Dow Chemical Co. boss Andrew Liveris will ride off into the sunset by the middle of next year.
Liveris announced the move Feb. 2 during a conference call with analysts. The 61-year-old has served as Dow's president and CEO since 2004 and also as chairman since 2006. He is in his 40th year overall with the Midland, Mich.-based company.
Dow also on Feb. 2 announced that James Fitterling has been appointed the firm's president and chief operating officer. The 32-year Dow veteran previously had been vice chairman and COO.
The announcements come as Dow prepares for its historic merger with fellow U.S. plastics and chemicals giant DuPont Co. The two firms announced the merger on Dec. 11.