Karen S. Carter Named Dow CEO; Number Of Black Women Running Fortune 500 Companies Now At 2

Dow announced immoderate changes to its enactment connected the committee of directors, promoting Chief Operating Officer Karen S. Carter to Chief Executive Officer (CEO). She volition regenerate Jim Fitterling.

The determination becomes effectual July 1.

“ She is simply a disciplined, highly respected person with a heavy knowing of Dow’s businesses and customers,” Richard David, Dow’s autarkic pb director, said successful a statement. “This assignment reflects our assurance successful her quality to pb Dow guardant into its adjacent section of maturation and worth instauration for customers, employees and shareholders.”

The assignment makes Carter the archetypal Black pistillate to pb a large U.S. chemic company, according to Chemical & Engineering News. Carter has much than 30 years of acquisition astatine Dow.

During her tenure arsenic COO, she oversaw concern and operational show crossed institution lines. portion strengthening lawsuit engagement and accelerating innovation.

Carter said she is “deeply honored” to beryllium successful this relation and excited to pb “into our adjacent chapter.”

“Dow has bonzer people, world-class assets and starring positions successful the markets we serve,” Carter added. “Our absorption remains unwavering: delivering reliable and innovative solutions for our customers, and semipermanent worth for our employees and our shareholders, portion accelerating our translation to acceptable a caller competitory modular for best-in-class performance.

“I look guardant to continuing my concern with Jim successful his caller relation arsenic Executive Chair, and to moving with the Board and each of Team Dow to beforehand our strategy and present connected our priorities.”

Previously, Carter served arsenic president of Dow’s Packaging & Specialty Plastics, the company’s largest operating segment.

Carter, who received her bachelor’s grade from Howard University, joins a tiny radical of women moving Fortune 500 companies—and an adjacent smaller radical of Black women who pb them. A record-high 55 women clasp CEO roles, but lone 2 are Black women.

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