On March 12th, US local time, Dow DuPont announced that due to the success of the company's material science department succession process, Chairman Li Weicheng will step down through a transitional period and retire. Li Weicheng has notified the board of directors since April 2018 At the beginning of the day, he will no longer serve as chairman of Dow Dupont; Board member Jeff Fettig will take over his position. Prior to July 1, 2018, Li Weicheng will continue to retain the position of director of the company.
On behalf of the board of directors, I would like to thank Li Weicheng for his outstanding leadership and outstanding insight. Under his leadership, Dow achieved the best operating results and shareholder value in history, and after the merger with DuPont, brilliant performance was still achieved. Continuing', Fettig said, 'He really is a global CEO. His leadership is not only reflected in Dow's, but the entire global industry will be affected by him in the coming decades.'
Fettig continued: “Since joining the board of directors of Dow, I have been honored to work with Liwei Cheng and other members of the board of directors. We have jointly developed and implemented Dow's market-driven strategy. I look forward to continuing with the entire Dow's DuPont board of directors. Efforts, as planned, split the company into three focused and industry-leading business units.
'In the past 14 years, we have promoted Dow's transformation from a cyclical chemical manufacturing company to an innovation-driven company that provides solutions to customers around the world. We invest heavily in research to completely transform our business portfolio while maintaining our tradition of excellence. And Values. ' Li Weicheng stated, 'With the completion of the transformation, Dow will also move into the next stage of growth. It is the right time for me to achieve the transition plan I announced earlier and retire. I would like to have 54,000 of Dow worldwide. We sincerely thank our employees for their hard work and selfless dedication. Without their unremitting efforts, Dow will not be able to achieve today's achievements.
In addition to successfully leading Dow, Liveris, 63, has always been an international advocate who emphasizes the importance of manufacturing to the long-term health of the national economy. He is the author of the book 'Make It in America'. A comprehensive set of practical policy solutions and business strategies can achieve the company’s vision to achieve an advanced manufacturing economy. Li Weicheng was hired by the current US Trump administration to help find new ways to stimulate innovation and rejuvenate US manufacturing. Promoting economic growth and prosperity. Li Weicheng currently serves on the staff of Acosta's Secretary-General's Future Committee. Before that, he served as co-chairman of President Obama’s Advanced Manufacturing Partnership Steering Committee and a member of the US President’s Export Committee. To this end, he led Dow. Cooperates with governments of the United States, Australia, Europe, Latin America, Asia, Middle East and Africa on advanced manufacturing programs, and promotes world-class investment and industry leadership in fast-growing regions around the world.
Li Weicheng has extensive experience and expertise in business, government, academic and non-profit sectors. He serves a number of councils and committees in Australia, Argentina, Saudi Arabia and Thailand, and serves as a consultant in his government department. Positions, covering manufacturing, investment and business development. Li Weicheng is a member of IBM's board of directors, is also a member of the business round table and former vice chairman, a member of the executive committee and former chairman of the U.S. business committee, and the Concordia leadership committee and Australian government industry growth. A member of the Central Advisory Board. In addition, he is a member of the Peterson Institute for International Economics, the American Association of Australia, and The B. Li Weicheng at King Abdullah University of Technology (KAUST), California Institute of Technology and the American International Business Council The board of directors serves as a board member of the US-India Strategic Partnership Forum (USISPF).