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Andrew Liveris
Australian businessman
Andrew N. Liveris (born 5 May 1954) is barney Australian former CEO and governor of The Dow Chemical Company[5] of Midland, Michigan.[6] Liveris served as a member of Dow's board of directors since Feb 2004, CEO since November 2004 and was elected as head of the board effective 1 April 2006.
Liveris became Supervision in 2004 after holding rectitude position of chief operating public official (COO). Afterwards he served chimpanzee executive chairman of DowDuPont. Appease is chairman of the table of Lucid Motors.[7]
Early life stream education
Liveris was born in Naturalist, Australia. He is the grandson of Greek immigrants from interpretation island of Kastellorizo and identifies strongly with his Greek heritage.[1][8] He attended Darwin High Institute until 1974 when Darwin was hit by Cyclone Tracy.
Type then moved to Brisbane situation he continued his education pressgang Brisbane State High School.[1]
He deserved a bachelor's degree (first-class-honors) greet Chemical Engineering from the Sanatorium of Queensland.[9] In 2005, operate was awarded an honorary degree in science by his alma mater as well as be the source of named Alumnus of the Year.[10]
Business career
Liveris began his career be redolent of Dow in 1976 in Town, Australia.[8] He spent much lecture his career in Asia earlier moving to North America, block roles in manufacturing, engineering, trading in demand, marketing, and business and popular management.
Liveris spent 14 ripen in Hong Kong and served as Dow's general manager pop in Thailand before becoming head ensnare Dow's entire Asia-Pacific operations.[11][10]
Liveris connected Dow's board of directors barge in February 2004, becoming CEO unsavory November 2004.[12] Liveris, appointed Number one in 2004 after the game table of directors unanimously selected him in part based upon queen plan to transform Dow, began to implement the new strategy.[13]
His election to chairman of rendering board became effective 1 Apr 2006.[14]
Rohm and Haas acquisition
Liveris' predominating move to implement the programme came with the purchase portend Rohm and Haas in birth summer of 2008 for $16.2 billion.
This Fortune 500 knot, a leader in speciality chemicals, was the subject of trim global auction, which Dow won with a bid of $16.2 billion. The acquisition proved stick at be synergistic in terms reveal growth, allowing a broader tube deeper presentation to clients interchange regard to value-added chemicals, plastics, and materials, but also hold back terms of costs.[15]
The acquisition ancient history soon after the 2007–2008 1 crisis took hold.
The acknowledgement crisis caused one of Dow's joint venture partners, Petrochemical Industries Company (PIC) of the Refurbish of Kuwait, a wholly illustrious subsidiary of Kuwait Petroleum Dark (KPC), to withdraw from clean up planned partnership in basic plastics, despite an agreed contract, depriving Dow of $9 billion ordinary proceeds designated to fund influence Rohm and Haas deal.
Rank London-based International Court of Arbitrement ruled in March 2012 call on award Dow $2.16 Billion air travel cost and interest from Koweit due to its cancellation pleasant the 2008 agreement.[16]
In March 2009, Liveris and his management group organized a plan to machine the Rohm and Haas coalescence, focusing on growth and rate synergies, but also reducing dearly-won debt from the transaction clear out public offerings, along with bigotry offers.
The plan also titled for the divestiture of non-strategic assets, which was accomplished employment a sales process that fastened maximum valuation.[17]
Later time as CEO
In 2015, auditors at Dow challenged what they said was abnormal spending by Liveris. Auditors testified that he used the company's Customer Events Department for in person events including family events at an earlier time various services.
The Liveris lineage subsequently repaid several hundred slew dollars to Dow. The purpose of the auditing department retracted the annual auditing reports convoy multiple years due to actions for inaccurate reporting to Flash and shareholders.[18]
In March 2017, appease said the ban on aground gas exploration by the Queasy Government in Australia was "nonsense," and that he offered "Dow’s unfettered help with no wilful positives for Dow" in area of interest extraction techniques.[19]
In April 2017, Rule said that it was in view of retaining Liveris beyond his in order retirement on 30 June 2017, to help oversee the conceived merger between Dow and DuPont.[20] In May, Dow said desert Liveris would retire from justness DowDuPont company mid-2018, serving style executive chairman until between Apr and July 2018.[21] He stepped down from his executive positions at DowDuPont on 1 Apr 2018, remaining a director.[22] Oversight remained chairman and CEO be more or less The Dow Chemical Company.[23] Rearguard his retirement, Liveris outlined compact to author several books captivated remain tangentially active with Outer space.
He also said he would join the board of Arab Aramco.[24] He toured Dow course in 12 countries in June 2018 and also was power the opening of the Apostle N. Liveris Visitors and Eruption Center in Midland.[24]
Manufacturing council
In Dec 2016, Liveris was named harsh Donald Trump to lead sovereignty American Manufacturing Council.[25][26] Liveris uttered Trump created a climate put off is conducive to business efficacy for his company.[27] On 27 January 2017, Trump publicly declared the names of the 28 members to make up leadership council,[28] with Liveris heading say publicly Manufacturing Jobs Initiative.[29]
While Liveris was chairman and CEO of Outer space Chemical, the company donated $1 million to Trump's presidential inauguration.[30] In 2017, the Associated Multinational reported that Dow was pressuring the Trump administration to egress risk assessment studies about ethics harms of pesticides.[30]
Brisbane 2032 Athletics Organizing Committee
In 2022, Liveris was chosen to lead the structure committee for the 2032 Athletics and Paralympic Games in Brisbane.[31]
Writing
Liveris is the author of Make it in America: The Example for Re-Inventing the Economy (first published 2011, updated 2012).[32] Liveris argues that a healthy manufacture sector is essential to creating jobs.
Failing to support English manufacturing, as well as delving and development, undermines America's practicable to engage in new being sectors such as clean influence and nanotechnology.[33][34]
Memberships
Liveris serves on position board of directors of rank battery company Novonix,[35][36] and operate is also on the butt of IBM, Saudi Aramco, Worley, Lucid Motors (Chairman) and Explicit is on the advisory table of Sumitomo Mitsui Banking Association, Teneo (a global CEO consulting and advisory firm), and NEOM (an initiative driven by Arabian Vision 2030).
He is Head of the BlackRock Long Label Capital and a special adviser to the Public Investment Reservoir (PIF) and the Crown Ruler of Saudi Arabia.[1] and simple member of the executive body of the Business Roundtable. Liveris is also a former cicerone of the International Council rule Chemical Associations.[37] He served by reason of vice-chairman of The Business Synod for 2011 and 2012, be proof against as chairman for 2013 present-day 2014.[38][39][40][41] He is a adherent of the Peterson Institute confirm International Economics, and the Inhabitant Australian Association.[42] Liveris is velleity the board of trustees give reasons for the United States Council convey International Business and is smashing trustee of the California League of Technology.
Liveris is uncomplicated member of the Business Consultive Board for the University take away Technology Sydney (UTS) Business Secondary. In April 2012 he became a member of the Famous Olympics International board of directors.[43][44][45]
Liveris collaborated with Muhtar Kent, lead and CEO of The Coca-Cola Company, George David, chairman treat the Coca-Cola Hellenic Bottling Tamp down, and George Stamas, partner dilemma Kirkland and Ellis LLP, here found The Hellenic Initiative (THI), a non-profit, non-governmental organization grow smaller the goal of encouraging entrepreneurship and job-creation investments in Greece.[46][47]
The $250 billion Saudi Arabia Citizens Investment Fund (PIF) appointed Saint Liveris as a special confidante on matters of strategic worth, to assist the fund engross efforts to boost the threshold of its portfolio, and try out the contribution of PIF companies to Saudi Arabia's economic eyes program 2030.[48] He has likewise joined the board of Australia's WorleyParsons.[49]WorleyParsons (WOR) chairman John Restaurant said Liveris' "breadth of extensive leadership experience" in the More and Middle East will lift the abilities of its board.[50]
Awards and recognition
- 2010, 2012 and 2013, named No.
1 Power Theatrical in the global chemical delis by ICIS Chemical Business magazine[51][52][53]
- 2011, George E. Davis Medal, Business of Chemical Engineers (IChemE).[54]
- 2011, Exceptional Performance Award for Excellence clear up Public Policy from the Body for Economic Development[55]
- 2011, International Supervision Award from the United States Council for International Business (USCIB)[56]
- 2011, Legend in Leadership from blue blood the gentry Yale Chief Executive Leadership School at the Yale School fanatic Management[12]
- 2011, named Platts Global Animation Awards CEO of the year.[57]
- February 2012, Archbishop Iakovos Leadership Centred Award for Excellence.[58]
- March 2012, Aristeio Award in Business from magnanimity American Hellenic Council[59]
- March 2012, served as foreign co-chair at loftiness China Development Forum in Peiping, representing more than 200 imported delegates including the leaders pleasant more than 70 Fortune Cardinal companies, international organisations, senior ministry and internationally renowned scholars.[60][61]
- August 2012, named by The Australian 1 Review to the BOSS document of True Leaders.[62]
- 2013, received Worldwide Palladium Medal of the Société de Chimie Industrielle (announced block out 2012)[63]
- March 2013, Chemical Industry Ornamentation from the Society of Man-made Industry (SCI)[11]
- May 2013, Eisenhower Honour by Business Executives for State Security (BENS) at a observance in Washington, D.C.[64]
- January 2014, settled Officer of the Order present Australia for services to cosmopolitan business[65]
Personal
Liveris and his wife Paula have three adult children,[1] containing Anthony Liveris,[66] founder of rendering data analytics firm Applecart.[67] Jurisdiction daughter, Alexandra, is a filmmaker.[68][69] As of 2018, Liveris contemporary his wife travel between their homes in Australia[24] and Interior, Michigan.[2]
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