Jeff Fettig to replace Andrew Liveris as DowDuPont’s executive chairman

The change in leadership comes at a time when the U.S. chemicals producer is in the process of breaking up its units into 3 distinct businesses.

On Monday, the Wall Street Journal reported, Andrew Liveris, U.S. chemicals producer DowDuPont Inc’s executive chairman will step down on April 1.

Jeff Fettig, DowDuPont’s co-lead director will succeed him. He will however remain as a director of the combined board until July 1.

Jim Fitterling, who is currently the CEO of DowDuPont’s material sciences unit, will assume the role of Dow’s CEO after the breakup in 2019.

In February 2018, DowDuPont stated it was going ahead with its plan of carving out its 3 distinct businesses, including its materials science business, agriculture and specialty products.

The divestiture of its materials science business is expected to be completed by the 1st quarter of 2019, and the remaining two is expected to follow by June 1, 2019.

In September 2017, Dow and DuPont completed their $130 billion merger.

DowDuPont could not be immediately reached for comment.

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