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DowDuPont says Andrew Liveris to step down, names CEO for new Dow


(Reuters) - U.S. Inc said on Monday its will step down on April 1 and named as the of upon the completion of the spinoff of its materials science unit.

Last month, said it was pushing ahead with its plans to split into three separate units, starting with the materials science by the end of the first quarter of 2019.

The specialty products will be called and the agricultural unit will be named Corteva Agriscience. Their spinoffs are expected to start by June 1, 2019.

and completed their $130 billion merger in September.

On Monday, the company said Liveris will continue as a until July 1, his previously announced retirement date from the company.

"With that transformation complete and entering into its next phase of growth, now is the right time for me to effect my previously announced plan to transition and then to retire," Liveris said in a statement.

The company said its will serve as Dow's

(Reporting by and in Bengaluru; Editing by and Arun Koyyur)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 16:59 IST