Dow Appoints New CEO, Names Carter as Chief Operating Officer

Global materials science company Dow has recently restructured its executive leadership and appointed a new Chief Executive Officer (CEO).

On April 16, Dow announced that CEO Jim Fitterling has been appointed as Executive Chairman of the Board of Directors, effective July 1. Karen S. Carter, currently the Chief Operating Officer (COO), has been named the new CEO. Carter will join the Board of Directors upon assuming the role. Richard Davis, Lead Independent Director, will remain in his position.

Karen S. Carter, New CEO of Dow. Dow

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This executive reshuffle is part of a systematic succession plan developed over several years and is intended to strengthen continuity and stability in strategy execution.

Lead Independent Director Davis stated, "Fitterling has further strengthened the company's strategy, organizational culture, and long-term competitive foundation as Dow navigated a period of significant transformation. Carter is the right leader to take Dow to the next level, driving growth and value creation for customers, employees, and shareholders."

Since becoming CEO in 2018, Fitterling has successfully completed Dow's separation from DowDuPont and has established a corporate culture centered on safety, performance, and inclusion.

Fitterling said, "Serving as CEO of Dow has been the greatest honor of my life. As Executive Chairman, I will continue to support Dow and work closely with the new CEO to ensure continuity in leadership and execution." He will continue to lead the board, focusing on long-term strategy, governance, and key external relationships, while supporting continuity in leadership and execution.

Incoming CEO Carter has worked at Dow for over 30 years, overseeing major business divisions and key functional organizations as COO and managing company-wide business and operational performance.

Notably, as former President of Dow's largest division, Packaging & Specialty Plastics, she drove value growth through asset upgrades, capacity expansions, and improvements in operational reliability. She is also credited with advancing circular economy solutions through collaborations with customers and brand companies.

Carter stated, "I am committed to providing customers with reliable and innovative solutions and to creating long-term value for employees and shareholders. I will accelerate the transformation needed to set new, world-class standards of performance."

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