 40 Power Players]</ref><ref>[http://www.icis.com/Articles/2012/12/10/9622048/corrected-icis-top-40-power-players-dow-ceo-andrew-liveris-takes-top-spot-for-2012.html ICIS Top 40 Power Players: Dow CEO Andrew Liveris takes top spot for 2012]</ref><ref>[http://www.prnewswire.com/news-releases/icis-top-40-power-players-ranking-for-2013-revealed-235994731.html, ICIS Top 40 Power Players Ranking for 2013 Revealed]</ref> and his breadth of experience and expertise is broadly represented across business, government, academic, and non-profit sectors. |
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===Board Memberships=== |
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* In 2005, Liveris received an honorary doctorate from his alma mater, the University of Queensland and was named Alumnus of the Year for 2005. |
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Liveris serves on the board of directors of [[IBM]] and is a member of the executive committee of the [[Business Roundtable]]. Liveris is also a former president of the [[International Council of Chemical Associations]].<ref name="American Chemistry Council">{{cite web|last1=Pieper|first1=James|last2=Heumann|first2=Jenny|title=BASF's Kurt Bock to Lead Global Chemical Industry Association; Dow's Andrew Liveris Completes Successful Two-Year Presidency|url=http://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/BASFs-Kurt-Bock-to-Lead-Global-Chemical-Industry-Association-Dows-Andrew-Liveris-Completes-Succes.html|website=American Chemistry Council|publisher=American Chemistry Council|accessdate=12 November 2015}}</ref> He served as Vice-Chairman of [[The Business Council]] for 2011 and 2012, and as its chairman in 2013 and 2014.<ref name=mLive>{{cite web|last1=Lynch-Morin|first1=Kathryn|title=Dow Chemical CEO Andrew Liveris named chair of The Business Council|url=http://www.mlive.com/business/mid-michigan/index.ssf/2012/10/dow_chemicals_andrew_liveris_n.html|website=mLive|publisher=mLive|accessdate=12 November 2015}}</ref><ref name="Washington Post">{{cite web|last1=Harrison|first1=J.D.|title=Amazon’s Jeff Bezos appointed chairman of Washington-based Business Council|url=https://www.washingtonpost.com/business/on-small-business/amazons-jeff-bezos-appointed-chairman-of-washington-based-business-council/2014/10/20/14a59828-5635-11e4-809b-8cc0a295c773_story.html|website=Washington Post|publisher=Washington Post|accessdate=12 November 2015}}</ref> He is a member of the [[President's Export Council]],<ref name="International Trade Administration">{{cite web|title=PRESIDENT'S EXPORT COUNCIL MEMBERS|url=http://trade.gov/pec/members.asp|website=International Trade Administration|publisher=International Trade Administration|accessdate=12 November 2015}}</ref> and a member of the executive committee of the [[Business Roundtable]], and the American Australian Association.<ref name="Financial Times">{{cite web|last1=McCrum|first1=Dan|title=Catalysing the Liveris function at Dow Chemical|url=http://ftalphaville.ft.com/2013/11/06/1687142/catalysing-the-liveris-function-at-dow-chemical/|website=Financial Times|publisher=Financial Times|accessdate=12 November 2015}}</ref><ref name="USC News">{{cite web|last1=Ballon|first1=Marc|title=Viterbi Awards honor engineering excellence|url=https://news.usc.edu/80156/viterbi-awards-honor-engineering-excellence/|website=USC News|publisher=USC News|accessdate=12 November 2015}}</ref> |
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* In 2007, Liveris received the Premier of Queensland's Expatriate Achievement Award at the [[Queensland Expatriate Awards]] at the [[Rainbow Room]] in New York. |
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* In August 2009, Liveris was personally thanked by the two American journalists who were imprisoned in North Korea. He provided former President [[Bill Clinton]] with the transportation for the Americans. |
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Andrew Liveris, together with [[Rafael Reif]], President of the [[Massachusetts Institute of Technology]], chaired the Advanced Manufacturing Steering Committee 2.0 with the goal to "revitalize" the U.S. manufacturing sector.<ref name="WH 2.0" /><ref name="WH fact sheet" /> |
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* 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.<ref>{{cite news|url=http://www.forbes.com/2010/04/28/dow-chemical-manufacturing-markets-equities-materials.html|title=Dow Chemical's Growth Solution | work=Forbes | first=Carl|last=Gutierrez|date=28 April 2010}}</ref><ref>{{cite web|url=http://cenblog.org/the-chemical-notebook/2010/06/dow%E2%80%99s-liveris-calls-for-manufacturing-renewal/|title=Dow's Liveris Calls For Manufacturing Renewal}}</ref> |
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* In 2011, Liveris received the George E. Davis medal from the Institution of Chemical Engineers (IChemE). The Davis medal is awarded to an eminent individual who has rendered service to chemical engineering, and is named after the founding father of the profession. It is given not more frequently than every three years.<ref>[http://www.icheme.org/media_centre/news/2013/liveris%20to%20give%20davis%20lecture.aspx#.UVvYWKKzeSo Liveris to give Davis Lecture]</ref> |
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Liveris has collaborated with [[Muhtar Kent]], Chairman and CEO of [[The Coca-Cola Company]], [[George David]], Chairman of the [[Coca-Cola HBC AG|Coca-Cola Hellenic Bottling Company]], and [[George Stamas]], Partner at [[Kirkland & Ellis]], to found The Hellenic Initiative (THI), a [[non-profit]], [[non-governmental organisation]], that aims to encourage entrepreneurship and job-creating investments in Greece.<ref name="Reuters investigates">{{cite web|last1=Schneyer|first1=Joshua|last2=Grow|first2=Brian|title=Dow’s top auditor challenged CEO on spending for years, new documents show|url=http://www.reuters.com/investigates/special-report/dow/|website=Reuters|publisher=Reuters|accessdate=12 November 2015}}</ref> As of 2015, he serves as chairman of its board.<ref name="Reuters investigates" /> He is on the board of trustees for the [[United States Council for International Business]] and is a Trustee of the [[California Institute of Technology]].<ref name="Financial Times" /><ref name="The Australian" /> Liveris is a member of the Business Advisory Board for the [[University of Technology Sydney]] (UTS) Business School, and in April 2012 he became a member of the [[Special Olympics]] International board of directors, a position he no longer holds.<ref name="UTS Newsroom">{{cite web|last1=Griffiths|first1=Jim|title=Australia needs a management skills upgrade|url=http://newsroom.uts.edu.au/news/2012/04/australia-needs-a-management-skills-upgrade|website=UTS Newsroom|publisher=UTS Newsroom|accessdate=12 November 2015}}</ref><ref name="Special Olympics">{{cite web|last1=Hughes|first1=Kristin|title=Special Olympics Announces Additions to International Board of Directors|url=http://www.specialolympics.org/Press/2012/April_2012_Board_of_Directors_Meeting.aspx|website=Special Olympics|publisher=Special Olympics|accessdate=12 November 2015}}</ref><ref name="Special Olympics board">{{cite web|title=Our Board of Directors|url=http://specialolympics.org/Sections/Who_We_Are/Board_of_Directors_Bio.aspx|website=Special Olympics|publisher=Special Olympics|accessdate=24 November 2015}}</ref> |
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* In the fall of 2011, Liveris was honoured with the 2011 Distinguished Performance Award for Excellence in Public Policy<ref>[http://www.ced.org/annual-dinner/2011-annual-dinner/distinquished-performance-awards-dinner International Leadership Award Presented to Andrew Liveris]</ref> from the Committee for Economic Development and the 2011 International Leadership Award<ref>[http://www.dow.com/about/insights/multimedia/20111116a.htm 2011 Distinguished Performance Awards Dinner]</ref> from the United States Council for International Business (USCIB), 2011 Legend in Leadership<ref>[http://mba.yale.edu/news_events/CMS/Articles/7515.shtml Yale Chief Executive Leadership Institute to Honor The Dow Chemical Company chairman and CEO Andrew Liveris with Yale Legend in Leadership Award]</ref> by the Yale Chief Executive Leadership Institute, and named Platts Global Energy Awards CEO of the year.<ref>[http://www.platts.com/PressReleases/2011/120111 Brazil's Petrobras wins "Company" and "Producer of the Year" Honors at Platts Global Energy Awards as "CEO" Goes to Dow Chemical's Liveris]</ref> |
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* In February 2012, Liveris received the Archbishop Iakovos Leadership 100 Award for Excellence.<ref>[http://www.l100.org/Default.aspx?tabid=333 Leadership 100]</ref> |
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* In March 2012, Liveris 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 renowned scholars.<ref>[http://www.cdrf.org.cn/plus/list.php?tid=73 China Development Forum]</ref><ref>[http://www.dow.com/news/corporate/2012/20120318a.htm Liveris Presides over China Development Forum as 2012 Co-Chair, Delivers Opening Remarks]</ref> |
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* In March 2012, Liveris was awarded the Aristeio Award in Business by the American Hellenic Council at an event in Los Angeles, CA.<ref>[http://www.americanhellenic.org/press/2012-04-06_ahc_awards_gala_pr.php The American Hellenic Council honored Andrew Liveris, Rep. Shelley Berkley and Phedon Papamichael in 2012 Annual Awards Gala on 31 March in Los Angeles]</ref> |
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* In June 2012, Liveris was honoured with the [[Inspired leadership award]] presented by The Performance Theatre at their annual gathering in the London Film Museum, London, UK.<ref>[http://www.dow.com/news/all-news/article/?id=/company-news/andrew-liveris-presented-inspired-leadership-award-performance-theatre Andrew Liveris Presented Inspired Leadership Award from the Performance Theatre]</ref><ref>[http://www.theperformancetheatre.com/uncategorized/dow-ceo-presented-with-2012-inspired-leadership-award/ Dow CEO presented with 2012 Inspired Leadership Award]</ref> |
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* In August 2012, Liveris was named by the Australian Financial Review to the BOSS list of True Leaders.<ref>[http://www.afr.com/p/boss/true_leaders_asia_and_beyond_pp1kXGNlmr0fdZwV8RIKoL True Leaders | Asia and beyond]</ref> |
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* In October 2012, Liveris was awarded the 2013 International Palladium Medal of the Société de Chimie Industrielle.<ref>[http://www.dow.com/news/all-news/article/?id=/company-news/andrew-liveris-chairman-and-ceo-dow-chemical-company-be-awarded-2013-inte Andrew Liveris, Chairman and CEO of The Dow Chemical Company, to be Awarded the 2013 International Palladium Medal]</ref> |
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* In March 2013, Liveris was awarded the 2013 Chemical Industry Medal by the Society of Chemical Industry (SCI) at an event in New York.<ref> |
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[http://www.soci.org/News/Awards-CIM-Liveris.aspx Andrew Liveris awarded Chemical Industry Medal]</ref> |
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* In May 2013, Liveris was honoured with the Eisenhower Award by Business Executives for National Security (BENS) at a ceremony in Washington, DC.<ref>[http://www.bens.org/document.doc?id=211 BENS to Honor Gen. Raymond T. Odierno, USA and Andrew N. Liveris, Chairman, President & CEO, Dow Chemical with Eisenhower Award]</ref> |
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* In January 2014, Liveris was appointed Officer of the [[Order of Australia]] for services to international business.<ref>[http://www.theaustralian.com.au/in-depth/australia-day/dows-andrew-liveris-awarded-ao-for-services-to-international-business/story-fnl4gv3e-1226810340056# Dow's Andrew Liveris awarded AO for services to international business.]</ref> |
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* In December 2014, Liveris will receive the Chemical Marketing & Economics Group Lifetime Achievement Award. |
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==Personal== |
==Personal== |
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Liveris and his wife, Paula, from [[Broken Hill]], currently reside in [[Midland, MI]] and have three adult children.<ref name="Midland Daily News stand">{{cite web|last1=Liveris|first1=Andrew N.|title=Liveris: Dow, Midland stand together|url=http://www.ourmidland.com/opinion/editorials/liveris-dow-midland-stand-together/article_3caf02f4-0a2a-512d-a40d-2c47e7b136da.html|website=Midland Daily News|publisher=Midland Daily News|accessdate=12 November 2015}}</ref><ref name="The Australian" /> They also own property in [[Sydney]].<ref name="The Australian" /> In 1980, his uncle "Les" Liveris, was awarded an Order of Australia, "for public service and service to the community".<ref name="The Australian" /> |
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Liveris and his wife, Paula, currently reside in [[Midland, Michigan]] and have three adult children. |
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In 2005 he was awarded an [[honorary doctorate]] in science by his [[alma mater]] as well as being named Alumnus of the Year. He was appointed Inaugural Chair to The University of Queensland in America Foundation in 2011.<ref name="Greek Reporter">{{cite web|title=Dow Chemical CEO Andrew Liveris Hopeful for Greece|url=http://usa.greekreporter.com/2012/02/15/dow-chemical-ceo-andrew-liveris-hopeful-for-greece/|website=Greek Reporter|publisher=Greek Reporter|accessdate=12 November 2015}}</ref> |
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==Controversy== |
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Concerns have been 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 a safari, vacations, a party for his son's friends, trips to [[Super Bowl|Super Bowls]], dog grooming, and other services. The Liveris family subsequently repaid hundreds of thousands of dollars to Dow while the head of the auditing department retracted the annual auditing reports for multiple years due to concerns for inaccurate reporting to SEC and shareholders.<ref name=Schneyer>{{cite news|last1=Schneyer|first1=Joshua|last2=Grow|first2=Brian|title=Dow Chemical's Australian CEO Andrew Liveris challenged on spending for years, documents show|url=http://www.smh.com.au/business/dow-chemicals-australian-ceo-andrew-liveris-challenged-on-spending-for-years-documents-show-20150507-ggvvir.html|accessdate=19 October 2015|work=The Sidney Morning Herald|date=May 7, 2015}}</ref> |
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On March 2011, the press reported that in an internal audit, Dow discovered their customer events department miscategorized Liveris' expenses from 2007 to 2011. ''[[The Wall Street Journal]]'' reported the department had not billed Liveris for some expenditures. According to a September 2015 ''[[Reuters]]'' investigative report, "Dow internal watchdogs had a months-long standoff with the CEO over his expenses."<ref name="Reuters bowl">{{cite web|last1=Schneyer|first1=Joshua|last2=Grow|first2=Brian|title=Super Bowls and fine wine: Newly released documents offer peek into world of Dow CEO|url=http://www.reuters.com/investigates/special-report/dowchemical-expenses/|website=Reuters|publisher=Reuters|accessdate=12 November 2015}}</ref> The expense matter in question was discovered during a routine [[internal audit]] that was part of Dow’s standard process, and led to a full internal and ultimately external investigation. As a result of the investigations, several shortcomings in record-keeping and processing were identified. Upon discovering the issue, Liveris repaid the Company $719,923. The matter was publicly disclosed through Dow’s 2011 [[Proxy statement|Proxy filing]].<ref name=Schneyer>{{cite news|last1=Schneyer|first1=Joshua|last2=Grow|first2=Brian|title=Dow Chemical's Australian CEO Andrew Liveris challenged on spending for years, documents show|url=http://www.smh.com.au/business/dow-chemicals-australian-ceo-andrew-liveris-challenged-on-spending-for-years-documents-show-20150507-ggvvir.html|accessdate=19 October 2015|work=The Sidney Morning Herald|date=May 7, 2015}}</ref><ref name="Wall Street Journal defends">{{cite web|last1=Sider|first1=Alison|title=Dow Chemical Defends Chief Executive Over Spending|url=http://www.wsj.com/articles/dow-chemical-defends-chief-executive-over-spending-1430955677|website=Wall Street Journal|publisher=Wall Street Journal|accessdate=7 December 2015}}</ref><ref name="Sydney Morning Herald guy">{{cite web|last1=Kruger|first1=Colin|title=And we thought Dow Chemical's Andrew Liveris was just a plastics guy|url=http://www.smh.com.au/business/cbd/and-we-thought-dow-chemicals-andrew-liveris-was-just-a-plastics-guy-20150416-1mm5uk.html|website=Sydney Morning Herald|publisher=Sydney Morning Herald|accessdate=7 December 2015}}</ref> |
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==Awards and recognition== |
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* In 2005, Liveris received an honorary doctorate from his alma mater, the University of Queensland and was named Alumnus of the Year for 2005.<ref name=UQ>{{cite web|title=Andrew Liveris - EAIT|url=https://www.eait.uq.edu.au/andrew-liveris|website=The Faculty of Engineering, Architecture and Information Technology|publisher=University of Queensland|accessdate=12 November 2015}}</ref> |
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* In 2007, Liveris received the Premier of Queensland's Expatriate Achievement Award at the [[Queensland Expatriate Awards]] at the [[Rainbow Room]] in New York.<ref name="Australian Consulate-General - New York">{{cite web|title=Queenslanders Honoured in New York|url=http://newyork.usa.embassy.gov.au/nycg/Biz4SU07.html|website=Australian Consulate-General - New York|publisher=Australian Consulate-General - New York|accessdate=12 November 2015}}</ref> |
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* In August 2009, Liveris was personally thanked by the two American journalists who were imprisoned in North Korea. He provided former President [[Bill Clinton]] with the transportation for the Americans.<ref name="National Review">{{cite web|last1=BORDELON|first1=BRENDAN|title=The Largest Loan in Ex-Im History Is Covered in the Clintons’ Fingerprints|url=http://www.nationalreview.com/article/421081/hillary-clinton-ex-im-5-billion-loan-saudis-dow-chemical|website=National Review|publisher=National Review|accessdate=12 November 2015}}</ref> |
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* In 2011, Liveris received the [[George E. Davis Medal]] from the [[Institution of Chemical Engineers]] (IChemE). The Davis medal is awarded to an eminent individual who has rendered service to chemical engineering, and is named after the founding father of the profession. It is given not more frequently than every three years.<ref name=ichme>{{cite web|last1=Jones|first1=Gemma|title=Liveris to give Davis Lecture|url=http://www.icheme.org/media_centre/news/2013/liveris%20to%20give%20davis%20lecture.aspx#.VkTo83Yve01|website=ichme|publisher=ichme|accessdate=12 November 2015}}</ref> |
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* In the fall of 2011, Liveris was presented with the 2011 Distinguished Performance Award for Excellence in Public Policy from the [[Committee for Economic Development]], the 2011 International Leadership Award from the [[United States Council for International Business]], the Legend in Leadership Award by the Yale Chief Executive Leadership Institute, and named Platts Global Energy Awards CEO of the year.<ref name=CED>{{cite web|title=Distinguished Performance Award for Excellence in Public Policy|url=https://www.ced.org/pdf/2011_Andrew_N_Liveris.pdf|website=CED.org|publisher=CED|accessdate=12 November 2015}}</ref><ref name=UCIB>{{cite web|title=Dow’s Liveris to Receive Global Business Group’s Top Award|url=http://www.uscib.org/dows-liveris-to-receive-global-business-groups-top-award-ud-4173/|website=UCIB.org|publisher=UCIB|accessdate=12 November 2015}}</ref><ref name="Yale SOM">{{cite web|last1=Anastasio|first1=Renée|title=Yale Chief Executive Leadership Institute to Honor The Dow Chemical Company Chairman and CEO Andrew Liveris with Yale Legend in Leadership Award|url=http://som.yale.edu/news/news/yale-chief-executive-leadership-institute-honor-dow-chemical-company-chairman-and-ceo|website=Yale SOM|publisher=Yale SOM|accessdate=12 November 2015}}</ref><ref name=Platts>{{cite web|title=BRAZIL'S PETROBRAS WINS PLATTS ENERGY COMPANY OF THE YEAR AWARD|url=http://www.platts.com/latest-news/natural-gas/singapore/brazils-petrobras-wins-platts-energy-company-8655899|website=Platts|publisher=Platts|accessdate=12 November 2015}}</ref> |
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* In February 2012, Liveris received the Archbishop Iakovos Leadership 100 Award for Excellence.<ref name="Leadership 100">{{cite web|title=Archbishop Iakovos Leadership 100 Award for Excellence|url=http://www.l100.org/Default.aspx?tabid=333|website=Leadership 100|publisher=Leadership 100|accessdate=24 November 2015}}</ref> |
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* In March 2012, Liveris served as foreign co-chair at the China Development Forum in Beijing.<ref name="Midland Daily News">{{cite web|last1=Lascari|first1=Tony|title=Industrial Spotlight: Liveris speaks at 2012 China Development Forum|url=http://www.ourmidland.com/business/industrial-spotlight-liveris-speaks-at-china-development-forum/article_c87e6efc-b04d-5fd1-a9f9-5a1231e7eda2.html|website=Midland Daily News|publisher=Midland Daily News|accessdate=12 November 2015}}</ref> |
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* In March 2012, Liveris was awarded the Aristeio Award in Business by the American Hellenic Council.<ref name="Greek Reporter">{{cite web|title=American Hellenic Council to Honor Dow CEO Andrew N. Liveris|url=http://usa.greekreporter.com/2012/03/19/american-hellenic-council-to-honor-dow-ceo-andrew-n-liveris/|website=Greek Reporter|publisher=Greek Reporter|accessdate=12 November 2015}}</ref> |
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* In June 2012, Liveris was bestowed with the [[Inspired leadership award]] presented by The Performance Theatre at their annual gathering in the [[London Film Museum]].<ref name="Sustainable Brands">{{cite web|last1=Kauffman|first1=Caitlin|title=This Year's Inspired Leadership Award Highlighting the New 'Breed of Leadership Business Needs'|url=http://www.sustainablebrands.com/news_and_views/startups/caitlin_kauffman/years_inspired_leadership_award_highlighting_new_breed_lead|website=Sustainable Brands|publisher=Sustainable Brands|accessdate=12 November 2015}}</ref> |
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* In August 2012, Liveris was named by the Australian ''[[Financial Review]]'' to the BOSS list of True Leaders.<ref name=UQ /> |
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* In October 2012, Liveris was awarded the 2013 International Palladium Medal of the [[:fr:Société de chimie industrielle|Société de Chimie Industrielle]].<ref name="Société de Chimie Industrielle">{{cite web|title=International Palladium Medal|url=http://www.societe.org/content.aspx?page_id=22&club_id=11039&module_id=175621|website=Société de Chimie Industrielle|publisher=Société de Chimie Industrielle|accessdate=12 November 2015}}</ref> |
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* In March 2013, Liveris was awarded the 2013 Chemical Industry Medal by the [[Society of Chemical Industry]].<ref name=mLive2>{{cite web|last1=Lynch-Morin|first1=Kathryn|title=Dow's Andrew Liveris awarded Chemical Industry Medal|url=http://www.mlive.com/business/mid-michigan/index.ssf/2013/03/dows_andrew_liveris_awarded_ch.html|website=mLive|publisher=mLive|accessdate=12 November 2015}}</ref> |
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* In May 2013, Liveris was honoured with the Eisenhower Award by [[Business Executives for National Security]],<ref name=BENS>{{cite web|title=BENS to Honor Gen. Raymond T. Odierno, USA and Andrew N. Liveris, Chairman, President & CEO, Dow Chemical with Eisenhower Award|url=http://www.bens.org/document.doc?id=211|website=BENS.org|publisher=BENS|accessdate=12 November 2015}}</ref> and the Vanguard Award from the Chemical Education Foundation.<ref name=STEMblog>{{cite web|last1=Cornelis|first1=Tommy|title=Today's CEO Leader in STEM: Andrew N Liveris of Dow Chemical|url=http://blog.stemconnector.org/todays-ceo-leader-stem-andrew-n-liveris-dow-chemical|website=STEMblog|publisher=STEMblog|accessdate=24 November 2015}}</ref> |
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* In January 2014, Liveris was appointed Officer of the [[Order of Australia]] for "services to international business".<ref name="Australian Financial Review">{{cite web|last1=Glasgow|first1=Will|title=Let's knight Dow Chemical boss Andrew Liveris for his services to Grange|url=http://www.afr.com/brand/rear-window/liveris-20150923-gjt97w|website=Australian Financial Review|publisher=Australian Financial Review|accessdate=12 November 2015}}</ref> |
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* In 2015, Liveris received an honorary doctorate from [[Michigan State University]].<ref name=MSU>{{cite web|last1=Parker|first1=Kristen|title=Honorary Degrees and Commencement Speakers Announced|url=http://research.msu.edu/honorary-degrees-and-commencement-speakers-announced/|website=Research at Michigan State UniversityResearch at Michigan State University|publisher=MSU Today|accessdate=12 November 2015}}</ref> |
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* Liveris received the 2015 ICIS Kavaler Award, having been listes as #1 "Power Player" in the global chemical market four times (2010, 2012, 2013 and 2015) by the ICIS ''Chemical Business'' magazine.<ref name="Midland Daily News ICIS">{{cite web|title=Dow Chemical's Liveris honored with ICIS Kavaler Award for industry achievement|url=http://www.ourmidland.com/news/dow-chemical-s-liveris-honored-with-icis-kavaler-award-for/article_ddb967b0-825f-11e5-9e8a-f3a051682667.html|website=Midland Daily News|publisher=Midland Daily News|accessdate=24 November 2015}}</ref><ref name="mLive power">{{cite web|last1=Setter|first1=Holly|title=Andrew N. Liveris named top 'Power Player' by ICIS Chemical Business magazine|url=http://www.mlive.com/business/mid-michigan/index.ssf/2010/12/andrew_n_liveris_named_top_pow.html|website=mLive|publisher=mLive|accessdate=24 November 2015}}</ref><ref name=ICIS>{{cite web|last1=Chang|first1=Joseph|title=ICIS Top 40 Power Players ranking for 2013 revealed|url=http://www.icis.com/press-releases/icis-top-40-power-players-ranking-for-2013-revealed/|website=ICIS|publisher=ICIS|accessdate=24 November 2015}}</ref><ref name="ICIS 2015">{{cite web|last1=Chang|first1=Joseph|title=ICIS Top 40 Power Players for 2015 unveiled|url=http://www.icis.com/press-releases/icis-top-40-power-players-for-2015-unveiled/|website=ICIS|publisher=ICIS|accessdate=6 January 2016}}</ref> |
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* Liveris was listed in the ''[[Financial Times]]''{{'}} Top 30 Executive Allies.<ref name="Financial Times allies">{{cite web|title=Top straight allies reach billions as they champion LGBT rights|url=http://www.ft.com/cms/s/0/ad09c14e-70dc-11e5-9b9e-690fdae72044.html|website=Financial Times|publisher=Financial Times|accessdate=12 November 2015}}</ref> |
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==References== |
==References== |
||
{{Reflist}} |
{{Reflist|2}} |
||
==External links== |
==External links== |
||
* [http://www.dow.com/ |
* [http://www.dow.com/en-us/investor-relations/corporate-governance/leadership/andrew-n-liveris Biography from Dow] |
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* [http://video.cnbc.com/gallery/?video=3000436608&__source=msn|money|headline|headline|video|&par=msn Cramer's Mad Dash: DOW] |
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* {{C-SPAN|andrewliveris}}===Selected publications=== |
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* [http://www.bloomberg.com/news/videos/2015-10-22/dow-chemical-is-a-cash-flow-machine-ceo-andrew-liveris ''Dow Chemical Is a Cash Flow Machine: CEO Andrew Liveris''] |
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* [http://www.usatoday.com/money/companies/management/2008-08-17-dow-chemical-advice_N.htm August 2008 USA Today Q&A with CEO Liveris] |
* [http://www.usatoday.com/money/companies/management/2008-08-17-dow-chemical-advice_N.htm August 2008 USA Today Q&A with CEO Liveris] |
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* [http://thehill.com/blogs/congress-blog/economy-budget/248365-the-real-beneficiaries-of-an-export-import-bank-shutdown ''The real beneficiaries of an Export-Import Bank shutdown''] |
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* [http://online.wsj.com/article/SB10001424052748703398504576100301867568600.html Article] at WSJ.com |
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* [http://video.foxbusiness.com/v/4328753052001/dow-chemical-ceo-on-greek-crisis-fast-track-trade-deal/?#sp=show-clips "Dow Chemical CEO on Greek crisis, fast-track trade deal"] |
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* {{C-SPAN|andrewliveris}} |
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{{IBM}} |
{{IBM}} |
Revision as of 19:28, 20 January 2016
Andrew N. Liveris | |
---|---|
Citizenship | Australia and United States |
Alma mater | University of Queensland |
Occupation(s) | Chairman and CEO, The Dow Chemical Company |
Predecessor | William S. Stavropoulos |
Spouse | Paula Liveris |
Andrew N. Liveris (born 5 May 1954) is President, Chairman and Chief Executive Officer of The Dow Chemical Company.[1] 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 succeeded William S. Stavropoulos as CEO in 2004, after holding the position of chief operating officer. Liveris also served as Co-Chair of President Obama's Advanced Manufacturing Partnership in the United States.[2] In January 2014, Liveris was appointed Officer of the Order of Australia for "services to international business". He also received two honorary doctorates, from The University of Queensland and Michigan State University.
Early life
Liveris was born to a Greek migrant family in Darwin, Australia. His family came to Darwin on a trading ship in 1915. He attended Darwin High School until 1974 when Darwin was hit by Cyclone Tracy, and his family's construction business was destroyed. His father died when he was 15 years of age, and his uncle took over his family.[3]
Education
Liveris then moved to Brisbane where he continued his education at Brisbane State High School.[4][5]
Liveris holds a bachelor's degree (first-class-honors) in Chemical Engineering from the University of Queensland (UQ).[4] Noted UQ professor, Don Nicklin, initially encouraged him to look for work in American companies.[3]
Career
Liveris' Dow career began in 1976 in Melbourne, Australia, as a recent university graduate. After several promotions, he helped run an Asia-Pacific business out of Hong Kong and eventually became General Manager of Dow's Thailand operations.[6] In 1992, after another promotion, Liveris relocated to the US, where he remained except for a three year stint as President of Dow Chemical Pacific.[7][8][9] In 2002, Dow's board considered him and a few other candidates as future postulants for CEO.[3]
Dow
Liveris, appointed CEO in 2004 after the board of directors unanimously selected him, undertook a review of Dow's strategy.[3] As a consequence, he called for Dow to reinforce its customised chemicals, plastics and advanced materials businesses (including electronics and agricultural products such as genetically improved seeds). The plan he proposed also called for reducing Dow's exposure to commodity chemicals and plastics. 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. The formation of joint ventures had the benefit of assuring a low cost supply of feedstocks for the customer-facing portion of Dow's business.[10] Dow has fully exited from some basic chemicals and plastic businesses (as with the sale of Styron and its polypropylene and chlorine businesses).[11][12]
Liveris' largest move in this direction came with the purchase of Rohm and Haas, finalised in April 2009.[13] This Fortune 500 company, a leader in specialty chemicals, was the subject of a global auction, which Dow won with a bid of $16.2 billion. The acquisition allowed a broader presentation to clients with regard to value-added chemicals, plastics and materials, but was beneficial to Dow also in terms of costs.[14][15]
The acquisition closed soon after the Financial crisis of 2007–08 took hold. The crisis caused one of Dow's joint venture partners, Petrochemical Industries Company of the State of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation, to withdraw from a planned partnership in basic plastics. This translated into a $9 billion loss in proceeds designated to fund the Rohm and Haas deal. The London-based International Court of Arbitration ruled in March 2012 to award Dow $2.16 Billion plus costs and interest from Kuwait due to its cancellation of the 2008 agreement.[16]
In March 2009, Liveris and his management team organised a plan to implement the Rohm and Haas integration, reducing 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.[17] On February 12, 2009, the company declared a decrease in dividend of about 60% compared to the previous quarter. It represented the first time the company had diminished its investor payout.[18][19]
In 2011, Dow and Saudi Arabian Oil Company (Saudi Aramco) developed the joint venture, Sadara Chemical Company, worth $20 billion.[20] This project will require a tenfold increase in Dow's Middle East regional storage and handling requirements.[21] Sadara Chemical Company began production in 2015.[22]
In the fourth quarter of 2014, relying on cheap oil and natural-gas derivatives (in part due to the U.S. "fracking boom"), Dow announced the creation of new operating segments, and is significantly expanding its operations in Texas and Louisiana, investing $6 billion in its U.S. Gulf Coast plants. Dow stated it would boost its end-market orientation and increase its commitment to ethylene and propylene.[23] Its manufacturing facilities in the United States would be enlarged by 40 percent, according to Forbes.[11][24] Among the investments stipulated are the restart of a hydrocarbons cracker in St. Charles, Louisiana, a propylene dehydrogenation facility in Freeport, Texas (which sarted operations as of December 2015),[25] expansion of hydrocarbon cracking capabilities in Plaquemine, Louisiana and a new cracker in Freeport Texas – as well as derivatives that serve the packaging, food safety, consumer durables, and automotive industries, with the company stating other units could become available in the future.[11][26][27][24]
On March 27, 2015, Dow and Olin Corporation announced a move under which Dow would separate a portion of its chlorine business and merge that new entity with Olin, with the new business having estimated revenues of $7 billion.[28] Upon completion of the transaction, Olin became the largest chlorine producer in the world.[29] About the exchange, Liveris stated to the Wall Street Journal: "Our drive is to get better, not bigger".[30] Dow is, as of 2015, focusing resources on specialty chemicals that earn margins of at least 20%.[31][29][3]
On December 11, 2015, Dow and Dupont announced they planned to combine in an all-stock merger of equals.[32] The combined company will be named DowDuPont. The company then intends to subsequently pursue a separation of DowDuPont into three independent, publicly traded companies.[33] The three companies would include an agriculture company, a material science company, and a specialty products company. In an interview with CNBC reporter David Faber, Liveris said the merger was the culmination of more than 10 years of work to bring the two companies together.[34] At the same time, Dow announced that it would become the 100% owner of Dow Corning Corporation, a 50:50 joint venture between Dow and Corning.[32]
Make it in America
Liveris is the author of Make It in America: The Case for Re-Inventing The Economy, a book released in January 2011, based on Dow's vision for an 'Advanced Manufacturing Plan' announced in June 2010.[35][36] It is divided into eight chapters and is 240 pages long.[37] The book,[38] published by John Wiley & Sons, was named No. 9 on the Inc./800-CEO-READ best-seller list for 2011.[39]
His first book, updated in paperback in January 2012, received wide publicity in the business world.[40][41] The Financial Times called it a "widely praised polemic".[42] According to the Wall Street Journal, in the book Liveris "calls for a national strategy to revive manufacturing", while proposing several reform ideas.[40]
The book argues that when US-based firms move their high-tech manufacturing processes overseas, the country loses skills needed for "whole groups of products", citing the Amazon Kindle as an example. Industries born in the US, such as highly advanced computer circuitry, are for this reason now existent only outside the country. Liveris, among other proposals to stimulate the industry, seeks an overhaul of the K-12 education system to include a greater focus on the sciences; and thinks the government should sign more free-trade agreements and implement a national strategy to encourage more manufacturing, a strategy including cutting taxes and making regulations more uniform in order to compete with other continents.[40] Manufacturing, he posits, "can create jobs, economic health and growth at a level such that the services industry will never be able to do".[43]
Board Memberships
Liveris serves on the board of directors of IBM and is a member of the executive committee of the Business Roundtable. Liveris is also a former president of the International Council of Chemical Associations.[44] He served as Vice-Chairman of The Business Council for 2011 and 2012, and as its chairman in 2013 and 2014.[45][46] He is a member of the President's Export Council,[47] and a member of the executive committee of the Business Roundtable, and the American Australian Association.[48][49]
Andrew Liveris, together with Rafael Reif, President of the Massachusetts Institute of Technology, chaired the Advanced Manufacturing Steering Committee 2.0 with the goal to "revitalize" the U.S. manufacturing sector.[35][36]
Liveris has 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 & Ellis, to found The Hellenic Initiative (THI), a non-profit, non-governmental organisation, that aims to encourage entrepreneurship and job-creating investments in Greece.[50] As of 2015, he serves as chairman of its board.[50] He is on the board of trustees for the United States Council for International Business and is a Trustee of the California Institute of Technology.[48][3] Liveris is a member of the Business Advisory Board for the University of Technology Sydney (UTS) Business School, and in April 2012 he became a member of the Special Olympics International board of directors, a position he no longer holds.[51][52][53]
Personal
Liveris and his wife, Paula, from Broken Hill, currently reside in Midland, MI and have three adult children.[54][3] They also own property in Sydney.[3] In 1980, his uncle "Les" Liveris, was awarded an Order of Australia, "for public service and service to the community".[3]
In 2005 he was awarded an honorary doctorate in science by his alma mater as well as being named Alumnus of the Year. He was appointed Inaugural Chair to The University of Queensland in America Foundation in 2011.[55]
On March 2011, the press reported that in an internal audit, Dow discovered their customer events department miscategorized Liveris' expenses from 2007 to 2011. The Wall Street Journal reported the department had not billed Liveris for some expenditures. According to a September 2015 Reuters investigative report, "Dow internal watchdogs had a months-long standoff with the CEO over his expenses."[56] The expense matter in question was discovered during a routine internal audit that was part of Dow’s standard process, and led to a full internal and ultimately external investigation. As a result of the investigations, several shortcomings in record-keeping and processing were identified. Upon discovering the issue, Liveris repaid the Company $719,923. The matter was publicly disclosed through Dow’s 2011 Proxy filing.[57][58][59]
Awards and recognition
- In 2005, Liveris received an honorary doctorate from his alma mater, the University of Queensland and was named Alumnus of the Year for 2005.[60]
- In 2007, Liveris received the Premier of Queensland's Expatriate Achievement Award at the Queensland Expatriate Awards at the Rainbow Room in New York.[61]
- In August 2009, Liveris was personally thanked by the two American journalists who were imprisoned in North Korea. He provided former President Bill Clinton with the transportation for the Americans.[62]
- In 2011, Liveris received the George E. Davis Medal from the Institution of Chemical Engineers (IChemE). The Davis medal is awarded to an eminent individual who has rendered service to chemical engineering, and is named after the founding father of the profession. It is given not more frequently than every three years.[63]
- In the fall of 2011, Liveris was presented with the 2011 Distinguished Performance Award for Excellence in Public Policy from the Committee for Economic Development, the 2011 International Leadership Award from the United States Council for International Business, the Legend in Leadership Award by the Yale Chief Executive Leadership Institute, and named Platts Global Energy Awards CEO of the year.[64][65][66][67]
- In February 2012, Liveris received the Archbishop Iakovos Leadership 100 Award for Excellence.[68]
- In March 2012, Liveris served as foreign co-chair at the China Development Forum in Beijing.[69]
- In March 2012, Liveris was awarded the Aristeio Award in Business by the American Hellenic Council.[55]
- In June 2012, Liveris was bestowed with the Inspired leadership award presented by The Performance Theatre at their annual gathering in the London Film Museum.[70]
- In August 2012, Liveris was named by the Australian Financial Review to the BOSS list of True Leaders.[60]
- In October 2012, Liveris was awarded the 2013 International Palladium Medal of the Société de Chimie Industrielle.[71]
- In March 2013, Liveris was awarded the 2013 Chemical Industry Medal by the Society of Chemical Industry.[72]
- In May 2013, Liveris was honoured with the Eisenhower Award by Business Executives for National Security,[73] and the Vanguard Award from the Chemical Education Foundation.[74]
- In January 2014, Liveris was appointed Officer of the Order of Australia for "services to international business".[75]
- In 2015, Liveris received an honorary doctorate from Michigan State University.[76]
- Liveris received the 2015 ICIS Kavaler Award, having been listes as #1 "Power Player" in the global chemical market four times (2010, 2012, 2013 and 2015) by the ICIS Chemical Business magazine.[77][78][79][80]
- Liveris was listed in the Financial Times' Top 30 Executive Allies.[81]
References
- ^ "Andrew Liveris: Executive Profile & Biography – Businessweek". investing.businessweek.com. Retrieved 19 July 2012.
- ^ "President Obama Launches Advanced Manufacturing Partnership Steering Committee "2.0"". The White House. The White House. Retrieved 12 November 2015.
- ^ a b c d e f g h i White, Andrew. "Andrew Liveris is the accidental CEO - of Dow Chemical". The Australian. The Australian. Retrieved 12 November 2015.
- ^ a b "#165 Andrew N Liveris – Forbes.com". forbes.com. Retrieved 19 July 2012.
- ^ Malley, Alex. "Andrew Liveris: Feature Interview". The Bottom Line. The Bottom Line. Retrieved 13 November 2015.
- ^ Dun & Bradstreet Reference Book of Corporate Managements. Dun & Bradstreet, Incorporated. 2008.
- ^ Chemical Engineering. McGraw-Hill Publishing Company. 2007.
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- ^ Bertie Charles Forbes (July 2008). Forbes. Forbes Incorporated.
- ^ a b c Fisher, Daniel. "Shale Gas And Buffett's Billions Fuel Turnaround At Dow Chemical". Forbes. Forbes. Retrieved 12 November 2015. Cite error: The named reference "Forbes" was defined multiple times with different content (see the help page).
- ^ Reisch, Marc S. (29 May 2006). "Liveris Tells It Like It Is". Chemical & Engineering News. 84 (22): 10–15.
{{cite journal}}
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- ^ Kruger, Colin. "And we thought Dow Chemical's Andrew Liveris was just a plastics guy". Sydney Morning Herald. Sydney Morning Herald. Retrieved 7 December 2015.
- ^ a b "Andrew Liveris - EAIT". The Faculty of Engineering, Architecture and Information Technology. University of Queensland. Retrieved 12 November 2015.
- ^ "Queenslanders Honoured in New York". Australian Consulate-General - New York. Australian Consulate-General - New York. Retrieved 12 November 2015.
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- ^ "Distinguished Performance Award for Excellence in Public Policy" (PDF). CED.org. CED. Retrieved 12 November 2015.
- ^ "Dow's Liveris to Receive Global Business Group's Top Award". UCIB.org. UCIB. Retrieved 12 November 2015.
- ^ Anastasio, Renée. "Yale Chief Executive Leadership Institute to Honor The Dow Chemical Company Chairman and CEO Andrew Liveris with Yale Legend in Leadership Award". Yale SOM. Yale SOM. Retrieved 12 November 2015.
- ^ "BRAZIL'S PETROBRAS WINS PLATTS ENERGY COMPANY OF THE YEAR AWARD". Platts. Platts. Retrieved 12 November 2015.
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- ^ Kauffman, Caitlin. "This Year's Inspired Leadership Award Highlighting the New 'Breed of Leadership Business Needs'". Sustainable Brands. Sustainable Brands. Retrieved 12 November 2015.
- ^ "International Palladium Medal". Société de Chimie Industrielle. Société de Chimie Industrielle. Retrieved 12 November 2015.
- ^ Lynch-Morin, Kathryn. "Dow's Andrew Liveris awarded Chemical Industry Medal". mLive. mLive. Retrieved 12 November 2015.
- ^ "BENS to Honor Gen. Raymond T. Odierno, USA and Andrew N. Liveris, Chairman, President & CEO, Dow Chemical with Eisenhower Award". BENS.org. BENS. Retrieved 12 November 2015.
- ^ Cornelis, Tommy. "Today's CEO Leader in STEM: Andrew N Liveris of Dow Chemical". STEMblog. STEMblog. Retrieved 24 November 2015.
- ^ Glasgow, Will. "Let's knight Dow Chemical boss Andrew Liveris for his services to Grange". Australian Financial Review. Australian Financial Review. Retrieved 12 November 2015.
- ^ Parker, Kristen. "Honorary Degrees and Commencement Speakers Announced". Research at Michigan State UniversityResearch at Michigan State University. MSU Today. Retrieved 12 November 2015.
- ^ "Dow Chemical's Liveris honored with ICIS Kavaler Award for industry achievement". Midland Daily News. Midland Daily News. Retrieved 24 November 2015.
- ^ Setter, Holly. "Andrew N. Liveris named top 'Power Player' by ICIS Chemical Business magazine". mLive. mLive. Retrieved 24 November 2015.
- ^ Chang, Joseph. "ICIS Top 40 Power Players ranking for 2013 revealed". ICIS. ICIS. Retrieved 24 November 2015.
- ^ Chang, Joseph. "ICIS Top 40 Power Players for 2015 unveiled". ICIS. ICIS. Retrieved 6 January 2016.
- ^ "Top straight allies reach billions as they champion LGBT rights". Financial Times. Financial Times. Retrieved 12 November 2015.
External links
- Biography from Dow
- Cramer's Mad Dash: DOW
- Appearances on C-SPAN===Selected publications===
- Dow Chemical Is a Cash Flow Machine: CEO Andrew Liveris
- August 2008 USA Today Q&A with CEO Liveris
- The real beneficiaries of an Export-Import Bank shutdown
- "Dow Chemical CEO on Greek crisis, fast-track trade deal"