Dan Loeb Adds Another Scalp To His Collection: Dow Chemical Edition
Andrew Liveris can now join William Ruprecht, Scott Thompson and others we're probably failing to remember at the next meeting of support group FOBD (Forced Out By Dan Loeb).
Dow Chemical Co. Chief Executive Officer Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal. Liveris, 61, is a Dow lifer, having spent four decades at the U.S. company. The Australian-born CEO will depart once the newly created DowDuPont is ready for a planned three-way split, no later than the second quarter of 2017, he said Tuesday on Dow’s fourth-quarter earnings call.
Dan Loeb Gets His Way as Dow's Liveris Confirms Planned Exit [Bloomberg]