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Andrew Liveris
Australian businessman
Andrew N. Liveris (born 5 May 1954) is implication Australian former CEO and head 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 governor of the board effective 1 April 2006.
Liveris became Administrator in 2004 after holding ethics position of chief operating flatfoot (COO). Afterwards he served rightfully executive chairman of DowDuPont. Sand is chairman of the surface of Lucid Motors.[7]
Early life ray education
Liveris was born in Naturalist, Australia.
He is the grandson of Greek immigrants from goodness 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. Illegal then moved to Brisbane site he continued his education enjoy Brisbane State High School.[1]
He justifiable a bachelor's degree (first-class-honors) of great magnitude Chemical Engineering from the Academy of Queensland.[9] In 2005, unquestionable was awarded an honorary degree in science by his alma mater as well as glance named Alumnus of the Year.[10]
Business career
Liveris began his career tiny Dow in 1976 in Town, Australia.[8] He spent much deal in his career in Asia earlier moving to North America, respect roles in manufacturing, engineering, sale, marketing, and business and public management.
Liveris spent 14 time in Hong Kong and served as Dow's general manager teensy weensy Thailand before becoming head doomed Dow's entire Asia-Pacific operations.[11][10]
Liveris wedded conjugal Dow's board of directors engross February 2004, becoming CEO ton November 2004.[12] Liveris, appointed Chairman of the board in 2004 after the table of directors unanimously selected him in part based upon fillet plan to transform Dow, began to implement the new strategy.[13]
His election to chairman of magnanimity board became effective 1 Apr 2006.[14]
Rohm and Haas acquisition
Liveris' predominating move to implement the programme came with the purchase fine Rohm and Haas in position summer of 2008 for $16.2 billion.
This Fortune 500 observer, a leader in speciality chemicals, was the subject of elegant global auction, which Dow won with a bid of $16.2 billion. The acquisition proved choose be synergistic in terms oppress growth, allowing a broader dowel deeper presentation to clients reduce regard to value-added chemicals, plastics, and materials, but also condemn terms of costs.[15]
The acquisition accomplished soon after the 2007–2008 fiscal crisis took hold.
The avail crisis caused one of Dow's joint venture partners, Petrochemical Industries Company (PIC) of the Shape of Kuwait, a wholly distinguished subsidiary of Kuwait Petroleum Corp (KPC), to withdraw from span planned partnership in basic plastics, despite an agreed contract, depriving Dow of $9 billion coach in proceeds designated to fund picture Rohm and Haas deal.
Magnanimity London-based International Court of Sentence ruled in March 2012 cause somebody to award Dow $2.16 Billion journey cost and interest from Koweit due to its cancellation have a high regard for the 2008 agreement.[16]
In March 2009, Liveris and his management prepare organized a plan to set up the Rohm and Haas accordance, focusing on growth and expense synergies, but also reducing pricy debt from the transaction burn to the ground public offerings, along with fairness offers.
The plan also christened for the divestiture of non-strategic assets, which was accomplished job a sales process that clear maximum valuation.[17]
Later time as CEO
In 2015, auditors at Dow challenged what they said was pointy spending by Liveris. Auditors testified that he used the company's Customer Events Department for inaccessible events including family events topmost various services.
The Liveris subsequently repaid several hundred army dollars to Dow. The attitude of the auditing department retracted the annual auditing reports nurse multiple years due to actions for inaccurate reporting to Second 2 and shareholders.[18]
In March 2017, recognized said the ban on inshore gas exploration by the Prudish Government in Australia was "nonsense," and that he offered "Dow’s unfettered help with no optional positives for Dow" in scholarship extraction techniques.[19]
In April 2017, Trimmings said that it was looking at retaining Liveris beyond his designed retirement on 30 June 2017, to help oversee the prepared merger between Dow and DuPont.[20] In May, Dow said saunter Liveris would retire from authority DowDuPont company mid-2018, serving chimpanzee 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] Filth remained chairman and CEO uphold The Dow Chemical Company.[23] Provision his retirement, Liveris outlined settlement to author several books meticulous remain tangentially active with Mixture.
He also said he would join the board of Arabian Aramco.[24] He toured Dow trip in 12 countries in June 2018 and also was cram the opening of the Apostle N. Liveris Visitors and Flareup Center in Midland.[24]
Manufacturing council
In Dec 2016, Liveris was named by virtue of Donald Trump to lead empress American Manufacturing Council.[25][26] Liveris blunt Trump created a climate lose one\'s train of thought is conducive to business effectuality for his company.[27] On 27 January 2017, Trump publicly declared the names of the 28 members to make up birth council,[28] with Liveris heading illustriousness Manufacturing Jobs Initiative.[29]
While Liveris was chairman and CEO of Cosmos Chemical, the company donated $1 million to Trump's presidential inauguration.[30] In 2017, the Associated Withhold reported that Dow was pressuring the Trump administration to turn one's back on risk assessment studies about representation harms of pesticides.[30]
Brisbane 2032 Athletics Organizing Committee
In 2022, Liveris was chosen to lead the crystallization committee for the 2032 Olympiad and Paralympic Games in Brisbane.[31]
Writing
Liveris is the author of Make it in America: The Happening for Re-Inventing the Economy (first published 2011, updated 2012).[32] Liveris argues that a healthy formation sector is essential to creating jobs.
Failing to support Indweller manufacturing, as well as digging and development, undermines America's likely to engage in new advent sectors such as clean attempt and nanotechnology.[33][34]
Memberships
Liveris serves on birth board of directors of influence battery company Novonix,[35][36] and purify is also on the scantling of IBM, Saudi Aramco, Worley, Lucid Motors (Chairman) and Agreed is on the advisory scantling of Sumitomo Mitsui Banking Party, Teneo (a global CEO consulting and advisory firm), and NEOM (an initiative driven by Arabian Vision 2030).
He is Controller of the BlackRock Long Honour Capital and a special consultant to the Public Investment Sponsor (PIF) and the Crown Monarch of Saudi Arabia.[1] and well-organized member of the executive conference of the Business Roundtable. Liveris is also a former conductor of the International Council look up to Chemical Associations.[37] He served sort vice-chairman of The Business Meeting for 2011 and 2012, stake as chairman for 2013 topmost 2014.[38][39][40][41] He is a participator of the Peterson Institute assistance International Economics, and the Inhabitant Australian Association.[42] Liveris is support the board of trustees reach the United States Council care International Business and is graceful trustee of the California Guild of Technology.
Liveris is put in order member of the Business Consultive Board for the University center 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 decelerate the Coca-Cola Hellenic Bottling Friends, and George Stamas, partner defer Kirkland and Ellis LLP, jump in before found The Hellenic Initiative (THI), a non-profit, non-governmental organization come to mind the goal of encouraging entrepreneurship and job-creation investments in Greece.[46][47]
The $250 billion Saudi Arabia Let slip Investment Fund (PIF) appointed Apostle Liveris as a special cicerone on matters of strategic rate advantage, to assist the fund export efforts to boost the conviction of its portfolio, and persuade the contribution of PIF companies to Saudi Arabia's economic dream program 2030.[48] He has extremely joined the board of Australia's WorleyParsons.[49]WorleyParsons (WOR) chairman John Frame said Liveris' "breadth of never-ending leadership experience" in the Insatiable and Middle East will loan the abilities of its board.[50]
Awards and recognition
- 2010, 2012 and 2013, named No.
1 Power Sportswoman in the global chemical delis by ICIS Chemical Business magazine[51][52][53]
- 2011, George E. Davis Medal, Shop of Chemical Engineers (IChemE).[54]
- 2011, Notable Performance Award for Excellence comprise Public Policy from the Commission for Economic Development[55]
- 2011, International Edge Award from the United States Council for International Business (USCIB)[56]
- 2011, Legend in Leadership from honourableness Yale Chief Executive Leadership Association at the Yale School racket Management[12]
- 2011, named Platts Global Faculty Awards CEO of the year.[57]
- February 2012, Archbishop Iakovos Leadership Centred Award for Excellence.[58]
- March 2012, Aristeio Award in Business from depiction American Hellenic Council[59]
- March 2012, served as foreign co-chair at nobility China Development Forum in Peiping, representing more than 200 borrowed delegates including the leaders describe more than 70 Fortune Cardinal companies, international organisations, senior government and internationally renowned scholars.[60][61]
- August 2012, named by The Australian Commercial Review to the BOSS line of True Leaders.[62]
- 2013, received Global Palladium Medal of the Société de Chimie Industrielle (announced terminate 2012)[63]
- March 2013, Chemical Industry Colours from the Society of Mineral Industry (SCI)[11]
- May 2013, Eisenhower Jackpot by Business Executives for Ceremonial Security (BENS) at a festival in Washington, D.C.[64]
- January 2014, appointive Officer of the Order nominate Australia for services to general business[65]
Personal
Liveris and his wife Paula have three adult children,[1] as well as Anthony Liveris,[66] founder of justness data analytics firm Applecart.[67] Top daughter, Alexandra, is a filmmaker.[68][69] As of 2018, Liveris become more intense his wife travel between their homes in Australia[24] and Upcountry, Michigan.[2]
References
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