Midland, MI - October 31, 2005
Two executives of The Dow Chemical Company have been elected to the Board of Directors of Dow Corning Corporation, a joint venture of Dow and Corning, Incorporated. The new board members from Dow are: Geoffery E. Merszei, executive vice president and chief financial officer, and Gary R. Veurink, corporate vice president, Manufacturing and Engineering.
"This is an exciting and challenging time for Dow Corning as we focus on innovation, sustainability and global expansion," said Stephanie A. Burns, Ph.D, Dow Corning president and CEO. "We're looking forward to working closely with our newest board members and learning from their diverse experiences and knowledge."
Retiring from the Dow Corning board is Arnold A. Allemang, a senior advisor for Dow who has served as a Dow Corning director for more than four years. "Arnold's deep understanding of global manufacturing has been especially valuable," said Gary E. Anderson, Dow Corning board chairman. "His insights have provided a firm foundation for the growth and sustainability of this company."
Merszei returned to Dow in July this year after serving four years as executive vice president and chief financial officer of Alcan Inc. Prior to moving to Alcan, his career with Dow had spanned 24 years. He joined the Company in 1977 and subsequently worked in a variety of treasury and finance-related positions around the globe, including five years as vice president and treasurer. Merszei is a member of the Conference Board Committee of the Council of Financial Executives and a member of the Corporate Executive Board Working Council for CFOs. He holds a bachelor's degree in economics from Albion College in Michigan.
Veurink was named to his current position in January 2004 and later that year joined the Office of the Chief Executive. Prior to his current role, Veurink was the Manufacturing and Engineering vice president for Chemicals and Intermediates, and before that served as the business operations leader for Performance Chemicals, as well as vice president and site leader for Dow's Michigan Operations. He joined Dow in R&D in 1972 and has served in a wide range of leadership roles, including in manufacturing, engineering, environmental management, quality management, materials management, and purchasing.
About Dow
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
About Dow Corning
Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company (NYSE: DOW) and Corning, Incorporated (NYSE: GLW). More than half of Dow Corning's annual sales are outside the United States.
For Editorial Information:
Terri McNeill
The Dow Chemical Company
(989) 636-0626
Jarrod Erpelding
Dow Corning Corporation
(989) 496-1582
