May 11 Dow Chemical Co, which is merging
with DuPont, said Chief Executive Andrew Liveris would
retire as chairman of the combined DowDuPont company in July
Liveris is slated to serve as executive chairman of the
combined DowDuPont company when the merger of the two chemical
companies closes in August, Dow said on Thursday.
He will then serve as chairman of the combined company
between April and July 2018, the company said.
Liveris said in February 2016 he would retire by mid-2017,
following a prolonged battle with hedge fund manager Daniel
Loeb, who had been questioning his leadership.
Dow also said on Thursday it would invest more than $12
billion over 10 years, mostly in the United States.
(Reporting by Swetha Gopinath in Bengaluru; Editing by Sriraj