Dow Chemical CFO William Weideman To Retire - Quick Facts

(RTTNews) - Dow Chemical Co.'s (DOW) Chief Financial Officer, William (Bill) Weideman, has elected to retire, following 38 years of service with the company. Meanwhile, Howard Ungerleider would replace him as CFO with effect from October 1, 2014.

Most recently, Weideman served as executive vice president and chief financial officer, a role he assumed in November 2009. He would officially retire at the end of 2014, and would start working with Ungerleider to ensure a smooth transition of leadership responsibilities.

In 1990, Ungerleider joined Dow and his career has spanned a wide variety of commercial, business, financial, geographic, functional and enterprise-level leadership roles globally. Weideman joined Dow in 1976 and held various financial leadership roles during the span of his nearly 40-year career. He was named vice president and corporate controller in 2006, interim CFO in November 2009 and was appointed to his current position in 2010.

In addition, Dow revealed certain executive leadership appointments to maintain the firm's aggressive focus on executing against its strategic priorities. Accolrdingly, James (Jim) Fitterling has been named vice chairman of Business Operations; and Joe Harlan has been appointed as chief commercial officer and vice chairman of Market Businesses.